Trustfund Pensions eyes N2tn by year end as assets surge to N1.54tn
Trustfund Pensions Limited has set a target of growing its Assets Under Management, AUM, to N2 trillion by the end of 2026
Social security: NSITF launches nationwide safety drive to save Nigerian workers
The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Barrister Olúwaceun Faleye, has launched a nationwide workplace safety initiative aimed at protecting Nigerian workers and boosting productivity. Faleye announced the initiative at a press conference to flag off the 2025 Safe Workplace Intervention Project (SWIP), a collaboration between NSITF and the Nigeria Employers’ Consultative Association […]
Old-age poverty looms over informal sector pension crisis, FIWON warns
FIWON has warned that millions of Nigerians in the informal sector risk falling into old-age poverty due to the failure of micro-pension scheme
PenCom to continue engaging states over pension shortfalls, compliance remains low
By Victor Ahiuma-Young The National Pension Commission, PenCom, has promised to intensify engagement with state governments over pension shortfalls, disclosing that compliance with the Contributory Pension Scheme, CPS, remains low across the country. The Director General of PenCom, Ms. Omolola Oloworaran, said that although some states have shown relatively higher compliance with the CPS, the major concern […]
Massive relief as PTAD settles increments, gratuities, death benefits
•Thousands of retirees, next-of-kins share N55.9bn By Victor Ahiuma-Young Thousands of pensioners and next-of-kins of deceased retirees across the country have received a major financial boost as the Pension Transitional Arrangement Directorate, PTAD, disbursed a total of N55.9 billion in pensions and outstanding arrears in December 2025. The payment, which cut across all pension departments under […]
Why Police pension exit law missed the mark — PenCom
By Victor Ahiuma-Young The National Pension Commission PenCom, has described the recent law passed by the National Assembly to remove members of the Nigeria Police Force from the Contributory Pension Scheme, CPS, as flawed, though likely made in good faith. Recall that the Nigerian Senate had on December 4, 2025, passed the Nigeria Police Force […]
FG re-skills retiring military personnel for life after service
By Evelyn Usman A total of 576 retiring personnel of the Nigerian Armed Forces have completed the Nigerian Armed Forces Resettlement Centre (NAFRC) Course 02/2025 as part of the Federal Government’s efforts to prepare service members for life after active duty. Of the participants, the Nigerian Army accounted for 366 personnel, followed by the Nigerian […]
PTAD disburses Dec pensions across civil service, security, health sectors
By Victor Ahiuma-Young The Presidential Pension Transitional Arrangement Directorate, PTAD, has finalised the payment of December 2025 pensions covering a broad range of retired public servants, including civil service workers, police officers, personnel from parastatals, defunct and transferred agencies, and pensioners from tertiary education and health institutions. Also included are pensioners of the Customs, Immigration […]
Forgotten Nigerian Airways pensioners storm PTAD, seek help
By Victor Ahiuma-Young Retirees of the defunct Nigerian Airways have turned to the Pension Transitional Arrangement Directorate, PTAD, for support as they continue to struggle with long-delayed pension payments. The apparently abandoned pensioners stormed PTAD’s office in Abuja, demanding dignity and pay. The Executive Secretary of PTAD, Mrs Tolulope Odunaiya, met with representatives of the Association of […]
Relief for retirees as PenCom expands social security, unveils healthcare scheme
By Victor Ahiuma-Young Relief has come to retirees under the Contributory Pension Scheme, CPS, as the National Pension Commission, PenCom, has expanded Nigeria’s social security framework and unveiled a dedicated healthcare scheme aimed at improving the welfare of pensioners. The development was announced at the 2025 Annual Pension Conference for Journalists in Lagos, where the Director General […]
NSITF’s rehabilitation programme: Restoring hope, life, dignity to injured workers
Forty-year-old Taiwo Adebola bade his young family goodbye as he left for work on a Tuesday morning in June 2024
PenCom raises alarm as fraudsters feast on unsuspecting CPS retirees
PenCom has alerted the public following a surge in fraudulent activities targeting retirees under the Contributory Pension Scheme
MPB rushes to fix bank glitch as military pension delays spark outrage
By Kingsley Omonobi The Military Pensions Board, MPB, has moved into urgent action following rising complaints from retired military personnel over delays in the payment of their November 2025 pension benefits. The affected pensioners, whose accounts are domiciled with a first generation bank, expressed frustration as the delay extended beyond the expected payment date. In a […]
Social Security: NSITF storms NLC NEC, raises red flags on employers evading ECS
By Victor Ahiuma-Young The Managing Director/CEO of the Nigeria Social Insurance Trust Fund, NSITF, Oluwaseun Faleye, has warned that employers who evade full compliance with the Employee Compensation Scheme, ECS, are putting Nigerian workers at serious risk. He raised the concern while addressing the National Executive Council, NEC, meeting of the Nigeria Labour Congress, NLC, in […]
NSITF amendment bill will cripple Fund – Labour, NECA
Labour and NECA have rejected the proposed amendments to the Nigeria Social Insurance Trust Fund, NSITF, Act
Senior citizens hit jackpot as Dangote Cement unveils packed welfare bonanza
By Victor Ahiuma-Young In what many described as a heartwarming display of corporate compassion, Dangote Cement Plc, Ibese Plant, treated senior citizens across its 17 host communities to an extraordinary welfare bonanza that left the elderly beaming with joy and gratitude. The event, tagged “A Day Out with Senior Citizens,” held at the plant premises in […]
