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The Micro Pension Plan’s Impact On Nigeria’s Informal Sector (Part 1)

The Contributory Pension Scheme (CPS) is a vital initiative empowering individuals to secure their financial well-being in old age. Tailored initially for formal sector...
Business

Empowering Employees: A Guide To Contributors’ Rights Under The CPS

The Pension Reform Act 2014 (PRA 2014) protects employees’ rights, offering crucial protection, compensation, and support throughout their careers and retirement. These rights extend...
Business

Data Recapture Exercise: PenCom Urges RSA Holders To Update Records

The National Pension Commission (PenCom) has mandated that Retirement Savings Account (RSA) holders who are enrolled in the Contributory Pension Scheme (CPS) on or...
Business

PenCom Enhances Pension Services Through Branch Expansion For PFAs

The National Pension Commission (PenCom) has significantly broadened the reach and effectiveness of pension services in Nigeria. In a recent circular directed at licensed...
Business

BUSINESS ROUNDUP: A’Ibom confronts Keystone, Heritage banks; PenCom recovers N25.13bn unremitted pension; Other stories

Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market...
Business

PenCom’s Recovery Initiative Reclaims N25.13bn Unremitted Pension Contributions, Penalties

The National Pension Commission (PenCom) plays a crucial role in ensuring the timely remittance of pension contributions and imposing penalties on defaulting employers. From...
Business

Why Approval For Pension Funds Investment In NGX Derivatives Has Not Been Granted- PenCom

The National Pension Commission has said that it is still monitoring developments in the derivatives markets introduced in the Nigerian capital market and will...
Business

PenCom recovers N25.13bn unremitted pension contributions, penalties from employers

The National Pension Commission (PenCom) says it has recovered N25.13 billion from defaulting employers which comprises of N12.80 billion principal contributions, and N12.33 billion...
Business

PenCom Has Made Life After Retirement Enjoyable For RSA Account Holders -NECA

The Nigeria Employers Consultative Association on Thursday hailed the National Pension Commission for the proactive manner in which the commission is implementing the Pension...
Business

Impunity Making Employers To Withhold Pension Deductions—PenCom DG

The Director-General of the National Pension Commission, Mrs Aisha Dahiru-Umar, has blamed the culture of impunity as one of the major reasons that is...
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