Author: InvestAdvocate

Nigeria’s SEC Increase Broker/Dealer Capital Requirement to N300 million

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said it has increased the capital requirement for operators in the Nigerian Capital Market (NCM) as broker/dealers are now expected to shore up their capital base to N300 million from N70 million. SEC said in its official website that […]

IMFC Extends Term of Chairman Tharman Shanmugaratnam by One Year

Press Release The members of the International Monetary and Financial Committee (IMFC) have asked Mr. Tharman Shanmugaratnam, Deputy Prime Minister of Singapore and Minister for Finance, to extend his term as Chairman of the Committee by one year upon the conclusion of his term on March 22, 2014. Minister Tharman, who was […]

UK, France, Japan, Others Pledge $18.9 million to Fight Money Laundering, Terrorism

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The United Kingdom (UK), France, Japan and five (5) other international donor countries has pledged to support the fight against money laundering and combating the financing of terrorism. This is coming on the heels of a session Tuesday by the International Monetary Fund’s (IMF) technical […]