BY NKECHI NAECHE ESEZOBOR— The National Pension Commission (PenCom), has announced 2.76% increase in its pension fund assets for the third quarter (Q3) of 2019.
The commission made this known when it released its report on pension fund assets, that its asset for the third quarter of 2019 showing that the total value of pension assets rose quarter on quarter (q-o-q) by 2.76% to N9.58 trillion in September 2019 from N9.33 trillion in June 2019.
According to the report, most of the pension fund assets were invested in FGN securities as its share of the total assets stood at 71.43% (or N6.84 trillion) in September 2019, from a 69.55% it printed in June 2019.
