MON AUG 04 2025-theGBJournal| Nigeria’s pension fund industry maintained its upward trajectory in June 2025, with total assets under management rising to N24.63 trillion.
This reflects a 2.17% increase from N24.11 trillion recorded in May 2025 and a robust 20.24% year-on-year growth, according to latest data released by the National Pension Commission (PenCom).
The consistent rise underscores sustained investor confidence, strategic asset reallocation, and stronger market performance, particularly within domestic equities and government securities.
One of the key drivers of the industry’s growth was the performance in domestic ordinary shares, which surged by N333.05 billion or 12.12% month-on-month to N3.08 trillion, now accounting for 12.5% of total pension assets.
Federal Government of Nigeria (FGN) securities retained their dominance, accounting for over 61% of total pension assets. This asset class rose by N232.96 billion or 1.56% to N15.19 trillion in June.
On the other hand, corporate debt securities declined by 1.26%, with the total value dropping to N2.26 trillion.
Meanwhile, the money market segment contracted by 3.16% to N2.24 trillion as PFAs moved funds towards more rewarding investments.
Fixed deposits saw a sharper decline of 7.10%. Interestingly, Commercial Papers rose by 32.98% to N342.65 billion, reflecting growing interest in short-term instruments. In contrast, foreign money market instruments dropped significantly by 24.69%, the most pronounced decline across all investment types.
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