NIGERIA: Pension funds’ total investments in Sukuk issued by the federal government (FGN) were valued at NGN9.25 billion (US$5.99 million) – accounting for just 0.6% of total FGN bonds held at the end of Q1 2025. Total pension funds’ holdings of FGN bonds – mainly conventional – stood at NGN14.48 trillion (US$93.85 billion) at the 31st March 2025, up from NGN12.2 trillion (US$7.9 billion) as at Q1 2024.
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