Funds Management Archives - Nairametrics https://nairametrics.com/category/market-news/fixed-income/mutual-funds/ Destination for Business news and analysis from Africa's largest economy Wed, 12 Jun 2024 12:37:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Funds Management Archives - Nairametrics https://nairametrics.com/category/market-news/fixed-income/mutual-funds/ 32 32 201037849 Nigerians withdraw N14.2 billion from pension funds as job losses spike https://nairametrics.com/2024/06/12/nigerians-withdraw-n14-2-billion-from-pension-funds-as-job-losses-spike/ https://nairametrics.com/2024/06/12/nigerians-withdraw-n14-2-billion-from-pension-funds-as-job-losses-spike/#respond Wed, 12 Jun 2024 12:37:23 +0000 https://nairametrics.com/?p=491131 The National Pension Commission (PenCom) has approved the disbursement of N14.2 billion to 8,651 Nigerians who experienced temporary job loss in the first quarter of 2024.

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]]> https://nairametrics.com/2024/06/12/nigerians-withdraw-n14-2-billion-from-pension-funds-as-job-losses-spike/feed/ 0 491131 FG raises N4.2 billion from Nigerian savings bonds in April 2024  https://nairametrics.com/2024/05/13/fg-raises-n4-2-billion-from-nigerian-savings-bonds-in-april-2024/ https://nairametrics.com/2024/05/13/fg-raises-n4-2-billion-from-nigerian-savings-bonds-in-april-2024/#respond Mon, 13 May 2024 07:30:25 +0000 https://nairametrics.com/?p=488706 The latest Federal Government of Nigeria Savings Bonds (FGNSB) have seen a hearty reception among investors, with total allotments for the April 2024 issuance reaching approximately N4.2 billion.

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]]> https://nairametrics.com/2024/05/13/fg-raises-n4-2-billion-from-nigerian-savings-bonds-in-april-2024/feed/ 0 488706 PenCom registers 88,213 new RSAs in Q4 2023 as Stanbic IBTC, Access Pensions stay top  https://nairametrics.com/2024/05/13/pencom-registers-88213-new-rsas-in-q4-2023-as-stanbic-ibtc-access-pensions-stay-top/ https://nairametrics.com/2024/05/13/pencom-registers-88213-new-rsas-in-q4-2023-as-stanbic-ibtc-access-pensions-stay-top/#respond Mon, 13 May 2024 05:33:26 +0000 https://nairametrics.com/?p=488693 The National Pension Commission (PenCom) has disclosed that a cumulative total of 88,213 new Retirement Savings Accounts (RSAs) were registered during the quarter ending on 31 December 2023. 

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]]> https://nairametrics.com/2024/05/13/pencom-registers-88213-new-rsas-in-q4-2023-as-stanbic-ibtc-access-pensions-stay-top/feed/ 0 488693 DMO to issue May FGN Savings Bond at 17.4% and 18.4%, highest rates ever https://nairametrics.com/2024/05/06/dmo-to-issue-may-fgn-savings-bond-at-17-4-and-18-4-highest-rates-ever/ https://nairametrics.com/2024/05/06/dmo-to-issue-may-fgn-savings-bond-at-17-4-and-18-4-highest-rates-ever/#respond Mon, 06 May 2024 14:40:04 +0000 https://nairametrics.com/?p=488021 The two-year savings bond maturing on May 15, 2026, is to be offered at an interest rate of 17.407% per annum. And the three-year savings bond with a maturity date of May 15, 2027, features an interest rate of 18.407% per annum.

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]]> https://nairametrics.com/2024/05/06/dmo-to-issue-may-fgn-savings-bond-at-17-4-and-18-4-highest-rates-ever/feed/ 0 488021 Pension fund assets drop to N19.69 trillion in March – PenCom https://nairametrics.com/2024/05/06/pension-fund-assets-drop-to-n19-69-trillion-in-march-pencom/ https://nairametrics.com/2024/05/06/pension-fund-assets-drop-to-n19-69-trillion-in-march-pencom/#respond Mon, 06 May 2024 07:04:21 +0000 https://nairametrics.com/?p=487967 The total pension fund net asset value dropped to N19.669 trillion in March compared to N19.759 trillion reported a month earlier.

