• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 10, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Pension Assets Hit N21trn In August

by Zaka Khaliq
9 months ago
in Business
Pension
Share on WhatsAppShare on FacebookShare on XTelegram

Pension assets in Nigeria surged by N345 billion, reaching a total of N21 trillion in August 2024.

Advertisement

The contributory pension assets hit N21.14 trillion at the end of August 2024, as against N20.79 trillion recorded in July 2024, showing a N345.65 billion increase.

According to the latest data from the National Pension Commission (PenCom), the number of registered contributors, otherwise called Retirement Savings Account (RSA) holders also grew to 10, 457,073 at the end of August 2024, from 10,419,520 recorded in July.

The Nigerian government maintained its position as the lead borrower of pension funds, with allocation to FGN Securities hitting N13.40 trillion in August, with federal government bonds being the highest at N12.59 trillion.

Money market instruments followed with N2,04 trillion, while domestic ordinary shares followed with N1.94 trillion.

RELATED

Bolt Engages Riders, Policymakers On Safer Urban Mobility

Bolt Engages Riders, Policymakers On Safer Urban Mobility

8 minutes ago
Energy Stakeholders Discuss Funding For Local Industry Players

Energy Stakeholders Discuss Funding For Local Industry Players

12 minutes ago

Insurers eye growth from retail to beat headwinds

In the second quarter (Q2) 2024, total contributions moved into individual RSA holders was N 377 billion, with the public sector contributing N217 billion, while the private sector contributed N160.83 billion, according to PenCom data compiled by analysts at the Pension Fund Operators Association of Nigeria(PenOp).

In Q2 2023, public sector contributions were higher at N286.69 billion, while the private sector contributed N234.47 billion, showcasing strong performance from both sectors. By contrast, in Q2 2022, the public sector contributed N136 billion, and the private sector N101.96 billion, showing a steady but more modest increase in contributions.

Looking back at Q2 2021, both sectors contributed almost equally, with N97.17 billion from the public sector and N97.91 billion from the private sector.

This marked a year where the gap between sectors was minimal, signalling balanced pension remittances. In Q2 2020, the public sector contributed N118.50 billion, while the private sector’s contribution was lower at N70.69 billion, PenOp said.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Pension
SendShareTweetShare
Previous Post

More Reactions Trail New Petrol Pump Price

Next Post

Customs Generates N20bn At Ogun II Excise Command

Zaka Khaliq

Zaka Khaliq

You May Like

Bolt Engages Riders, Policymakers On Safer Urban Mobility
Business

Bolt Engages Riders, Policymakers On Safer Urban Mobility

2025/07/10
Energy Stakeholders Discuss Funding For Local Industry Players
Business

Energy Stakeholders Discuss Funding For Local Industry Players

2025/07/10
Keystone Bank Donates ICT Centre To Nursing, Midwifery College In Borno
Business

Keystone Bank Donates ICT Centre To Nursing, Midwifery College In Borno

2025/07/09
Wema Bank Set To Empower Women With ₦2m Grant At SheCan 6.0 Conference
Business

Wema Bank Set To Empower Women With ₦2m Grant At SheCan 6.0 Conference

2025/07/09
Dangote Refinery
Business

Dangote Refinery To End Crude Oil Imports By December

2025/07/09
Ending Multi-billion Naira Yearly Loss To Lagos Ports Traffic Gridlock
Business

Nigeria To Refloat National Shipping Line

2025/07/09
Leadership Conference advertisement

LATEST

Improving Mental Health Of Soldiers

Bolt Engages Riders, Policymakers On Safer Urban Mobility

Energy Stakeholders Discuss Funding For Local Industry Players

N1.3trn Fraud: Senate Probes CBEX, Others

Lawmakers Now Slaves To Executive – Pat Utomi

Again, Bandits Kill 13 In Niger

Nigeria Pharma Industry Targets $10bn, Medicine Security

Clash: 4 Killed In Anambra, Edo, Schools Shut

8-Member C’ttee Investigates Emir Sanusi’s Palace Attack

At Garba Shehu’s Book Launch, Tinubu Says He’ll Consolidate Buhari’s Reforms

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.