Investment Returns On Pension Fund Assets Hit N2.7trn

While investment of pension fund in fixed deposits took the larger chunk of this investment accounting for N2trillion, commercial papers accounted for N157.7billion even as foreign money market instrument was N39.9billion as at the end of July, 2022.

Findings show that pension fund operators are gradually divesting the proceed of their matured bonds into the bank placements due to volatility in the bond market. Responding to LEADERSHIP enquiry on the attraction of Pension Fund operators to bank placements in the current year, the head, Branding Committee of the Pension Fund Operators Association of Nigeria, Mrs. Idu Okwuosa, said, the increased investment in bank placements by operators was as a result of the lull in the bond market as the process of the matured bonds find their way into this investment class.

Noting that safety is the first option adopted when investing in any asset, he maintained that, as part of efforts to grow the pension fund assets, operators are eyeing other alternative investment options aside from the government bonds and treasury bills.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alaghodaro 2022: Tax Reforms, Investment Promotion, Tech Innovation, Others Top Discourse at Edo Summit – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Obi’s investment for Anambra now worth next to nothing, says Soludo | TheCableChukwuma Soludo, governor of Anambra, says investments made by Peter Obi, his predecessor, for the state are now 'worth next to nothing'. Soludo an acclaimed economics telling the world that a multi national company left in his care is worthless is political. If the investment is worthless, soludo should sale it for 1naira. Then soludo should tell anambra how much he as a governor have invested for anambra. TinubuTheDrugDealer
Source: thecableng - 🏆 2. / 80 Read more »

Obi investment in Anambra next to nothing – SoludoThe Governor of Anambra state, Prof. Chukwuma Soludo, has said the alleged investment of the presidential candidate of the Labour Party, Peter Obi, in the state government is worth next to nothing. Lol , very useless. ObiDatti023 Obidatti2023 ObiDattiInMakurdi Soludo is very desprate for power and his pained that obi is more successful than him . manage this one tenure 2nd term we will remind him he is next to nothing
Source: MobilePunch - 🏆 8. / 63 Read more »

Over 4m Nigerians to Benefit from UK’s £95m Investment Plan – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »