Aside using Nigeria’s foreign exchange reserves to sustain the value of the naira from collapsing against the United States dollar, the Central Bank of Nigeria on Tuesday gave other possible reasons that could lead to a fall in the reserves. This follows concerns by stakeholders on the recurrent decline of […]

Shareholders of Deposit Money Banks lost a total of N136.74bn to the crisis that rocked the banking sector between 2009 and 2010, according to information contained in the 2010 annual report and statement of accounts of the Nigeria Deposit Insurance Corporation. The report, which is NDIC’s most recent compilation on […]

The Securities and Exchange Commission (SEC) has improved the regulation of collective investment schemes (CIS) in the nation’s capital market, thereby reducing the risk of investors losing their money. CIS, also known as  unit trust schemes  or mutual funds   enable   low income investors to contribute to a pool of funds, […]