Nigerian pension fund managers race to meet new N5bn capital requirement

The National Pension Commission approved the increase of the minimum regulatory capital for pension fund managers in Nigeria from one billion naira to five billion naira. Nigeria’s pensions regulator also approved a 12-month transition period for PFAs to meet the new capital requirements. Niyi Falade, CEO of Crusader Sterling Pensions joins CNBC Africa for more.

Fri May 07 2021 | 11:55:30 GMT+0000 (Coordinated Universal Time)


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.