Pension fund assets hit N11.57trn, rise by 11% in 1 year

Nigeria’s pension assets

Pension fund assets hit N11.57trn, rise by 11% in 1 year   The aggregate value of pension fund assets in Nigeria has recorded significant gain to hit N11.57 trillion after advancing by 11 per cent within a year. Despite the many challenges that characterized the year, pension fund assets in the country gained N1.76 trillion equivalent to 11 per cent growth in the last one year, growing from N9.81 trillion in October 2019 to N11.57 trillion at the end of September 2020. The huge gains, according to findings, was attributed…

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LCCI DG, Muda Yusuf identifies odds against pension fund’s assets growth

The Director General of the Lagos Chambers of Commerce and Industry (LCCI), Dr. Muda Yusuf, has lamented that low yield on fixed-income securities like  treasury bills at around one to two per cent and rising inflation currently at 13.71 per cent have continued  threaten real growth of pension fund assets in the near to medium term. Yusuf made the revelation while addressing pension and insurance correspondents in Lagos, recently. The LCCI boss, who advocated the de-risking of the real sector to entice more investors, said given their low risk nature, a large chunk…

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