Total Pension Fund Assets in Nigeria Hits N10.5trn—PenCom: The National Pension Commission (PenCom) has disclosed that the total pension fund assets in Nigeria stands at N10.5 trillion as at February 2020.
PenCom stated this in its monthly report, which detailed the summary of pension fund assets as at February 29, 2020.
According to the pension sector regulator, Retirement Saving Account (RSA) retiree fund, which has been reclassified in the multi-fund structure, stood at: Fund I, N24.2 billion; Fund II, N4.6 trillion; Fund III, N2.7 trillion; Fund IV, N829 billion and newly introduced Fund V, N7.8 million.
It noted that Closed Pension Fund Administrators Fund (CPFAs) amounted to N1.3 trillion and Existing Schemes (ES), N1.1 trillion.
A breakdown of the investment, according to the commission, revealed that N532.5 billion (5.1 percent) was invested in domestic ordinary shares; N65.04 billion (0.5 percent) in foreign ordinary shares.
FGN bonds got N5.6 trillion (53.4 percent); treasury bills, N1.4 trillion, (13.0 percent); agency bond (NMRC & FMBN) N11.8 billion, (0.11 percent); Sukuk bonds, N84.4 billion, (0.8 percent) and green bonds, N13.8 billion (0.13 per cent).
PenCom maintained that state government securities gulped N141.1 billion, (1.34 percent), corporate bonds, N615.4 billion, (5.9 percent); corporate infrastructure bonds, N20.23 billion, (0.19 per cent); corporate green bonds, N26.7 billion, (0.25 percent); bank placement N1.5 trillion, (14.1 percent); commercial papers, N125.9 billion, (1.2 percent) and real estate properties, N219.7 billion, (2.1 percent).
Other classes of assets include, supra-national bonds, N2.7 billion, 0.25 per cent); open/close end funds, N19.3 billion, 0.18 percent); mutual funds, N29.9 billion, (0.18 percent); private equity fund N38.4 billion, (0.37 percent); infrastructure fund, N47.3 billion, (0.45 percent); foreign money market securities N7.8 billion, (0.07 percent); Reits, N10.7 billion, (0.10 percent) and cash & other assets, N64.9 billion, (0.62 percent).
GOOD DAY SIR/MA
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INTRODUCTION
Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
CONTACT NAME:- ELIZABETH TINA
HOT LINE:+2349036369810
ITS SIMPLE HERE !!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly.
+2349036369810
Note:you get credited in less than 45mins.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem. 🙏 🙏 🙏.
Why is it too hard for someone to access his fund even after meeting up all the criteria and bringing all the necessary requirement. It rather end of as a blame game pension company will keep telling you that they are waiting for approval from pencom.