Unpacking Nigeria’s Q2’23 pension industry performance

Second quarter data from National Pension Commission shows over 63,600 new RSAs were registered and associated PINs issued to employees in different sectors. Meanwhile, pension funds are expected to continue to grow as the current higher yields on investment in fixed income securities would raise nominal returns. Oguche Aguda, CEO of Pension Fund Operators Association of Nigeria joins CNBC Africa to discuss this and the July numbers of Pencom’s net asset value.