Nigerian PFAs Boost Equity and Government Securities to N23.87tn

As of April 2026, Pension Fund Administrators (PFAs) in Nigeria have raised their exposure to equities and government securities to N23.87 trillion, marking an increase of N3.58 trillion or 17.65% from N20.29 trillion at the end of 2025. According to a report from the National Pension Commission (PenCom), investments in equities climbed to N6.5 trillion, a 64.68% increase from N3.95 trillion in December 2025.

Similarly, investments in federal government securities rose to N17.36 trillion from N16.33 trillion, an increase of N1.02 trillion or 6.3%. This growth underscores the increasing confidence of pension managers in the Nigerian stock market, driven by improved corporate earnings and favorable macroeconomic conditions.

The pension industry’s net asset value reached N30.94 trillion in April 2026, with government securities accounting for 77.15% and equities 21%. The yield on treasury bills ranged from 12% to 22%, attracting institutional investors and supporting strong investor confidence amid efforts to manage inflationary pressures.