Naira Devaluation Causes 45% Decline in Dollar Value of Pension Funds

The devaluation of the naira has led to a significant decline of 45.18% in the dollar value of pension funds in Nigeria. Data obtained from the National Pension Commission’s website revealed that the net asset value of pension funds was N17.35 trillion as of September, equivalent to $19.83 billion when converted using the official exchange … Continue reading Naira Devaluation Causes 45% Decline in Dollar Value of Pension Funds