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Nigeria s Pension Industry Records Striking Growth in 2023; AUM Hits N18 4 Trillion

Nigeria s Pension Industry Records Striking Growth in 2023; AUM Hits N18 4 Trillion
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Contributory pension assets hits N17 66trn – Report

Contributory pension assets hits N17 66trn – Report
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Pension fund administratorsPension fund operators association of nigeriaNational pension commission pencom on unauditedContributory pension schemeNational pension commissionApproved existing schemesClosed pension fund administratorsFederal governmentRetirement savings accountsPension fund operators association

N130bn pension fund invested in infrastructure – PenCom

Part of the funds was also invested in domestic and foreign ordinary shares, federal and state governments’ securities, and money market

Pension fund administratorsNational pension commission on unauditedContributory pension schemeNational pension commissionExisting schemesClosed pension fund administratorsPension reform act

Contributory pension assets rise to N16 76tn

According to the figures, the assets rose from N14.99tn as of December 2022 to N16.76tn as of the end of June 2023.

Pension fund administratorsNational pension commissionContributory pension schemeNational pensionApproved existing schemesClosed pension fund administratorsFederal governmentSavings accounts

Pension funds investment in banks reduced: Nigeria

Pension funds investment in banks reduced: Nigeria
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Central bankPension fund administratorsNational pension commissionSyndigate media incPension funds administratorsContributory pension schemeNational pensionClosed pension fund administratorsRetirement savings fundsPension reform actTribune providedSyndigate media