Nigeria Pension Fund Monthly Industry Summary - ₦29.4 Trillion

PenCom Nigeria Media

Published February 28th, 2026

Detected April 3rd, 2026

Summary

The National Pension Commission (PenCom) Nigeria released its monthly industry summary for February 2026, reporting total pension fund assets of ₦29.4 trillion (₦29,426,301.32 million). The pension industry covers 11,134,223 RSA (Retirement Savings Account) memberships across approved existing schemes and closed pension fund administrators.

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What changed

This monthly industry summary presents unaudited pension fund portfolio data as of 28 February 2026, broken down across Fund I through Fund VI and CPFAs. Total current net asset value stands at ₦29.4 trillion, representing growth of approximately ₦1.4 trillion from the previous month's ₦28.0 trillion. Asset allocation spans domestic ordinary shares (₦5.4 trillion), Federal Government Bonds including HTM and AFS categories (₦15.8 trillion combined), corporate bonds, fixed deposits, real estate, infrastructure funds, and other instruments.

This is a statistical reporting document with no compliance requirements or deadlines. Fund managers, pension fund administrators, and employers participating in the pension system may use this data for market analysis and compliance monitoring. No regulatory action is required in response to this notice.

Source document (simplified)

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TOTAL PENSION FUND VI EXISTING ASSET CLASSESTOTAL FGN SECURITIES 2,103,959.29 1,422,787.03 234,679.83 6,514,022.39 5,007,548.91 1,517,025.87 872.63 111,139.17 12,977.88 16,925,013.00CORP. DEBT SECURITIES 163,721.30 695,200.99 31,792.69 705,121.45 493,708.78 155,485.90 62.45 5,375.36 693.26 2,251,162.18MONEY MKT INSTR. 389,842.54 63,804.16 58,885.08 996,638.47 747,521.21 413,709.29 840.47 64,600.61 8,837.27 2,744,679.10MUTUAL FUNDS 11,874.28 13,876.87 11,698.40 150,097.90 54,731.46 6,578.60 0.00 5,712.71 395.50 254,965.71 CURRENT NET ASSET VALUE 3,399,626.89 2,765,722.43 541,448.85 12,666,543.94 7,452,408.18 2,308,951.64 1,890.39 264,275.07 25,433.94 29,426,301.32PREVIOUS NET ASSET VALUE 3,289,660.29 2,696,692.76 476,618.28 11,856,330.03 7,188,609.61 2,272,517.38 1,814.09 229,529.63 24,677.41 28,036,449.48RSA Membership as at February 2026 - 11,134,223FUND 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 28 FEBRUARY 2026CPFAs FUND I FUND II FUND III FUND IV FUND V FUND VIDOMESTIC ORDINARY SHARES 409,727.64 121,830.23 160,559.82 3,559,813.49 963,636.08 124,425.93 23.58 68,299.28 1,234.31 5,409,550.35FOREIGN ORDINARY SHARES 0.00 261,985.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 261,985.83 * FED. GOVT BONDS (HTM) 947,305.85 622,445.62 182,055.44 5,666,595.94 4,376,986.21 1,290,432.44 700.50 73,510.33 7,901.33 13,167,933.66 * FED. GOVT BONDS (AFS) 960,335.05 776,294.68 37,322.88 474,093.14 337,695.95 43,120.92 26.56 12,322.97 499.31 2,641,711.46 * TREASURY BILLS 182,452.08 19,271.33 14,260.50 326,033.71 257,445.84 172,549.10 132.33 12,919.58 1,960.84 987,025.30 * AGENCY BONDS (NMRC) 1,532.35 4,775.40 14.21 4,459.01 283.29 57.38 0.00 0.00 0.00 11,121.64 * SUKUK BONDS (HTM) 8,184.91 0.00 723.76 37,643.63 25,264.68 9,082.92 2.90 11,107.42 2,479.82 94,490.05 * SUKUK BONDS (AFS) 1,295.85 0.00 40.89 951.22 2,131.52 223.64 0.00 966.23 136.58 5,745.92 * GREEN BONDS 2,853.20 0.00 262.15 4,245.73 7,741.42 1,559.47 10.34 312.65 0.00 16,984.96STATE GOVT SECURITIES 41,833.82 14,121.96 8,477.28 150,104.73 118,750.62 32,938.10 4.14 2,319.04 440.78 368,990.47 * CORPORATE BONDS (HTM) 136,444.47 11,207.34 30,271.15 672,929.69 478,048.74 149,445.97 62.45 4,883.31 660.52 1,483,953.64 * CORPORATE BONDS (AFS) 18,519.03 683,651.65 6.76 11,307.82 844.14 259.24 0.00 0.00 0.00 714,588.64 * CORPORATE INFRASTRUCTURE BONDS 8,757.81 342.00 1,514.77 20,333.60 14,461.79 5,780.69 0.00 174.94 32.74 51,398.34 * CORPORATE GREEN BONDS 0.00 0.00 0.00 550.34 354.10 0.00 0.00 317.11 0.00 1,221.55FIXED DEPOSIT/ BANK ACCEPTANCE 339,579.19 36,097.80 52,821.91 921,972.14 688,047.62 388,496.84 838.18 60,280.52 8,774.83 2,496,909.02COMMERCIAL PAPERS 38,930.56 1,544.98 5,964.55 73,952.98 59,288.13 25,202.37 2.29 4,281.75 62.44 209,230.05FOREIGN MONEY MKT INSTR. 11,332.79 26,161.38 98.63 713.34 185.46 10.09 0.00 38.34 0.00 38,540.03OPEN/CLOSE FUNDS 8,588.02 4,508.76 11,148.55 121,411.68 20,778.33 5,960.60 0.00 4,638.79 294.55 177,329.27REITs 3,286.26 9,368.10 549.85 28,686.22 33,953.13 618.00 0.00 1,073.92 100.95 77,636.43SUPRA-NATIONAL BONDS 2,162.34 0.00 528.97 25,378.03 4,361.95 682.19 0.00 38.40 0.84 33,152.72INFRASTRUCTURE FUNDS 24,784.61 21,023.52 10,785.83 243,143.06 0.00 0.00 0.00 281.80 0.00 300,018.82REAL ESTATE 105,569.61 63,949.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 169,519.17PRIVATE EQUITIES 14,195.69 69,065.01 3,012.94 172,036.27 0.00 0.00 0.80 0.00 0.00 258,310.71CASH & OTHER ASSETS 131,955.76 18,077.28 21,028.01 150,188.15 62,149.18 58,105.76 86.31 6,508.71 854.11 448,953.28GROWTH/DIMINUTION 109,966.60 69,029.67 64,830.57 810,213.91 263,798.57 36,434.26 76.30 34,745.44 756.53 1,389,851.85