What To Expect From The Markets This Week- 300418

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Saturday, April 28, 2018 08:00 AM / Proshare  

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Proshare Nigeria Pvt. Ltd.

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From the Editor’s Desk

More than ever before pension funds are regarded as strong financial intermediary, as they are considered to be both a powerful organ for fund raising and a tool for shifting consumption over the life time of an individual. Thus, countries with a vast pension pool are more likely to put household in a surplus savings position. Therefore, it is not surprising to see pension funds bridge financing gaps either to the federal government or corporates, reaffirming their role as a strong financial intermediary.   

The latest monthly report published by the Pension Commission (PENCOM), stated that the Net asset value (NAV) of Total pension in Nigeria stood at N7.794 trillion, making it a 23% accretion compared to the corresponding month of February 2016 where its NAV stood at N6.298 trillion. This puts total pension fund to GDP and total pension to total public debt at 6.89% and 35.85%, respectively.

 

Fig 1: Total Pension Fund as at February 2017
 Proshare Nigeria Pvt. Ltd.
Source; PENCOM

The retirement savings account active (RSA) retained its position as the dominant contribution, providing N5.3 trillion and making it 68.1% of the pool. In the same vein, the retirement saving account fund (RSF), contributed N593 billion to the pool, thereby growing by 24.9% to make up 7.6% of the pool.  At the same time, the approved existing scheme (APS) and close ended fund contributed N864 billion and N1.029 trillion to the funding, thereby making up 11.1% and 13.2%, respectively. 
    

Pension funds have remained largely immune from the slack conditions witnessed in the labour force. The fund’s relatively low exposure to imitation risk couple with its strong appetite for risked free instrument, especially federal government securities still remain a leg wind to net asset value.  


Monday, April 30, 2018
The Lagos Housing Fair themed “Smart Buildings” will commence today. 

Tuesday, May 1, 2018
The Lagos Chamber of Commerce and Industry (LCCI) Awards will hold today in Lagos, while the Startup Conference Lagos 2018 #SUCLagos2018 by StartUpPlus Africa holds. 

Wednesday, May 2, 2018
The Lagos Business School Executive Breakfast Session will hold today while the Hive Africa - a Global Leaders Program commences in Lagos 

Thursday, May 3, 2018
The Africa Youth Leadership & Economic Summit 2018 by the Guardian Newspaper will hold today in Lagos, while AERMP commences its training on Fundamentals of ERM in Financial & Non-Financial Institutions”. 

The Creative Communication for CSOs Workshop by BudgIT and CivicHive will hold today in Abuja.
 

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Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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