20 PFAs meet PenCom's N5bn minimum capital requirement
The National Pension Commission (PenCom) has said 20 Pension Fund Administrators (PFAs) have complied with its directive to raise the minimum regulatory capital requirement from N1 billion to N5 billion. The commission disclosed this over the weekend in a statement. The commission had approved the recapitalisation exercise for the PFAs with a 12-month transition period […]