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Chuks Udo Okonta
The pension fund assets gained N100.57 billion between August and September 2021, moving from N12.90 trillion to N13.00 trillion.
This was revealed in data obtained from the National Pension Commission (PenCom). According to the pension industry regulator, the value of the N13.00 trillion pension fund in United States Dollars at an exchange rate of N410.30/$ amounted to $31.69 billion.
PenCom maintained that N8.22 trillion out of the N13.00 trillion had been invested in Federal Government securities which include FGN bonds; treasury bills; agency bonds; Sukuk and green bonds.
