Business
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U.S. SEC Moves to Ease Pay-to-Play Rules for Investment Advisers
Proposed changes could loosen restrictions on firms managing public pension funds after political contributions…. The US Securities and Exchange Commission…
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U.S Retail Sales Fall for First Time in Nine Months as Consumer Spending Loses Steam
July decline raises fresh concerns over household spending and prompts economists to cut third-quarter growth forecasts….. US retail sales unexpectedly…
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Five Transmission Towers Collapse in Akwa Ibom as Vandals Strip Power Line Components
TCN says seven more towers have been weakened after critical structural members were removed, putting the transmission corridor at risk….…
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FG to Nigeria: Don’t Just Export More to China, Export Better
With China granting zero-tariff access to goods from 53 African countries, the Federal Government says Nigeria must process its raw…
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PenCom Threatens PFAs With Sanctions Over Slow RSA Data Recapture
Only 17% of legacy Retirement Savings Account holders have completed the mandatory exercise, prompting the pension regulator to introduce quarterly…
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Dangote Refinery to Wait Three Years Before Overseas Stock Market Listing
The $20bn refinery is preparing for a potentially record-setting Nigerian IPO in October, while management hopes a longer operating track…
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NUPRC Plans Crude Swap Scheme to Cut Refinery Supply Costs, Boost Local Oil Availability
The proposed arrangement could allow producers to meet domestic supply obligations through nearby crude sources, reducing unnecessary transportation and easing…
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SEC Orders Immediate Freeze of Assets Linked to Six Terrorist Financiers, Three BDCs
Capital market operators have been barred from dealing with the sanctioned individuals and companies and must report frozen assets and…
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Aiyedatiwa signs amended electricity law to strengthen Ondo power sector
New framework establishes independent regulator, makes metering compulsory and protects private power investments…… Ondo State Governor, Lucky Aiyedatiwa, has signed…
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CBN OMO auction attracts record N4.93tn demand, allots N2.6tn
Investors submit bids more than eight times the N600bn on offer as OMO yields remain above comparable Treasury Bills….. The…
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