September 24, 2024/Coronation Research MPC Decision Monetary Policy Rate hiked by +50bps to 27.25% from 26.75%. Asymmetric corridor of the MPR retained at +500bps /-100bps. Cash Reserve Requirement for Deposit Money Banks raised to 50% from 45%. CRR for Merchant Banks raised to 16% from 14%. Liquidity ratio retained at […]
Author: InvestAdvocate
SEC Charges Crypto Companies TrustToken and TrueCoin With Defrauding Investors Regarding Stablecoin Investment Program
Companies also charged with unregistered offer and sale of securities September 24, 2024/US SEC The Securities and Exchange Commission today announced settled charges against TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts involving TrueUSD (TUSD), a purported stablecoin. According to the SEC’s complaint, filed […]
CBN Communiqué No. 154 of the MPC Meeting for September 23-24, 2024
September 24,2024/CBN The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 297th meeting on September 23rd and 24th, 2024, to review recent economic and financial developments and assess risks to the outlook. Eleven (11) of the committee’s twelve members were in attendance. Decisions of the […]
