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Pension Funds grew by N349bn in January Report
2025-04-21 01:45:03| Spiritual Career Counseling
Nigerias pension funds industry recorded a significant growth of N349.25bn in January 2025, according to an unaudited report on the pension funds industry portfolio for the period ended 31 January 2025.According to the report released by the National Pension Commission, the 1.54 per cent propelled the total net asset value of pension funds to N22.86tn by the end of the reporting period from N22.51tn as of December 2024.Year-on-year, this is a N3.33tn or 17.05 per cent rise from N19.53tn as of January 2024.The pension industry closed out the 2024 financial year with N22.512tn in net asset value and 10,582,299 in retirement savings accounts. The report, covering approved existing schemes, closed pension fund administrators and retirement savings accounts, including unremitted contributions at the Central Bank of Nigeria and legacy funds, indicates a positive trajectory for the nations pension assets.This growth is a combined result of the performance across various pension fund types,...
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