• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, July 28, 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 Grow 20% To N17.4trn

by Zaka Khaliq
2 years ago
in Business
Pension
Share on WhatsAppShare on FacebookShare on XTelegram

The pension industry has recorded a 20 per cent year-on-year growth to N17.4 trillion at the end of September 2023.

Advertisement

Recent updates from the National Pension Commission (PenCom), according to analysts from FBNQuest Capital Research highlight the positive trajectory in the regulated pension industry.

According to the latest monthly data, the industry’s asset under management (AUM) experienced robust growth of 20 per cent y/y to N17.4 trillion as at end-Sep 23.

This represents a notable increase of N2.9 trillion in absolute value terms, while on a month-to-month (m/m) basis, the industry’s total assets were modest at 0.3 percent m/m, compared with the nearly +1% m/m growth it recorded the previous month, the analysts said.

“The marked y/y growth was primarily driven by a 23 percent y/y increase in the value of N bonds to N10.9 trillion, accounting for 63 percent of the total AUM.

RELATED

Nigerians Groan As SIM Registration, Swap Halted Over NIMC System Migration

NIMC Cautions Against Selling, Sharing Personal, NIN Data To Fraudsters

7 hours ago
Eterna Plc Reports Strong FY 2024 Performance

Eterna Plc Reports Strong FY 2024 Performance

8 hours ago

FBN Quest further noted that unlike other markets such as Kenya and South Africa, where the asset allocation is more diverse, Nigerian PFAs allocate most of their assets to FGN bonds due to strict statutory requirements and limited market depth of other asset classes.

PFAs’ asset allocation to corporate debt has been gradually increasing, up by 25 per cent y/y, or N369 billion to almost N1.9 trillion.

The industry’s asset allocation to domestic equities is up 58 percent y/y to N1.4 trillion, thanks to the solid positive performance of the equity market this year, which has resulted in the Nigerian Stock Exchange All-Share-Index (NGX ASI) delivering a year-to-date return of a 38.8 percent.

In contrast, asset allocation to money market funds fell by -22 percent y/y, or N470 billion, to about N16 trillion.

Regarding the growth of the individual funds, the RSA Fund I grew the fastest with a y/y growth of 102 percent y/y growth to N133 billion.

However, the RSA Fund II delivered the most significant absolute performance of NGN1.2trn to take the Fund’s total AUM to N7.5 trillion.

Based on a total RSA of slightly over 10 million account holders, the total pension AUM translates to roughly N1.7m per account holder.


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

15-year-old Girl Wins UBA Foundation NEC 2023

Next Post

NNPC Targets N2trn Profit From 2022 Operations

Zaka Khaliq

Zaka Khaliq

You May Like

Nigerians Groan As SIM Registration, Swap Halted Over NIMC System Migration
Business

NIMC Cautions Against Selling, Sharing Personal, NIN Data To Fraudsters

2025/07/27
Eterna Plc Reports Strong FY 2024 Performance
Business

Eterna Plc Reports Strong FY 2024 Performance

2025/07/27
Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa
Business

Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa

2025/07/27
ASIS 4.0: Stakeholders Pledge Collaboration To Unlock Africa’s Potential
Business

ASIS 4.0: Stakeholders Pledge Collaboration To Unlock Africa’s Potential

2025/07/27
Caverton Champions Sustainable Marine Mobility With Award-winning Research
Business

Caverton Champions Sustainable Marine Mobility With Award-winning Research

2025/07/27
CORBON Inducts 420 Registered Builders, Announces Competition
Business

CORBON To Register, Train Additional Cadres Of Building Artisans

2025/07/27
Leadership Conference advertisement

LATEST

Firm To Create 10,000 Jobs For Osun Youths

Abuja Newspapers Distributors’ President Reelected

YPP Remembers Ifeanyi Uba 1 Year After Demise

Ododo To Support ACReSAL Projects

Shettima Leaves For 2nd UN Food Summit In Ethiopia

Lawyer Petitions NAF Chief Over Invasion Of Disputed Property

FCT Department Pledges Adherence To Due Process In Resttlement Scheme

Rotary Clubs Launch Maternal, Child Health Outreach At Durumi IDP Camp

130 Policemen, Guards Killed Fighting Banditry In Katsina

NIMC Cautions Against Selling, Sharing Personal, NIN Data To Fraudsters

© 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.