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PENSION FUND ASSETS
The devaluation of the Naira has exerted a substantial influence on the net asset value of pension fund assets in Nigeria over the past year.
Pension fund managers redeemed treasury bills worth N512 million Naira in the two months combined but did not invest any additional kobo into treasury bills within the same period.
The Pension Fund Administrators have increased investments in infrastructure to N40.52 billion, according to the latest PenCom's monthly report.
Nigeria’s pension asset grew by N228 billion in October 2019 to end the month with an asset value of N9.81 trillion.
The total pension fund assets in Nigeria has risen to N8.14 trillion.