General Motors Co. (GM), profitable for 13 consecutive quarters, is planning to invest about $16 billion on U.S. factories and facilities through 2016, more than it will spend in China, the company said. “The $11 billion in capital that will be spent in China by 2016 is coming out of […]
Author: InvestAdvocate
Banks Enforce KYC Requirements for Non-financial Businesses
Deposit Money Banks (DMBs) have warned that restriction will be placed on the accounts of Designated Non-financial Businesses and Professions (DNFBPs) operators that failed to comply with the Know-Your Customer (KYC) requirement of the Central Bank of Nigeria (CBN). The CBN’s deadline for compliance with the KYC update by the […]
SEC postpones compliance date for e-dividend
As a result of the feedback received from various stakeholders in the capital market, the Securities and Exchange Commission on Friday postponed the deadline for the transition from the use of dividend warrants to e-dividend payment. According to SEC the deadline, which was originally slated for June 3, 2013, has […]
