August 2026
25Aug

Nigeria. PenCom records 11.18 million pension registrations in Q1

The National Pension Commission has disclosed that cumulative Retirement Savings Account registrations under the Contributory Pension Scheme rose to 11,183,475 at the end of the first quarter of 2026. According to PenCom’s Q1 2026 report released on Monday, cumulative RSA registrations grew by 143,248 accounts during the three months, up from 11,040,227 recorded at the close of the fourth quarter of 2025. Highlighting the momentum in account openings during the period, the commission stated, “The quarterly cadence is materially stronger than...

August 25, 2026
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20Aug

Nigeria. Military pensioners protest in Abuja over benefit adjustments

Scores of retired military personnel on Wednesday protested in Abuja over the alleged non-implementation of consequential adjustments to their pensions following salary increases approved for serving military personnel. The pensioners gathered at an open field in Area 10, Garki, near the Ministry of Defence, carrying placards with various inscriptions urging the Federal Government to implement outstanding salary adjustments in their pensions. The protest triggered the deployment of security personnel, including soldiers, police and operatives of the Nigeria Security and Civil Defence...

August 20, 2026
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19Aug

Nigeria. Risk management must become the pension industry’s competitive advantage

Nigeria’s pension industry has earned its reputation as one of the nation’s most successful financial sector reforms. Since the introduction of the Contributory Pension Scheme (CPS) and the Pension Reform Act 2014, pension assets have grown steadily, millions of Nigerians have enrolled, and confidence in retirement savings has improved considerably. As the industry expands into an increasingly digital and uncertain world, merely complying with regulations is no longer sufficient. Risk management must evolve from a regulatory obligation into a...

August 19, 2026
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July 2026
15Jul

Nigeria pension assets jump 51% to $22.8 billion, regulator says

Nigeria's pension assets rose ​51% in two years to ‌31.48 trillion naira ($22.80 billion), while membership of the country's contributory pension scheme ​grew by nearly 1 ​million workers to 11.32 million, the ⁠National Pension Commission (PenCom) said on Tuesday. PenCom ​chief Omolola Oloworaran told reporters ​that assets under management increased from 20.79 trillion naira in July 2024, a rise ​attributed to stronger confidence in ​the pension system. A 758 billion naira bond ‌helped ⁠clear obligations dating back to 2007, benefiting 957,045...

July 15, 2026
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June 2026
29Jun

Nigeria. PenCom’s pension expansion drive targets nine million transport workers

The National Pension Commission (PenCom) has rolled out a fresh drive to extend pension coverage to about nine million transport workers under the Personal Pension Plan (PPP). The plan is expected to deepen financial inclusion and expand social security for the informal sector operators. The initiative, being developed in partnership with the National Union of Road Transport Workers (NURTW), is expected to increase retirement savings among workers in one of Nigeria’s largest informal-sector groups while creating a framework for structured financing of mass-transit vehicles...

June 29, 2026
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18Jun

Nigeria. Over 92% of personal pension savings accounts remain unfunded

Amidst efforts by the National Pension Commission, PenCom, to include informal sector workers in the pension scheme, the Personal Pension Plan, PPP, which caters to the informal sector, has remained stagnant. While the PPP has 215,412 registered Retirement Savings Accounts, RSAs, only 17,320 of these RSAs, which represents 8.0 per cent, have received contributions. The remaining 198,092 RSAs, which represent 92.0 per cent, are dormant. PenCom, in its fourth quarter 2025 report stated that registrations are not savings and registration without funding...

June 18, 2026
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02Jun

Nigeria. Unremitted pensions: The silent threat to workers’ retirement security

For millions of Nigerian workers enrolled under the Contributory Pension Scheme (CPS), monthly pension deductions are expected to provide financial security after retirement. However, a growing challenge within the system is threatening that promise: The persistent failure of some employers to remit pension contributions deducted from employees’ salaries. Despite nearly two decades of pension reform and significant growth in pension assets, non-remittance of pension contributions remains one of the biggest compliance concerns facing Nigeria’s pension industry. The practice cuts across...

June 2, 2026
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April 2026
30Apr

Nigeria: CPs – Pencom Sustains Push for States, Others

The National Pension Commission has sustained the drive for states, local governments and employers in formal sector to fully embrace the Contributory Pension Scheme, writes Ebere Nwoji One of the major headaches of the present leadership of the pension sector regulatory authority, the National Pension Commission (PenCom), is how to succeed in making every Nigerian with genuine means of livelihood enrol into the Contributory Pension Scheme (CPS). The commission said the overall aim is to ensure that at advanced age, every...

April 30, 2026
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23Apr

Can Nigeria’s N27 Trillion Pension Assets Rescue Its Aailing Health Sector?

Nigeria’s pension fund assets experienced an unprecedented 20% surge in 2025, reaching a total of N27.3 trillion (approximately KES 2.35 trillion) by the end of December. While this growth represents a significant triumph for the National Pension Commission (PenCom), a critical debate is now emerging: can these vast resources be diverted from financing government deficits to fixing Nigeria’s chronic healthcare financing gap? Currently, the overwhelming majority of these assets—over 65%—are invested in Federal Government of Nigeria (FGN) securities. While these...

April 23, 2026
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08Apr

Nigeria. Pension assets jump to N29.43 trillion in February 2026

Nigeria’s pension assets rose to N29.43 trillion in February 2026, marking a month-on-month increase of N1.39 trillion. This is according to the latest data released by the National Pension Commission (PenCom). The increase represents the strongest monthly expansion since the introduction of the Contributory Pension Scheme over two decades ago, surpassing the previous record of N1.18 trillion recorded in January 2024. What the data is saying  PenCom data showed that total pension assets increased from N28.04 trillion in January, driven by fresh contributions and...

April 8, 2026
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