The Nigerian equities market has rallied strongly, with blue chips outperforming, and the all-share index up by 9.2% since the CBN's OMO ban.
The CEO of Sigma Pensions Limited, Dave Uduanu, said Pension Fund Administrators in Nigeria are going to have a really difficult year.
The Pension Fund Administrators have increased investments in infrastructure to N40.52 billion, according to the latest PenCom's monthly report.
Following a bearish run in 2019, with a negative return of 14.6%, the local bourse began the year on a positive note.
PenCom has discontinued Death Benefits Account (DBA) for deceased employees under the contributory pension scheme.