* Most power assets have so far gone to local oligarchs * Power task force head says foreign interest growing * Nigeria selling sector to try to end crippling blackouts The initial sell-off of state power assets, designed to end decades of electricity shortages, mostly attracted local oligarchs, while foreign […]
Tag: US
CISI Bill 2013: NSE Presents memo to Senate
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange said it has presented a memorandum to the Senate Committee on Capital Markets to replace the Chartered Institute of Stockbrokers (CIS) Act 2004 with the Chartered Institute of Securities and Investment Bill 2013 (CISI). The NSE said the objective of […]
U.S., UK to fine ICAP, charge staff over Libor scam
U.S. and British authorities are hours away from fining ICAP, the world’s biggest interdealer-broker, and charging current and former staff in connection with the manipulation of the Libor benchmark interest rate. The rate rigging scandal, which has laid bare the failings of regulators and bank bosses, has already seen three […]
