Nigeria’s pension fund industry recorded modest growth in August 2025, as total assets under management (AUM) rose by 0.38% to N25.90 trillion, up from N25.80 trillion in July, according to the National Pension Commission (PenCom).
The N97.88 billion increase highlights the sector’s resilience despite mixed market conditions and portfolio rebalancing by fund managers.
FGN securities remained the dominant asset class, accounting for 61.11% of total assets. Holdings climbed 1.14% to N15.82 trillion, boosted by FGN bonds, treasury bills, and green bonds, which surged 17.89% — the strongest percentage gain. However, Sukuk bonds plunged 61.51%, reflecting maturities and reallocation strategies.
Equities posted mixed results. Domestic shares fell 4.40% (N165.99 billion) to N3.61 trillion, underscoring bearish sentiment in Nigeria’s stock market, while foreign equities rose 2.27%, showing cautious diversification abroad.
Money market instruments grew 1.91% to N2.41 trillion, driven by commercial papers (+8.40%) and foreign money market instruments (+12.44%). Meanwhile, mutual funds surged 10% to N226.49 billion, with open/close-end funds soaring 35.60%.
On a year-on-year basis, pension assets rose 22.52%, gaining N3.38 trillion between August 2024 and August 2025, largely supported by higher contributions and revaluation of holdings.
RSA membership also expanded by 0.44%, from 10.83 million in July to 10.88 million in August, reinforcing steady industry growth.
