FG pays N1.1bn exit bonus to retirees
Retirees are required to provide the necessary documents, including their clearance letter and recent payslips, to their Pension Fund Administrators
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 […]
