Nigeria’s Pension Assets grew to N14.59tn in October 2022

Recent report published by the National Pension Commission (Pencom) revealed that Nigeria’s pension assets rose to N14.589 trillion in October from N14.424 trillion as of the end of September. This represents a growth of N164.4 billion in October

The figure showed that N9.23 trillion of the funds was invested in Federal Government’s securities, N1.53 trillion in corporate debt securities, N2.17 trillion in money market instruments, N828 billion in domestic ordinary shares, N100.29 billion in foreign ordinary shares and N65.68 billion in mutual funds.

Source: Nigeria’s Pension Assets grew to N14.59tn in October 2022 – StocksWatch (stocksng.com)

Related Posts

15

Sep
Business & Economy

NGX ASI rebounds with 1.13% growth WtD, investors gain N985bn

The Nigerian stock market rebounded last week after four consecutive sessions of losses, posting a ₦985 billion gain on the back of price growth in 70 equities. The All-Share Index (ASI) advanced by 1.13%, closing at 140,545.69 points, compared to 138,980.01 points in the previous week. Similarly, market capitalization rose by 1.12% to settle at ₦88.922 trillion, […]