PenCom
March 12, 2024
The pension fund assets rose by N1.17 trillion to N19.53 trillion in Jan. 31, as against N18.36 trillion recorded in Dec. 31, 2023.
This is contained in the National Pension Commission’s (PenCom’s) unaudited report on the Pension Funds Industry Portfolio for the period ended Jan. 31.
According to PenCom N12.14 trillion of the fund was invested in the Federal Government’s securities.
On the breakdown, the commission said that N11.59 trillion was invested in bond, while treasury bills gulped N221.81 billion.
Others, it added, were agency bonds at N14.86 billion, N124.89 billion worth of Sukuk bonds and green bonds at N181.57 billion.
PenCom further said that the fund assets in United States Dollars value was N14.39 billion at an exchange rate of N1,356 per a dollar.
According to the commission, Retirement Savings Account (RSA) subscribers as at the period under review stood at 10.22 million.
