Tag: PFAs
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20 PFAs meet N5 billion minimum regulatory capital – PenCom
PenCom says the exercise resulted in some mergers and acquisitions. National Pension Commission (PenCom) has announced that up to 20 Pension Fund Administrators (PFAs) were able to meet the April 27 deadline for a Minimum Regulatory Capital (shareholders’ fund) from N1 billion to N5 billion. This was disclosed by the commission in a statement on Friday,…