Pension funds and currency exchange adjustments – Daily Trust


The recent ‘adjustment’ of the exchange rate of US$ to NGN  from the long-standing official rate of US$1 for NGN305 to a US$1 for NGN380, must have implications, one way or the other, on the value of the N10.22 trillion in the Retirement Savings Accounts (RSAs) of millions of Nigerians on the Contributory Pension Scheme(CPS). …

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