PenCom approves foreign currency pension contributions for Nigerians abroad
[NigerianEye - Nigeria] - 26/09/2025
The National Pension Commission (PenCom) has approved new rules allowing Nigerians abroad and foreign workers in Nigeria to contribute to pension funds in foreign currency. The new regulations apply to Nigerians living and working abroad and employees of foreign companies and international organisations in Nigeria not covered by the Pension Reform Act 2014. According to the regulation, foreign currency pension contributors will receive their retirement benefits in dollars, either through en bloc payment or programmed withdrawal. The commission said Nigerians and foreigners working in (…)
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