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, 07 May 2021 11:55:30 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.