Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
PFAs invest N7.43tr in Fed Govt securites in Q2
PFAs invest N7.43tr in Fed Govt securites in Q2
September 28, 2020

[/url][Image: Acting-Director-General-PenCom.jpg]

Acting Director General, PenCom,



OF the pension fund assets worth N11.09 trillion recorded by Pension Fund Administration (PFAs) in the Second Quarter of the year, about N7.43 trillion or 67 per cent, was invested in Federal Government Securities, the Acting Director-General, National Pension Commission (PenCom), Mrs Aisha Umar-Dahir, has said.

She made this known in a document on pension fund investment released over the weekend entitled: “PenCom Second Quarter 2020 Report”, obtained by The Nation.

She stated that the 67 per cent investment Federal Government Securities was traded with an allocation of 57 per cent in FGN Bonds, nine per cent in Treasury Bills, one per cent in Sukuk Bonds, while less than one per cent was allocated to Agency Bonds and Green Bonds.

She said the value of investments in Domestic Quoted Ordinary Shares was N524.77 billion, which represents five per cent of the assets under management as at June 30, an increase of N82.82 billion or 18.74 per cent compared to the value of N441.94 billion as at March 31, 2020.

She said the increase in the value of investments in domestic quoted equities, was primarily due to the appreciation of some stocks prices during the reporting period, as the Nigerian Stock Exchange All Share Index (NSE-ASI) appreciated by 15.05 per cent from 21,300.47 basis points as at March 31, 2020 to 24,479.22 bps as at June 30, 2020.

Mrs Dahir-Umar stated that the value of investments in FGN Bonds increased by N706.41 billion, or 12.60 per cent, FGN Sukuk by N27.43 billion and Agency Bonds by N0.52 billion, while investments in Treasury Bills decreased by N297.53 billion or 22.58 per cent.

She explained that the reduction in the value of the Treasury Bills was due to maturities and reallocation to other asset classes, mainly FGN Bonds and other Money Market Securities.

She added that the total value of pension fund assets based on unaudited valuation reports grew from N10.33 trillion as at March 2020 to N11.09 trillion as at June, 2020, representing a growth of 7.36 per cent, noting that the growth was mainly due to market valuation of quoted equities.

Possibly Related Threads...
Thread Author Replies Views Last Post
  Govt halts retrenchment of 300 Arik Air staff Edoman 0 114 12-11-2020, 12:38 PM
Last Post: Edoman
  Emirates to parley Fed Govt on flight ban Edoman 0 168 09-25-2020, 01:44 PM
Last Post: Edoman
  Flights: Only 3-day old COVID-19 results acceptable – Nigerian govt Edoman 1 240 09-14-2020, 12:01 AM
Last Post: Mueeidkhatri
  ‘Fed Govt, states, councils shared N3.88tr in six months Edoman 1 222 09-13-2020, 11:58 PM
Last Post: Mueeidkhatri
  Federal Govt announces plans to spend $2.3b on 7,000Mw power generation Edoman 1 199 09-13-2020, 11:57 PM
Last Post: Mueeidkhatri
  COVID-19: Nigerian govt gives update on resumption of international flights Edoman 1 971 08-18-2020, 07:23 PM
Last Post: jvmajjusas
  Fed Govt earns N651.7b from VAT in six months Edoman 0 212 07-28-2020, 06:25 PM
Last Post: Edoman
  Fed Govt okays N10.5b for ports Edoman 0 235 07-23-2020, 08:04 PM
Last Post: Edoman

Users browsing this thread: 1 Guest(s)


About contripeople

Contripeople forum description.

              Quick Links

              User Links