Nigerian Pension Fund Administrators (PFAs) increased investment in the Nigerian stock market to N1 trillion in May, up from the N999 billion they closed April with. The investment value rose by N8.73 billion month-on-month, IgbereTV reports
The PFAs have invested N84.69 billion in the capital market year-to-date. This is an increment of 9.25% when compared to the N915.31 billion the pension managers held in the Nigerian bourse early January
According to the pension funds industry unaudited report for May 2022, investment in the stock market grew alongside the total asset under management, which hit N14.19 trillion, its highest level
