N277bn capital gap threatens shake-up in pension industry as PenCom recapitalisation bites

Nigeria’s pension industry is staring at a major funding challenge, with analysts estimating that operators will need about N276.8bn in fresh capital to comply with new minimum capital requirements introduced by the National Pension Commission (PenCom). According to Coronation’s Year in Review and 2026 Outlook on Nigeria, only three Pension Fund Administrators (PFAs) – Stanbic

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