Devaluation: Pension funds decline by 45% in dollar terms

The value of pension funds has declined by 45.18 per cent when valued in dollars, following the devaluation of the naira. Data obtained from the National Pension Commission’s website showed that the net asset value of pension funds stood at N17.35tn as of September, amounting to $19.83bn when dollarised, using the official exchange rate of

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