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Faced with worryingly low turnout in a nationwide exercise critical to settling long-standing retirement obligations, the Federal Government has issued a firm directive to Ministries, Departments and Agencies to ensure full compliance with an ongoing pension verification and enrolment programme for civil servants with accrued pension rights. The National Pension Commission, PenCom, confirmed that…
Pension fund assets tied to Federal Government of Nigeria (FGN) debt securities climbed by 16.9 per cent year-on-year to N16.925 trillion in February 2026. This figure stood at N14.468 trillion during the same period last year. The total net asset value of the pension industry grew by 28.7 per cent to N29.426 trillion over the…
Nearly N30 billion in pension contributions sits in a financial purgatory. These funds belong to Nigerian workers but remain uncredited to their Retirement Savings Accounts. The National Pension Commission blames a messy cocktail of employer negligence and data blunders. Thousands of employees now face a future where their savings exist only on paper. The system…
The Court of Appeal in Abuja has overturned a lower court’s decision, awarding ₦10 million in costs against the National Pension Commission (PenCom) for “unlawful labour practices.” A three-member panel, led by Justice Bilkisu Bello Aliyu, ruled that PenCom’s treatment of 20 aggrieved workers was unjustifiable. The workers were officially hired in 2017 but left…
Nigeria’s pension industry has opened 2026 with a formidable expansion, as total assets hit N28.04 trillion by the end of January. This represents a 22.64% increase from the N22.86 trillion recorded the previous year. The industry added N580 billion in value in a single month, a growth spurt driven by both consistent contributions and robust…
