The Pension Fundsinvestments in Federal Government FG Securities rose by 18.7 Year-on-Year, YoY, in the first quarter 2025, Q125 to N14.48 trillion from N12.20 trillion in the corresponding period of 2024, Q124.
This was disclosed in the latest pension funds industry portfolio report from the National Pension Commission, PenCom, detailing activities in the sector for the first quarter of the year ended March 31, 2025.
Market operators attributed the rise in the investments in FGN securities to the high Monetary Policy Rate, MPR, regime established by the Central Bank of Nigeria, CBN, over the last six months as well as the relatively low risk factor of the securities.
Notably, due to the rising inflationary trend, the CBN had continuously retained MPR at 27.5 since December 2024, which is the bench mark interest rate for government and other corporate securities in the country.