PenCom Nigeria Pension Fund Report - January 2026
Summary
The National Pension Commission (PenCom) has published its unaudited report on the pension funds industry portfolio for January 2026. The report details the asset classes and their values across various pension funds, including existing schemes, retirees, and CPFA funds.
What changed
This document is an unaudited report detailing the pension fund industry portfolio in Nigeria as of January 31, 2026. It provides a breakdown of asset classes, including FGN Securities, Corporate Debt Securities, Money Market Instruments, Mutual Funds, and various types of bonds and equities, across different pension fund categories (Fund I through VI, Retiree Schemes, and Approved Existing Schemes). The report also includes comparative data for the previous net asset value and highlights growth or diminution in fund values.
While this report is primarily informational and does not impose new obligations, regulated entities such as Pension Fund Administrators (PFAs) and Custodians should review their asset allocations and performance against these industry benchmarks. Compliance officers should ensure internal records align with reported figures and use this data for strategic planning and risk assessment within their respective funds.
What to do next
- Review asset allocation and performance against industry benchmarks.
- Ensure internal records align with reported figures.
- Utilize data for strategic planning and risk assessment.
Source document (simplified)
₦ 'Million ₦ 'Million ₦ 'Million ₦ 'Million ₦ 'Million ₦ 'Million ₦ 'Million ₦ 'Million ₦ 'Million ₦ 'Million
TOTAL PENSION FUND VI EXISTING ASSET CLASSESTOTAL FGN SECURITIES 2,097,820.78 1,386,740.67 225,755.50 6,424,157.36 4,950,425.13 1,487,345.43 898.84 109,943.66 12,619.13 16,695,706.50CORP. DEBT SECURITIES 163,236.51 696,344.54 31,736.45 700,956.93 483,349.68 154,411.42 61.60 5,314.66 684.46 2,236,096.26MONEY MKT INSTR. 377,651.37 46,818.31 40,371.12 1,037,127.74 741,206.48 438,292.40 765.63 62,097.50 8,494.52 2,752,825.08MUTUAL FUNDS 11,440.70 15,828.24 11,345.78 145,007.44 44,581.27 6,413.41 0.00 5,511.10 369.59 240,497.52 CURRENT NET ASSET VALUE 3,289,659.55 2,696,692.76 476,618.27 11,856,330.03 7,188,609.60 2,272,517.37 1,814.11 229,529.63 24,677.42 28,036,448.74PREVIOUS NET ASSET VALUE 3,284,319.70 2,698,739.32 448,092.12 11,518,172.44 7,016,886.37 2,246,247.52 1,755.06 218,835.68 23,176.89 27,456,225.10RSA Membership as at January 2026 - 11,084,127FUND ASSETSRETIREESCHEMESAPPROVED EXISTING SCHEMES, CLOSED PENSION FUND ADMINISTRATORS AND RSA FUNDS (INCLUDING UNREMITTED CONTRIBUTIONS @CBN & LEGACY FUNDS) UNAUDITED REPORT ON PENSION FUNDS INDUSTRY PORTFOLIO FOR THE PERIOD ENDED 31 JANUARY 2026CPFAs FUND I FUND II FUND III FUND IV FUND V FUND VIDOMESTIC ORDINARY SHARES 331,732.50 96,903.58 132,948.72 2,809,220.60 776,588.27 101,805.03 17.13 40,170.78 844.25 4,290,230.86FOREIGN ORDINARY SHARES 0.00 262,998.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 262,998.68 * FED. GOVT BONDS (HTM) 1,006,981.63 613,085.58 182,644.34 5,646,249.88 4,345,941.73 1,289,606.92 675.80 72,008.05 6,326.00 13,163,519.93 * FED. GOVT BONDS (AFS) 894,177.60 750,231.57 28,483.68 460,539.71 333,822.08 33,088.20 61.19 9,036.98 480.25 2,509,921.27 * TREASURY BILLS 184,458.62 18,671.87 13,636.61 269,367.87 233,661.61 154,315.01 146.99 16,546.30 3,294.78 894,099.67 * AGENCY BONDS (NMRC) 165.24 4,751.65 14.14 4,414.29 281.71 57.07 0.00 0.00 0.00 9,684.10 * SUKUK BONDS (HTM) 7,970.57 0.00 709.24 38,735.20 25,552.58 8,533.60 4.66 11,186.45 2,392.91 95,085.20 * SUKUK BONDS (AFS) 1,232.44 0.00 8.92 656.06 2,009.12 206.15 0.00 856.96 125.18 5,094.83 * GREEN BONDS 2,834.67 0.00 258.57 4,194.36 9,156.29 1,538.48 10.20 308.93 0.00 18,301.50STATE GOVT SECURITIES 41,617.71 14,947.98 8,428.85 151,943.50 118,531.52 32,852.82 4.09 2,293.36 435.78 371,055.62 * CORPORATE BONDS (HTM) 146,113.65 11,708.47 30,206.96 667,441.53 458,265.98 132,341.37 61.60 4,825.32 652.21 1,451,617.08 * CORPORATE BONDS (AFS) 8,849.46 684,298.80 6.64 12,333.79 10,142.20 247.00 0.00 0.00 0.00 715,877.89 * CORPORATE INFRASTRUCTURE BONDS 8,273.41 337.27 1,522.86 20,576.61 14,683.44 21,823.05 0.00 172.23 32.25 67,421.13 * CORPORATE GREEN BONDS 0.00 0.00 0.00 605.00 258.05 0.00 0.00 317.11 0.00 1,180.16FIXED DEPOSIT/ BANK ACCEPTANCE 310,784.30 18,613.46 35,345.89 960,546.97 678,852.09 413,088.59 762.70 58,087.61 8,426.11 2,484,507.71COMMERCIAL PAPERS 40,005.59 1,609.29 4,922.21 75,851.67 62,162.45 25,193.14 2.93 3,969.38 68.41 213,785.07FOREIGN MONEY MKT INSTR. 26,861.48 26,595.56 103.03 729.11 191.95 10.66 0.00 40.51 0.00 54,532.30OPEN/CLOSE FUNDS 8,464.63 5,938.58 10,471.51 82,627.16 17,095.90 725.21 0.00 4,438.16 268.60 130,029.75REITs 2,976.07 9,889.65 874.27 62,380.28 27,485.37 5,688.20 0.00 1,072.94 100.99 110,467.77SUPRA-NATIONAL BONDS 1,897.08 0.00 96.65 25,504.72 4,162.28 676.54 0.00 38.89 0.89 32,377.05INFRASTRUCTURE FUNDS 25,749.29 14,265.82 11,195.59 240,850.74 0.00 0.00 0.00 263.13 0.00 292,324.56REAL ESTATE 105,569.61 64,473.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 170,043.26PRIVATE EQUITIES 14,331.14 70,186.83 2,964.82 154,370.90 0.00 0.00 0.00 0.00 0.00 241,853.68CASH & OTHER ASSETS 118,612.86 27,184.47 11,774.78 167,190.11 69,764.96 50,720.32 66.82 3,896.54 1,228.80 450,439.66GROWTH/DIMINUTION 5,339.84 -2,046.56 28,526.15 338,157.59 171,723.23 26,269.85 59.05 10,693.95 1,500.53 580,223.64
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