• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Thursday, December 7, 2023
  • Login
Business Post
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Pension

Pension Assets Brace Two Trillion Digits And Counting

Nwanne Ikemefune by Nwanne Ikemefune
February 5, 2021
in Pension
0 0
0
Pension Assets Brace Two Trillion Digits And Counting

Pension indeed

0
SHARES
45
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The cynosure of long term development, pension assets, got off the starting block in 1 January 2020 with N9.81 tr and rose to N12.29 tr in the closing second of December 31, 2020, pooling additional assets of N2.48 tn.

The National Pension Commission (PenCom) released data not only showed that contributory pension scheme assets increased by N2.48 tr it also captured the total retirement savings account RSA holders standing at 9.22 million at the end of 2020.

In line with pre determined order of investment the PFAs as at the end of December, had invested N8.13 tr in federal government’s securities. A breakdown of the fund showed that out of the N8.13 tr invested in FGN Securities, FGN Bonds got N6.83 tr; Treasury Bills N628.22 bn; Agency Bonds N9.49 bn; Sukuk N646.93 bn and Green Bonds N13.05 bn.

The rest of the investment pie showed that domestic ordinary shares got N858.46 bn; foreign ordinary shares N92.92 bn; state government securities N136.59 bn; corporate debt securities N836.34 bn; local money market securities N1.69 tr; foreign money market, N18.69 bn; infrastructure funds N66.43 bn; bank placements, N1.53 tr; commercial papers, N156.69 bn and cash and other assets N122.79 bn.

Previous Post

Insurers Conclude 2020 Q4 Clutching Commendable Results

Next Post

Sovereign Trust Pays N3bn Claims

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Leadway Pensure PFA , MD Lanre Idris, Honoured At The 2023 West Africa Innovation Awards
Pension

Leadway Pensure PFA , MD Lanre Idris, Honoured At The 2023 West Africa Innovation Awards

October 28, 2023
Image Spin: Insurance, Pension & Stakeholders Bare Minds At NAIPE 8th Confab
Insurance

Finance Expert Urges Govt To Position Pension & Insurance Sectors For Economic Development With Conducive Policies

September 18, 2023
NLC, Pensioners Surround FG With Persisting Retirees Hiccups Want Integrated Improved Welfare
Pension

NLC, Pensioners Surround FG With Persisting Retirees Hiccups Want Integrated Improved Welfare

September 11, 2023
Next Post
Olaotan Soyinka

Sovereign Trust Pays N3bn Claims

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

September 23, 2023
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

June 7, 2023
Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

April 13, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
PenCom Approves Mrs Okwuosa New Access Pension Fund Custodian MD

PenCom Board Back-To-Work Pass, Gets Tick Over

February 1, 2021
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
AIICO Seeks NSE’s Nod To Conduct  Rights Issue

AIICO Seeks NSE’s Nod To Conduct Rights Issue

0
Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

December 6, 2023
Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

December 5, 2023
Heirs Insurance Group Makes Uninterrupted 24hr Passport Production Possible In Lagos   

Heirs Insurance Group Makes Uninterrupted 24hr Passport Production Possible In Lagos  

December 5, 2023
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Claims Pump Diameter Enlarges, But NAICOM Wants More Enlarged, Viscous Pay

December 5, 2023
NAICOM Head office

Insurers Market Makes Home Stretch For N1tr Mark Gross Premium

December 1, 2023
Coronation Insurance Doubles Down That Insurance Is Key To Business Success

Coronation Insurance Doubles Down That Insurance Is Key To Business Success

December 1, 2023
Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

December 1, 2023
logo of the chartered insurance institute of nigeria CIIN logo

CIIN Sets The Stage For April 2024 Professional Examinations, Opens Registration

December 1, 2023
VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

November 21, 2023
Global Trade Credit Premium Volume Reaches USD 13.89 bn

Global Trade Credit Premium Volume Reaches USD 13.89 bn

November 17, 2023
ADVERTISEMENT

Recent News

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

December 6, 2023
Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

December 5, 2023
Heirs Insurance Group Makes Uninterrupted 24hr Passport Production Possible In Lagos   

Heirs Insurance Group Makes Uninterrupted 24hr Passport Production Possible In Lagos  

December 5, 2023
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Claims Pump Diameter Enlarges, But NAICOM Wants More Enlarged, Viscous Pay

December 5, 2023
NAICOM Head office

Insurers Market Makes Home Stretch For N1tr Mark Gross Premium

December 1, 2023
Coronation Insurance Doubles Down That Insurance Is Key To Business Success

Coronation Insurance Doubles Down That Insurance Is Key To Business Success

December 1, 2023
Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

December 1, 2023
logo of the chartered insurance institute of nigeria CIIN logo

CIIN Sets The Stage For April 2024 Professional Examinations, Opens Registration

December 1, 2023
VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

November 21, 2023
Global Trade Credit Premium Volume Reaches USD 13.89 bn

Global Trade Credit Premium Volume Reaches USD 13.89 bn

November 17, 2023
NAICOM Upturns Compulsory Insurance For Federal And State Governments

NAICOM Upturns Compulsory Insurance For Federal And State Governments

November 18, 2023
Basic Knowledge of Health Insurance Transforms Lives, Deflates Dependency And Debt – Coronation Life

Basic Knowledge of Health Insurance Transforms Lives, Deflates Dependency And Debt – Coronation Life

November 15, 2023
Coronation Life Xray’s Critical Illness Insurance, Clears Affordability Doubt

Coronation Life Xray’s Critical Illness Insurance, Clears Affordability Doubt

November 15, 2023
Outstanding Claims Publication, NIA Portal Route Supersedes, Media Outlets Follow

Outstanding Claims Publication, NIA Portal Route Supersedes, Media Outlets Follow

November 13, 2023
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel

Recent News

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

December 6, 2023
Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

December 5, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In