Pension funds edge back to stocks as asset base hits N27.45 trillion For years, Nigeria’s pension funds managers and the regulator have invested cautiously in government securities and avoiding the drama of the stock market, yielding minimal return to Retirement Savings Account (RSAs) holders under the Contributory Scheme (CPS). Now, they appear to be stepping out again carefully as new portfolio data for the period ended December 31, 2025 show that pension fund administrators increased their exposure to domestic equities to N3.96 trillion, even as total industry assets climbed to N27.45 trillion. Further breakdown of the portfolio data indicates that pension managers are dipping a toe into growth assets without abandoning their traditional comfort zone. The pension industry has been l...