PenCom’s upward revision of equity exposure limits for Retirement Savings Account (RSA) Funds I, II, III and VI-Active has unleashed what analysts estimate could be nearly N1 trillion in fresh liquidity into the Nigerian Exchange Limited (NGX).
The development, confirmed by market operators and investment research firms including Arthur Steven Asset Management Ltd and CardinalStone Research, has already triggered a sharp repricing across large-cap stocks.
With total pension assets now exceeding N26 trillion, the recalibration of allocation limits is steering a significant pool of long-term domestic capital more decisively toward productive assets, reinforcing institutional participation in equities and complementing reforms in the foreign exchange market.