Pension Assets Gain N164bn in One Month

The assets under the Contributory Pension Scheme gained N164bn in October after incurring a loss of almost N2bn in September.

According to a report by the National Pension Commission, the assets rose to N14.59tn in October from N14.424tn and N14.426tn as of the end of August.

The figure showed that N9.23tn of the funds was invested in Federal Government’s securities, N1.53tn in corporate debt securities, N2.17tn in money market instruments, and N65.68bn in mutual funds.