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Home Economy/Technology

PenCom records N1.52bn net asset value

PenCom

The Matters Press by The Matters Press
May 18, 2023
Reading Time: 1 min read
0
PENCOM launches radio programme

The National Pension says its Net Asset Value (NAV) stood at N1.52 trillion as at March.

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The Commission said this in an unaudited report on pension funds industry portfolio for the period ended March 31 released and posted on its official Website on Wednesday.

It said that the figure could be achieved as the growth rate kept increasing every month.

According to the report the current NAV stood at N1,52 trillion while the previous NAV was N1,496,142.79.

Also, the data showed that the Retirement Savings Account (RSA) membership as at March 31 increased with 54,471.

The current RSA membership was 9,945,537 and previously was 9,891,066.

NAV is the price at which the shares of the funds registered with the Securities and Exchange Commission are traded.

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