Activities in the Nigerian Stock Exchange closed on a positive note on the last trading day of May as major indicator recorded significant appreciation. This also brought the market closer to the pre-meltdown level of 2008, as investors had recouped over 95 per cent of the 2008 value of shares. […]
Author: InvestAdvocate
Cashing of third-party cheques above N150,000 stops today
The cash-less policy of the Central Bank of Nigeria enters a new phase today (Monday) as the maximum ceiling of N150,000 placed on conversion of third-party cheques to cash by individuals takes off. The implication is that any cheque above N150,000 originating from a third party must be lodged into […]
China punishes two brokerages in IPO fraud crackdown
China‘s securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing’s determination to bring credibility to a stock market some have likened to a casino. The China Securities Regulatory Commission will fine Minsheng Securities 2 million yuan for failed due diligence in […]
