JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk. More than three years after the financial industry almost collapsed, the colossal misfire was cited as proof […]

Nigeria’s interbank lending rates climbed this week to an average of 14.16 percent, from 13.91 percent last week, as the central bank aggressively mopped up excess liquidity by selling treasury bills.  Traders said apart from a primary auction of treasury bills, where 147 billion ($932.59 million) worth ranging from 3-month […]

The Chairman of the House Of Representatives Ad hoc Committee on Capital Markets, Herman Hembe and Deputy Chairman, Azubuogo Emeka Ifeanyi will be charged on a two-count charge of diverting public funds by the Economic and Financial Crimes Commission (EFCC), THEWILL can report. Both federal lawmakers will be docked on May […]