NGX Pension Index Surges 6,677.28 Points Amid Tech-Driven Reforms
The Nigerian Exchange (NGX) Pension Index experienced a significant climb of 6,677.28 points in September, driven by tech-driven reforms. The index reached a remarkable point on Friday, showing a 26% increase from the previous month.
This performance is notable amidst a challenging macroeconomic environment. The NGX Pension Index tracks the performance of the pension industry and reflects the activities in the sector.
The positive trend is attributed to the strong performance of domestic equities and government securities, with total assets under management growing to trillions by June 2025. The National Pension Commission (PenCom) has embarked on reforms to boost investor confidence and enhance the overall objective of the regulator.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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