PenCom Warns PFAs Against Banks' AT-1 Capital; Risk Alert for Pension Funds
The National Pension Commission (PenCom) warned Pension Fund Administrators (PFAs) to avoid investing in Banks' AT-1 Capital instruments. PenCom issued the warning due to concerns that PFAs were inundated with requests to invest pension funds in these instruments.
The warning came as eight banks in Nigeria had already met the recapitalization requirements set by the Central Bank of Nigeria. The deadline for banks to raise additional capital is approaching, with significant implications for the banking sector.
PenCom's directive aims to protect the pension funds from potential risks associated with these investments.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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