Media Pension Funds grew by N349bn in January Report
 
 

Pension Funds grew by N349bn in January Report

2025-04-21 01:45:03| Spiritual Career Counseling

Nigerias pension funds industry recorded a significant growth of N349.25bn in January 2025, according to an unaudited report on the pension funds industry portfolio for the period ended 31 January 2025.According to the report released by the National Pension Commission, the 1.54 per cent propelled the total net asset value of pension funds to N22.86tn by the end of the reporting period from N22.51tn as of December 2024.Year-on-year, this is a N3.33tn or 17.05 per cent rise from N19.53tn as of January 2024.The pension industry closed out the 2024 financial year with N22.512tn in net asset value and 10,582,299 in retirement savings accounts. The report, covering approved existing schemes, closed pension fund administrators and retirement savings accounts, including unremitted contributions at the Central Bank of Nigeria and legacy funds, indicates a positive trajectory for the nations pension assets.This growth is a combined result of the performance across various pension fund types,...


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Man killed in gas blast as '5 houses hit' after locals heard 'almighty bang'

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The terrifying incident happened in Worksop on Saturday evening as one witness said she was absolutely 'petrified' after hearing the blast while she was in her gardenNewsSteven White11:29, 13 Apr 2025Updated 14:24, 13 Apr 2025Residents speak at scene of a house explosion in WorksopA man has tragically died in a huge house blast that saw several properties damaged. Residents in the Midlands recalled how they feared for their lives following the suspected gas explosion on Saturday evening (April 12).Police declared a major incident on a residential street in Worksop, Nottinghamshire as at least five homes were badly hit in the shocking incident. Several houses were evacuated as emergency services rushed to the scene on John Street not long after 7:30pm.Article continues belowThis morning (April 13), police confirmed the body of a man, in his 50s, had been found in the house.Nottinghamshire Police said emergency services treated the man but he sadly died at the scene.Chief Inspector Cliv...


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