Pension administrators trade 12,681 RSA accounts worth N47.78bn in Q1

RSA accounts

Pension administrators trade 12,681 RSA accounts worth N47.78bn in Q1     Transfer of Retirement Savings Accounts (RSA) among Pension Fund Administrators (RSA) in Nigeria hit a new height in the first quarter of 2021. Data obtained from the National Pension Commission (PenCom) by Business Metrics revealed that during the period, a total of 12,681 accounts valued at N47.78 billion were moved by their holders from one PFA to another. It is calculated that compared to the preceding fourth quarter (Q4) of 2020 when just 2,799 RSA account worth N18.9…

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PFAs stake N8.51trn pension funds on FGN securities

PFAs stake N8.51trn pension funds on FGN securities

PFAs stake N8.51trn pension funds on FGN securities   As pension assets rebound to surpass N12trn Appetite for federal government securities among Pension Funds Administrators (PFAs) in Nigeria has remained unmatched by other investment outlets available in the market. Pension funds staked on the federal government securities as at the end of March this year stood at N8.51 trillion, representing 68.96 per cent of total pension assets in the country. FGN bond HTM and Treasury billion accounted for N7.7 trillion and N721 billion while investment in the agency bond, sukuk…

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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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