Financial experts have faulted the debt relief package given to 84 stockbrokers by the Federal Government, saying that the action will promote moral hazard. A report by the Financial Derivatives Company Limited noted that the selection of 84 stockbrokers to be anointed as debt-free, threw out the question of selective […]
Author: InvestAdvocate
Stanbic IBTC’s mobile money transactions reach N6.5bn
Stanbic IBTC Bank Plc on Tuesday said it had recorded N5.6bn transactions on the mobile money platform in the last one year. Speaking at the first anniversary of Stanbic IBTC mobile money in Lagos, Managing Director/Chief Executive Officer, Stanbic IBTC, Mrs. Sola David-Borha, said the bank’s mobile money platform was […]
Retail Investors May be Restricted to Mutual Funds
Retail investors may be prohibited from investing directly in the Nigerian equities market if the recommendation of the Committee for the Resuscitation of the Capital Market set up by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, is adopted. Currently, retail investors with as low […]
