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PenCom reviews capital base of pension operators, sets 2026 compliance deadline

The National Pension Commission (PenCom) has reviewed the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) as part of efforts to enhance the financial stability of the pension industry. The directive was contained in a circular signed by Mr. Saleem Abdulrahman, Director of the Surveillance Department at PenCom. The review, […]

PenCom pledges pension reforms for informal sector workers

The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, says the Pension Industry Leadership Council (PILC) will focus on expanding pension coverage to Nigeria’s informal sector. Speaking at a press conference in Abuja on Thursday, she outlined PILC’s mandates, which include broadening coverage, enforcing governance standards, and driving industry-wide innovation to safeguard contributors. Oloworaran […]

Pension Scheme Contributors Hit 10 Million

The National Pension Commission (PenCom) announced on Thursday that the number of contributors to the Contributory Pension Scheme (CPS) has reached 10 million members as of June, compared to the 9.86 million members recorded in 2022. Mrs. Aisha Dahir-Umar, the Director-General of PenCom, made this disclosure during a conference organized for journalists covering the pension […]

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