Pensions

Nigeria's pension industry: assets, allocation and RSA registrations, from PENCOM's public reports

Independently compiled from PENCOM's public reports. Not an official PENCOM product.

Net Asset Value by fund group

RSA Active, RSA Retiree, CPFA, and Approved Existing Schemes — ₦ million, month-end

Industry NAV since 2007 (year-end)

₦ trillion, 31 December each year, from PENCOM's annual reports

Asset class trend

Toggle asset classes to compare — ₦ million, month-end

Composition of assets over time

% of total NAV by asset class, 100% stacked — every class shown

Asset allocation (latest month)

Industry-wide, ₦ billion

NAV by individual fund

Toggle funds to compare — ₦ million, month-end

Latest NAV by fund

FundNAV (₦M)MoM change (%)YoY change (%)

RSA membership growth

Total registered Retirement Savings Accounts, month-end

The charts below come from PENCOM's quarterly reports.

Quarterly NAV by fund type

₦ trillion

Latest quarter: NAV by fund type

₦ trillion

Quarterly asset allocation

% of NAV

New RSA registrations by PFA

Unlike the rest of this dashboard, the charts below are sourced directly from each PFA's own website, not PENCOM — PENCOM's rules require every PFA to publish its own RSA fund unit prices and/or rates of return. 10 of the 19 currently licensed PFAs are covered — see Methodology. Absolute unit prices are not comparable across PFAs (they depend on each fund's inception date/value) — rate of return is the fair comparison.

Select a fund

Benchmark PFAs

Pick a base PFA, then up to 3 others to compare against it — the charts and table below update to this selection.

Base PFA
Compare against (up to 3)

Unit price trend by PFA

₦ per unit — own-website data, not directly comparable across operators

Latest rate of return by PFA

% — most recent period each PFA has published

Benchmark comparison

Latest published figures for the selected fund, base PFA and comparisons only

PFALatest unit price (₦)Latest return (%)vs base (pp)

Data freshness by PFA

When each PFA's own website was last checked to have new data

PFAPublishesLatest data as of

About the data

An independent, unofficial compilation of data published by Nigeria's National Pension Commission (PENCOM) and, for fund prices and returns, by the Pension Fund Administrators themselves.
Coverage and known gaps
  • Monthly: January 2022 to the latest report. April–June 2024 is not available.
  • Quarterly: industry NAV from Q4 2018, split by fund type from Q4 2020 where PENCOM published the split (hatched bars show the total only). Q3 2020 and Q1–Q3 2024 are not available. Asset allocation and new RSA registrations by PFA start in Q4 2025.
  • Annual: year-end industry NAV, 2007–2021. Where PENCOM revised a figure in a later report, the revised figure is shown.
  • PFA fund prices and returns: 10 of the 19 licensed PFAs. The others do not publish usable figures on their websites.
  • Q1 2026 new RSA registrations: PENCOM's table attributes 134,484 of its stated 143,248 total to named PFAs; the remaining 8,764 are unattributed in the source.