The Securities and Exchange Commission (SEC) has announced plans to enhance the rules and regulations around borrowing for both the government and businesses. A statement from the SEC said Dr. Emomotimi Agama, the Director General of the SEC, noted the importance of ensuring that borrowing practices are sustainable for various levels of government, including local and state governments. His comments come in light of a recent Supreme Court order that allows the 774 local government areas to receive direct financial support from the Federal Government. Dr. Agama explained that, “It is crucial that we manage these resources wisely through strategic borrowing, which will promote development in these sectors”. For businesses, Dr. Agama disclosed that new regulations concerning Central Counter Parties (CCPs), which are intermediaries that help facilitate and manage trading between companies are expected to come into effect in 2025 and are designed to make the borrowing process smoother for Nigerian companies looking to raise capital