Nigeria: Retirement, Superannuation & Pensions

Job rotation is the method of moving staff between different departments to give them exposure to various functions and aspects of a business undertaking, while enhancing their skills and professional development

In today's increasingly competitive business environment, many organisations are under pressure to reduce operational costs and improve financial efficiency. One area that has come under scrutiny is employee benefits...

The recent licensing of Awabah as the first Accredited Pension Agent (APA) by the National Pension Commission (PenCom) marks a significant evolution in Nigeria’s pension landscape. This initiative aims to enhance pension coverage, particularly for self-employed individuals and workers in the informal sector, who hitherto faced barriers in accessing pension systems. In addition, recognizing the role of intermediaries introduces a system of compliance and accountability that is vital for ensuring

In Nigeria, employment contracts play a vital role in establishing a clear understanding between employers and employees regarding the terms and conditions of their working relationship.

On December 3, 2024, the National Pension Commission ("PenCom"), in a circular referenced "PenCom/TECH/ISD/2024/403"...

Perhaps one of the most important tasks for every government in the world is to provide the enabling framework for social security, which may include retirement benefits, health insurance, and disability cover for its citizens.

Nigeria's Pension Regulator, Pencom, has recently issued regulations permitting pension funds to co-invest in private equity funds with

The National Pension Commission (PenCom or "the Commission") recently issued a Revised Regulation on the Administration of Retirement and Terminal Benefits ("the Revised Regulation").

The Contributory Pension Scheme (CPS or "the Scheme") regime in Nigeria was established by the Pension Reform Act (PRA) 2004 amended in 2014.