PFAs’ Exposure to Equities, Government Securities Drops to N23.31tn
Kayode Tokede Pension Fund Administrators (PFAs) reduced their combined exposure to quoted equities and Federal Government securities to N23.31 trillion as of June 2026, representing a decline of 2.68 per
The Pension Fund Administrators (PFAs) in Nigeria have reduced their combined exposure to equities and government securities to N23.31 trillion as of June 2026, marking a 2.68% decrease from the N23.95 trillion reported in May 2026. Despite this month-on-month decline, the National Pension Commission (PenCom) noted a significant increase in pension fund investments in both the stock market and government securities since the beginning of the year, driven by strong equity market returns and the relative safety of sovereign debt instruments.
By June 2026, PFAs' investments in quoted equities had climbed to N5.9 trillion, a 49.4% increase from N3.96 trillion at the end of December 2025, while their exposure to Federal Government securities rose by 6.5%, from N16.3 trillion to N17.4 trillion.
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