The NGX Pension Broad Index, which tracks pension-compliant equities on the Nigerian Exchange (NGX), recorded a remarkable 59.72% return in 2025, surpassing the broader market benchmark, the NGX All-Share Index (ASI), which gained 51.19% over the same period.
Data from the NGX showed that the Pension Broad Index closed the year at 2,917.84 points, up from 1,826.89 points at the end of 2024, highlighting the strong performance of equities eligible for pension fund investment.
The index comprises stocks meeting the investment eligibility criteria set by the National Pension Commission (PenCom), serving as a key benchmark for Pension Fund Administrators (PFAs) aiming to balance regulatory compliance with competitive returns.
Analysts noted that the diversified sector exposure of the index — spanning financial services, telecommunications, consumer goods, industrials, and energy — helped support performance amid robust market activity and improving investor sentiment.
The Pension Broad Index outperformed the All-Share Index by more than 850 basis points, emphasizing the potential of pension-compliant equities to deliver strong, risk-adjusted returns over time.
Market observers highlighted that this performance also reflects the growing influence of pension assets in Nigeria’s capital market and the role of transparent, rules-based indices in guiding portfolio construction and long-term retirement planning.
The Nigerian Exchange reaffirmed its commitment to working with PenCom and PFAs to promote market education, enhance data analytics, and develop pension-focused investment products aimed at deepening participation in the equities market.
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