Nigeria bill caps trustee investments at 20% to modernize 1957 law

Nigeria's House of Representatives is advancing the Trustee Investment Bill, 2026, which would replace the 1957 law, permitting investment in new instruments while imposing a 20% cap per asset class to protect beneficiaries. The bill's passage and final provisions remain uncertain, but it signals a regulatory modernization effort with potential implications for capital markets and fiduciary standards.

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