Nigerian pension fund managers increased in investments in government fixed-income securities in November 2020 as the country continued to face uncertainties amidst the coronavirus pandemic. shows that Pension Fund Administrators, PFAs, invested N8.14 trillion in federal government bonds in November, N293 billion more than the amount invested the previous month.
Nigerian funds for most of 2020 used fixed-income securities to try to work around the negative impact of the coronavirus pandemic, which weakened the naira and pushed the equities market’s main index, All Share Index, to an eight-year low.
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