Sector
Pensions & Asset Management
PFAs, PFCs, mutual funds and discretionary mandates managing NGN 22tn+ in long-dated savings.
5 sub-sectorsBullishRisk: Low
Market size
₦22.0T
YoY growth
+17.6%
Forecast (12m)
+15.8%
EBITDA margin
38.0%
Sentiment score
+54
Risk score
28/100
Sector summary
PFAs, PFCs, mutual funds and discretionary mandates managing NGN 22tn+ in long-dated savings.
Key drivers
- ●Contributory pension growth
- ●Equity allocation rotation
- ●Alternative assets framework
Top risks
- ●Real return erosion in stressed scenarios
- ●Concentration in FGN paper
- ●Liquidity risk on alts