One additional firm will not pay a penalty because it self-reported, self-policed, and demonstrated substantial efforts at compliance September 24, 2024/US SEC The Securities and Exchange Commission today announced charges against 12 firms, comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser, for widespread and longstanding failures by […]
Author: InvestAdvocate
MPC Increases the MPR by 50bps to 27.25%
September 24, 2024/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Raise the MPR by 50bps to 27.25% (Previously: 26.75%) Retain the asymmetric corridor at +500bps/-300bps Raise the CRR for Deposit Money Banks to 50.0% (Previously: 45.0%) and Merchant […]
Nigerian Stocks Open Week Bullish +0.1%, Buoyed by Blue Chips
September 23, 2024/Cordros Report EQUITIES The domestic bourse opened the week on a bullish note, spurred by gains in FIDELITYBK (+9.9%), FBNH (+2.6%), and FLOURMILL (+9.8%). Consequently, the All-Share Index inched higher by 0.1% to 98,386.60 points, with the Month-to-Date and Year-to-Date returns settling at +1.9% and +31.6%, respectively. The total volume […]
