Nigeria’s pension assets rose to N29.43 trillion in February, representing a monthon-month increase of N1.39 trillion. This is according to data released by the National Pension Commission (PenCom).

The latest figure represents the strongest monthly expansion recorded since the introduction of the Contributory Pension Scheme (CPS) over two decades ago, surpassing the previous high of N1.18 trillion posted in January 2024.

PenCom data showed that total assets grew from N28.04 trillion in January, driven largely by fresh inflows and valuation gains, particularly in the equities segment. Investment in domestic equities rose to N5.41 trillion, underscoring pension funds’ increasing participation in the Nigerian stock market.

However, foreign equity exposure remained relatively low at N261.99 billion, reflecting a cautious stance by fund managers amid global economic uncertainties. Further breakdown indicated that allocations to non-sovereign debt instruments also increased, with corporate debt securities rising to N2.25 trillion, while investments in state government bonds stood at N368.99 billion.

The data also revealed sustained liquidity within the system, as money market instruments climbed to N2.74 trillion. Fixed deposits and bank acceptances accounted for N2.50 trillion, while commercial paper investments stood at N209.23 billion.