Pension Fund Administrators (PFAs) reduced their combined exposure to quoted equities and Federal Government securities to N23.31 trillion as of June 2026, a decline of 2.68% from the previous month. The National Pension Commission (PenCom) reported that the decrease amounted to N642.65 billion. Despite the monthly decline, pension fund investments in these assets have increased significantly since the beginning of the year. This reflects the appeal of strong equity market returns and the relative safety of sovereign debt instruments.
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