PFAs Seeking New Investment Outlets, Push Investments In Banks To N2.24trn

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PFAs Seeking New Investment Outlets, Push Investments In Banks To N2.24trn

« on: February 16, 2022, 07:04:11 am »

PFAs Seeking New Investment Outlets, Push Investments In Banks To N2.24trn

The pension fund assets investment in bank placements has risen to N2.24 trillion, LEADERSHIP can now reveal. Bank placement is a short term investment instrument used by corporate organisations, such as Pension Fund Administrators (PFAs) to place fund in banks or other financial institutions at an agreed interest rate and tenor. The tenor, however, hovers […]

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