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]]> https://nairametrics.com/2024/05/06/pension-fund-assets-drop-to-n19-69-trillion-in-march-pencom/feed/ 0 487967 Analysis: 2023 Premium Pension Corporate and Pension Fund Accounts for the year ended December 2023 https://nairametrics.com/2024/04/29/analysis-2023-premium-pension-corporate-and-pension-fund-accounts-for-the-year-ended-december-2023/ https://nairametrics.com/2024/04/29/analysis-2023-premium-pension-corporate-and-pension-fund-accounts-for-the-year-ended-december-2023/#respond Mon, 29 Apr 2024 10:09:01 +0000 https://nairametrics.com/?p=487177 Premium Pension ended the 2023 financial year with 794,946 RSA holders in the 7 publicly available pension funds it manages.

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]]> https://nairametrics.com/2024/04/29/analysis-2023-premium-pension-corporate-and-pension-fund-accounts-for-the-year-ended-december-2023/feed/ 0 487177 Ethical funds drive high returns in Nigerian mutual funds in Q1 2024 https://nairametrics.com/2024/04/22/ethical-funds-drive-high-returns-in-nigerian-mutual-funds-in-q1-2024/ https://nairametrics.com/2024/04/22/ethical-funds-drive-high-returns-in-nigerian-mutual-funds-in-q1-2024/#respond Mon, 22 Apr 2024 07:31:16 +0000 https://nairametrics.com/?p=486431 Nigerian mutual funds recorded average return of 10.76% in the first quarter of 2024, largely driven by the 30.89% yield printed by ethical funds during the period.

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]]> https://nairametrics.com/2024/04/22/ethical-funds-drive-high-returns-in-nigerian-mutual-funds-in-q1-2024/feed/ 0 486431 PFAs channel 72% of investment to fixed income assets in 2023 https://nairametrics.com/2024/04/17/pfas-channel-72-of-investment-to-fixed-income-assets-in-2023/ https://nairametrics.com/2024/04/17/pfas-channel-72-of-investment-to-fixed-income-assets-in-2023/#respond Wed, 17 Apr 2024 16:39:42 +0000 https://nairametrics.com/?p=486046 Pension Fund Administrators (PFAs) in Nigeria favoured fixed income investments over other asset classes in 2023 with a preponderance of funds channelled towards investments in the said category.

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]]> https://nairametrics.com/2024/04/17/pfas-channel-72-of-investment-to-fixed-income-assets-in-2023/feed/ 0 486046 Nigerian Pension Industry: You should NOT mark your own investment performance examination papers https://nairametrics.com/2024/04/15/nigerian-pension-industry-you-should-not-mark-your-own-investment-performance-examination-papers/ https://nairametrics.com/2024/04/15/nigerian-pension-industry-you-should-not-mark-your-own-investment-performance-examination-papers/#respond Mon, 15 Apr 2024 11:36:49 +0000 https://nairametrics.com/?p=485801 Nigerian pension industry has taken the reins of its own performance reporting with the release of PenOp's ‘Inaugural Performance Report’, titled ‘Uniform Performance Reporting.

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]]> https://nairametrics.com/2024/04/15/nigerian-pension-industry-you-should-not-mark-your-own-investment-performance-examination-papers/feed/ 0 485801 DMO to raise N450 billion in April bond auction https://nairametrics.com/2024/04/11/dmo-to-raise-n450-billion-in-april-bond-auction/ https://nairametrics.com/2024/04/11/dmo-to-raise-n450-billion-in-april-bond-auction/#respond Thu, 11 Apr 2024 13:49:59 +0000 https://nairametrics.com/?p=485542 The Debt Management Office is seeking to raise N450 billion in its April bond auction to take place on April 15. This is in line with the agency’s plan to raise up to N1.8 trillion through FGN bonds in Q2 2024.

