Business
Kudos Trail PenCom’s Investment Guidelines Review Proposal
Some capital market operators, have hailed plans by the National Pension Commission (PenCom) to review its investment guidelines on the Nigerian Stock Exchange (NSE).
They said that the proposed review of the investment regulation would increase local participation in the market.
They also said proper implementation of the new investment regime would also engender stability in the capital market.
Mr Muhammad Ahmad, Director-General of PenCom, had last Wednesday, said that the commission would float four funds.
He said that the commission was interested in reviewing its laws to allow more pension assets to be invested in the market.
Malam Garba Kurfi, the Managing Director of APT Securities and Funds Ltd., said that the review of the investment guidelines would encourage more participation in the market.
“PenCom needs to speedily do this review to deepen activities in the market,“ he said.
Mr Wale Onigbode, the Managing Director of Calyx Securities Ltd., also said that activities in the market would improve with the new rule.
Onigbode urged the Securities and Exchange Commission, the NSE and PenCom to collaborate to ensure the realisation of this objective.
Mr Eugene Ezenwa, the Managing Director of Pac Securities Ltd., commended PenCom for this attempt, saying that the PFAs needed “to be more engaged“.
He said that the NSE could ensure strict compliance with the new investment guildlines whenever they became operational.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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