PFAs cleared to invest pension assets in Dangote Refinery public offer

The National Pension Commission (PenCom) has issued a circular granting Pension Fund Administrators (PFAs) special approval to invest pension assets in the upcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE. This decision involves the relaxation of certain regulatory conditions that are typically mandated for such investments. The circular, signed by the Director of PenCom, outlines the specific terms under which PFAs can participate in this significant investment opportunity. This move is expected to enhance the investment landscape for pension funds in Nigeria.

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