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]]> https://nairametrics.com/2024/04/11/dmo-to-raise-n450-billion-in-april-bond-auction/feed/ 0 485542 Naira Devaluation: Pension Fund’s net asset value decline by $18.9 billion in one year https://nairametrics.com/2024/03/18/naira-devaluation-pension-funds-decline-by-18-9-billion-in-one-year/ https://nairametrics.com/2024/03/18/naira-devaluation-pension-funds-decline-by-18-9-billion-in-one-year/#comments Mon, 18 Mar 2024 14:56:30 +0000 https://nairametrics.com/?p=483246 The devaluation of the Naira has exerted a substantial influence on the net asset value of pension fund assets in Nigeria over the past year.

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]]> https://nairametrics.com/2024/03/18/naira-devaluation-pension-funds-decline-by-18-9-billion-in-one-year/feed/ 1 483246 Eurobond Transaction Advisers’ Appointment requires FEC and NASS Approval – DMO https://nairametrics.com/2024/03/16/eurobond-transaction-advisers-appointment-requires-fec-and-nass-approval-dmo/ https://nairametrics.com/2024/03/16/eurobond-transaction-advisers-appointment-requires-fec-and-nass-approval-dmo/#respond Sat, 16 Mar 2024 11:24:09 +0000 https://nairametrics.com/?p=483072 DMO has clarified that the appointment of Transaction Advisers for the issuance of Eurobond is contingent upon the approval of FEC.

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]]> https://nairametrics.com/2024/03/16/eurobond-transaction-advisers-appointment-requires-fec-and-nass-approval-dmo/feed/ 0 483072 ‘Pension fund assets rise to N19.531 trillion as at January ’24’ – PenCom   https://nairametrics.com/2024/03/14/pension-fund-assets-rise-to-n19-531-trillion-as-at-january-24-pencom/ https://nairametrics.com/2024/03/14/pension-fund-assets-rise-to-n19-531-trillion-as-at-january-24-pencom/#respond Thu, 14 Mar 2024 07:27:00 +0000 https://nairametrics.com/?p=482752 Data from the National Pension Commission (PenCom) reveals Nigeria’s pension fund assets rose to N19.531 trillion for the period that ended 31st January 2024. 

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]]> https://nairametrics.com/2024/03/14/pension-fund-assets-rise-to-n19-531-trillion-as-at-january-24-pencom/feed/ 0 482752 DMO to list N350 billion Sukuk bonds on NGX and FMDQ https://nairametrics.com/2024/03/08/dmo-to-list-n350-billion-sukuk-bonds-on-ngx-and-fmdq/ https://nairametrics.com/2024/03/08/dmo-to-list-n350-billion-sukuk-bonds-on-ngx-and-fmdq/#respond Fri, 08 Mar 2024 14:30:36 +0000 https://nairametrics.com/?p=482094 Following the issuance of its sixth Sukuk worth N350 billion in October 2023, the Debt Management Office (DMO) has announced the listing of the Sukuk on NGX and FMDQ Securities Exchange.

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]]> https://nairametrics.com/2024/03/08/dmo-to-list-n350-billion-sukuk-bonds-on-ngx-and-fmdq/feed/ 0 482094 Best performing Nigerian PFAs in January 2024 https://nairametrics.com/2024/02/20/best-performing-nigerian-pfas-in-january-2024/ https://nairametrics.com/2024/02/20/best-performing-nigerian-pfas-in-january-2024/#respond Tue, 20 Feb 2024 08:31:03 +0000 https://nairametrics.com/?p=480321 Seventeen Pension Fund Administrators (PFAs) in Nigeria printed an average return of 2.81% in the month of January 2024, recording positive returns across the four retirement savings accounts tracked by Nairalytics, the research arm of Nairametrics.

