Premium Pension posts N1.3trn assets growth in 2023
Premium Pension Limited has revealed that its total assets experienced an improved growth in 2023, hitting N1.134 trillion at the end of December, 2023. The Pension Fund administrator (PFA), in a statement yesterday, said the figure was announced by its Chairman, Gen Bitrus Kwaji (Rtd) at its 19th Annual General Meeting which took place on […]
Premium Pension Limited has revealed that its total assets experienced an improved growth in 2023, hitting N1.134 trillion at the end of December, 2023.
The Pension Fund administrator (PFA), in a statement yesterday, said the figure was announced by its Chairman, Gen Bitrus Kwaji (Rtd) at its 19th Annual General Meeting which took place on Tuesday at its headquarters in Abuja.
Kwaji said that with dedication from staff members, the PFA was able to grow assets amid various challenges, including inflation, exchange rate harmonisation and heightened competition.
The statement reads in part: “Despite these hurdles, the company remained dedicated to serving clients with integrity and excellence.
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“Total assets under management experienced significant growth in 2023, reaching N1.134tn by December 31, 2023.”
He also announced the approval of a final dividend of N1.94 per share, amounting to N1.276bn, in addition to the interim dividend of N1.45 per share, totalling N952.83m paid during the year.
Furthermore, he noted that the Premium Interactive Members Assistant, an innovative platform launched in January, 2024, to enhance customer experience and streamline operations, made the activities of the PFA seamless.