Nigerian pension funds can now invest in commercial papers, following new regulatory safeguards.

The National Pension Commission (PenCom) in Nigeria has lifted a suspension on pension fund administrators (PFAs) investing in commercial papers. This move follows the Securities and Exchange Commission (SEC) developing new rules to regulate commercial paper issuances, addressing PenCom's concerns about risk and regulatory compliance. PFAs are now required to conduct thorough due diligence before investing, aiming to deepen financial markets and diversify pension fund portfolios.

4 months ago
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