Essayer OR - Gratuit
PenCom to Enforce Pension Compliance Through Vendor and Investment Restrictions
The Business NG
|The BusinessNG
In a major step to boost compliance and expand the coverage of the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom) has directed all Licensed Pension Fund Operators (LPFOs)-including Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to stop engaging with vendors or service providers that fail to remit pension contributions for their employees.
-
Under the new directive, LPFOs must only enter into or renew service-level or technical agreements with companies that present a valid Pension Clearance Certificate (PCC) issued by PenCom. The directive is part of intensified regulatory efforts to ensure strict enforcement of Section 2 of the Pension Reform Act (PRA) 2014, which mandates all employers in both public and private sectors-including Federal, State, and Local Governments to participate in the CPS and remit pension contributions no later than seven working days after salary payments.
Cette histoire est tirée de l'édition The BusinessNG de The Business NG.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Business NG
The Business NG
Nigeria Collects N55Trn, Borrows N152Trn in Two Years, SMEs Struggle
Nigeria's fiscal policies over the past two years—from mid-2023 to mid-2025—have revealed a stark imbalance: the government has collected and borrowed massive sums but delivered little to the real economy. While billions flow into federal coffers, the country's productive sectors, particularly small and medium enterprises (SMEs), continue to struggle.
1 min
The BusinessNG
The Business NG
NNPC to Undergo Major Shake-Up to Boost Oil Output
The Federal Government has hinted at plans to restructure the Nigerian National Petroleum Company Limited (NNPC) as part of a broader effort to reverse the country’s falling crude oil production and restore investor confidence in the upstream sector.
1 min
The BusinessNG
The Business NG
Lottery Law Sparks Showdown Between Lagos and National Assembly
The simmering clash between the Lagos State Government and the National Assembly has taken a legal turn, as Lagos moves to commence contempt proceedings against federal lawmakers for allegedly violating a Supreme Court judgment on the control of lottery and gaming in Nigeria.
1 min
The BusinessNG
The Business NG
Investors, Traders Panic as Trump's Threat Hits Market Confidence
●NGX Witnesses Sell-Off, Loses N2.8trn
1 min
The BusinessNG
The Business NG
Parents, Students Panic Over Sudden 2026 WAEC Subject Change
Air Force School Raises Alarm Over New Subjects
1 min
The BusinessNG
The Business NG
Naira Sustains Strength, Trades Below N1,450/$, N1,900/£ in Market Rally
The Nigerian Naira continued its impressive rebound against major foreign currencies this week, maintaining a strong position against the British pound sterling and holding steady against the U.S. dollar at the official market.
1 min
The BusinessNG
The Business NG
Soludo Wins Decisive Victory in Anambra Governorship Election
The Independent National Electoral Commission (INEC) has announced the final results of the Anambra governorship election, confirming a decisive win for Charles Soludo of APGA.
1 min
The BusinessNG
The Business NG
NGX Plans to Extend Trading Hours for Flexible Market Schedule
The Nigerian Exchange Limited (NGX) has proposed amendments to its trading rules to allow greater flexibility in market hours and strengthen liquidity across the capital market.
1 min
The BusinessNG
The Business NG
Tinubu Seeks N1.15 Trillion Domestic Loan to Bridge 2025 Budget Gap
President Bola Tinubu has requested the National Assembly's approval to raise N1.15 trillion through the domestic debt market to fund a shortfall in the 2025 federal budget.
1 min
The BusinessNG
The Business NG
Many Feared Dead, Others Missing as Suspected Herdsmen Attack Ohimini, Benue
Several villagers are feared dead, while many others remain missing following a suspected herdsmen attack on Anwule community in Oglewu, Ohimini Local Government Area of Benue State. BusinessNG gathered that
1 min
The BusinessNG
Listen
Translate
Change font size