Nigeria’s pension assets rose by about 20% in 2025, reflecting steady growth driven largely by gains in domestic equities, Federal Government securities, and selected alternative assets. Pension assets recorded broad-based growth in 2025, with equities and government securities anchoring portfolio expansion. Equities were one of the strongest contributors to pension asset growth in 2025, supported mainly by domestic stock market performance. Domestic ordinary shares climbed from N2.41 trillion to N3.96 trillion, accounting for 14.41% of total pension assets by year-end. FGN bonds held to maturity grew by 6.21% year-to-date to N12.83 trillion, accounting for 46.75% of total pension assets.