Nigeria: Analysts Rate Nigeria's Pension Assets Under Management Low

[Vanguard] Analysts at the FBN Quest Research, an arm of the FBN Merchant Bank, have given a comparative view of Nigeria's pension assets under management indicating under performance of peers. According to their report, "The Assets Under Management (AUM) of the regulated pension industry increased by 16.1% y/y in October to N9.81trn (US$32.0bn), and by 2.4% m/m. They represent just 7.7% of 2018 GDP. This coverage lags peer emerging markets because the Nigerian industry, dating from 2004, is one of the newest.