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RENAISSANCE CAPITAL AFRICA
Nigeria’s naira is the most overvalued currency in Africa according to a new report from Renaissance Capital Africa (Rencap).
Renaissance Capital Africa has raised critical concerns over the National Pension Commission’s (PenCom) latest recapitalisation directive, warning that while the reforms aim to fortify Nigeria’s pension industry, they may inadvertently undermine the economics of Pension Fund Administrators (PFAs) and trigger over-capitalisation across the sector.