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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