Capital market analysts have said banks may reduce their positions in the fixed income market after the implementation of the Central Bank of Nigeria’s 50 per cent Cash Reserve Requirements on public sector deposits took effect on Wednesday. According to analysts at Meristem Securities Limited, in a report on the […]
Author: InvestAdvocate
Protecting minority shareholders
Recently, there were calls by some stakeholders in the Nigerian Capital Market for regulatory authorities to do more to protect minority shareholders. Simon Ejembi writes on some of the issues raised When the Nigerian Bottling Company Plc got voluntarily delisted from the Nigerian Capital Market in 2011, many people were […]
FCA fines Nigerian bank £525,000 over money-laundering controls
Britain’s financial services regulator said on Friday it had fined the UK subsidiary of Nigeria’s Guaranty Trust Bank (GUARANT.LG) (GUARq.L) 525,000 pounds for failing to have adequate controls to prevent money laundering. The Financial Conduct Authority (FCA) said that between May 2008 and July 2010, GT Bank UK had failed […]
