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Financial Conduct Authority Outlines Lessons Learned In Year One Of Its Regulatory Sandbox

Culled—Proshare October 20, 2017/News The Financial Conduct Authority (FCA) has today published a report outlining how the regulatory sandbox (sandbox) has met its objectives over the first year of operation.  The sandbox was established to support the FCA’s objective of promoting effective competition in the interests of consumers.   The sandbox enables firms to test innovative products, services or […]

A Woeful Performance from the Refineries

Culled–Proshare October 17, 2017/FBNQuest Research In July the NNPC’s operating deficit doubled from N5.2bn the previous month to N11.9bn (US$39m). A profit before central costs and ventures from production (N15.4bn) was inadequate to cover losses from refineries (N8.5bn) and retail/marketing (N7.2bn). The corporation’s Financial and Operations Report for July notes […]