By Our Correspondent Lagos (INVESTADVOCATE)-Arunma Oteh, the Chairperson, Africa and Middle East Region of the International Organisation of Securities Commissions (IOSCO) has advised the Region to improve its Risk Based Supervision. This is contained in a Statement Monday by Yakubu Olaleye, Head, Media Nigeria’s Securities and Exchange Commission (SEC) and […]
Author: InvestAdvocate
UK’s Lloyds fined $6.7 million for mis-sold insurance
Britain’s financial regulator on Tuesday fined Lloyds Banking Group 4.3 million pounds ($6.7 million) for failing to handle complaints relating to insurance sold on loans and mortgages properly. The Financial Services Authority (FSA) said failings in the bank’s systems and controls resulted in up to 140,000 customers experiencing delays in […]
Inflation Drops to 9% as NBS Forecasts 6.75% GDP Growth
Nigeria’s composite Consumer Price Index (CPI) which measures the rate of inflation dropped by 300 basis points to nine per cent year-on-year in January from 12 per cent in December 2012. The National Bureau of Statistics (NBS), which revealed this Monday also projected a real gross domestic product (GDP) growth […]
