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Pension assets soared to N12.3 trillion in December 2020

Visit TradeNaira for more business news.

 

The National Pension Commission (PenCom) December report has uncovered a critical expansion in resources under administration to N12.3trillion, which addressed year-on-year development of 20%.

 

As of December 2019, interests in the Federal Government of Nigeria Securities represented 72% of the complete annuity's resources.

As of December 2020, interests in FGN Securities represented 66% of the all-out benefits' resources reserve, out of which 84% was put resources into bonds and a negligible eight percent in depository bills.

 

The interests in FG securities addressed 56% of the all-out benefits resources reserves. The restored and expanded interest in FG securities is ascribed to the engaging quality of FG securities yields over TBs.

 

As of December 2020, just N80.54 million was contributed under the most current retirement bank account (RSA) store (Fund V) – explicitly made for miniature benefits.

 

One hour ago, Valency Agro quoted ₦5.12 billion series I CP on the FMDQ platform.

 

 Two hours ago, PFA urged asset diversification to hedge market volatility.

Three hours ago, Sovereign Wealth Fund: If Nigeria were Malaysia.

 

Click here for more Nigeria business news.

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