Raises minimum regulatory capital to ₦20bn for PFAs (₦30bn for PFAs with AUM of ₦500bn and above / special-purpose PFAs) and ₦25bn for PFCs. Immediate effect for new entrants; existing operators must comply by 31 December 2026, with biennial verification against audited financial statements and 90 days to cure any shortfall.
All licensed PFAs and PFCs.
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