The Nigerian Pension Commission (PenCom) has increased the maximum equity exposure allowed for several Retirement Savings Account (RSA) funds, a regulatory shift that analysts estimate could channel approximately N2 trillion into Nigerian equities.
The changes, which took effect on 9 February 2026, raise the equity cap for Fund I from 30% to 35%, while also adjusting limits for Funds II, III, and VI-Active.
This structural change aims to deepen local capital markets by directing more long-term institutional savings toward listed assets.
The move arrives as the Nigerian Exchange (NGX) has already demonstrated resilience and growth.
Market capitalization reached N159 trillion by the end of the week closing 24 July, reflecting a N2 trillion gain driven by sustained institutional buying across core sectors.
The recent uptick in market value underscores a growing appetite for local equities among domestic investors, a trend that PenCom’s new guidelines are poised to accelerate.