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]]> https://nairametrics.com/2024/02/20/best-performing-nigerian-pfas-in-january-2024/feed/ 0 480321 PenCom makes N12.52 billion from penalising defaulting employers in 11 years  https://nairametrics.com/2024/02/19/pencom-makes-n12-52-billion-from-penalising-defaulting-employers-in-11-years/ https://nairametrics.com/2024/02/19/pencom-makes-n12-52-billion-from-penalising-defaulting-employers-in-11-years/#comments Mon, 19 Feb 2024 05:23:49 +0000 https://nairametrics.com/?p=480188 The National Pension Commission (PenCom) has made significant strides in ensuring compliance among employers regarding pension contributions.

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]]> https://nairametrics.com/2024/02/19/pencom-makes-n12-52-billion-from-penalising-defaulting-employers-in-11-years/feed/ 1 480188 Lagos Govt to disburse N3.1 billion to over 1,000 retirees next week – Sanwo-Olu   https://nairametrics.com/2024/02/09/lagos-govt-to-disburse-n3-1-billion-to-over-1000-retirees-next-week-sanwo-olu/ https://nairametrics.com/2024/02/09/lagos-govt-to-disburse-n3-1-billion-to-over-1000-retirees-next-week-sanwo-olu/#respond Fri, 09 Feb 2024 17:49:39 +0000 https://nairametrics.com/?p=479606 The governor of Lagos State, Babajide Sanwo-Olu, has announced the plan of his administration to disburse a swooping N3.1 billion to over 1,000 retirees in the state in the coming week.  

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]]> https://nairametrics.com/2024/02/09/lagos-govt-to-disburse-n3-1-billion-to-over-1000-retirees-next-week-sanwo-olu/feed/ 0 479606 Some retirees receive as low as N450 as monthly pension – NUP  https://nairametrics.com/2024/02/09/some-retirees-receive-as-low-as-n450-as-monthly-pension-nup/ https://nairametrics.com/2024/02/09/some-retirees-receive-as-low-as-n450-as-monthly-pension-nup/#respond Fri, 09 Feb 2024 05:00:27 +0000 https://nairametrics.com/?p=479493 In certain states of the federation, retirees are receiving remarkably low monthly pension payments, some as little as N450, N500, and N1,000, as highlighted by the Nigerian Union of Pensioners (NUP).  

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]]> https://nairametrics.com/2024/02/09/some-retirees-receive-as-low-as-n450-as-monthly-pension-nup/feed/ 0 479493 Nigeria’s pension industry gains N3.36 trillion in 2023, fastest growth on record https://nairametrics.com/2024/01/30/nigerias-pension-industry-gains-n3-36-trillion-in-2023-fastest-growth-on-record/ https://nairametrics.com/2024/01/30/nigerias-pension-industry-gains-n3-36-trillion-in-2023-fastest-growth-on-record/#respond Tue, 30 Jan 2024 06:03:49 +0000 https://nairametrics.com/?p=478576 Nigeria’s total pension asset gained a remarkable N3.36 trillion in 2023, closing the year at a record high of N18.36 trillion from N14.99 trillion recorded as of the previous year. This represents a year-on-year increase of 22.43%, which is the fastest growth on record.

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]]> https://nairametrics.com/2024/01/30/nigerias-pension-industry-gains-n3-36-trillion-in-2023-fastest-growth-on-record/feed/ 0 478576 Federal Government raises N381.2 billion through treasury bills in January 2024 https://nairametrics.com/2024/01/26/federal-government-raises-n381-2-billion-through-treasury-bills-in-january-2024/ https://nairametrics.com/2024/01/26/federal-government-raises-n381-2-billion-through-treasury-bills-in-january-2024/#respond Fri, 26 Jan 2024 14:08:30 +0000 https://nairametrics.com/?p=478320 In January 2024, the Federal Government raised about N381.219 billion through treasury bills (NT-Bills) issued on January 10 and 24.

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]]> https://nairametrics.com/2024/01/26/federal-government-raises-n381-2-billion-through-treasury-bills-in-january-2024/feed/ 0 478320