Nigeria's pension assets rose ​51% in two years to ‌31.48 trillion naira ($22.80 billion), while membership of the country's contributory pension scheme ​grew by nearly 1 ​million workers to 11.32 million, the ⁠National Pension Commission (PenCom) said on Tuesday.

PenCom ​chief Omolola Oloworaran told reporters ​that assets under management increased from 20.79 trillion naira in July 2024, a rise ​attributed to stronger confidence in ​the pension system.

• A 758 billion naira bond ‌helped ⁠clear obligations dating back to 2007, benefiting 957,045 people through pension increases, accrued rights payments and ​other retirement ​benefits, PenCom ⁠said.
• The regulator said accrued pension rights had swung ​from 21 months in ​arrears ⁠in July 2024 to a 41-month surplus, while benefit approvals are ⁠now ​processed within 48 hours.