By GODFREY OBIOMA The possibility of trading bonds on the floor of the Nigerian Stock Exchange formed the subject of discussion between the self -regulatory organization and the Financial Market Dealers Association. BusinessDay learnt that NSE claim that the fixed income securities can be traded on its platform called for facility […]

By Yemi Kolapo The Asset Management Corporation of Nigeria has bought about N1tn non-performing loans of 22 rescued and non-rescued banks in the second phase of its rescue programme in the banking sector. The Managing Director, AMCON, Mr. Mustafa Chike-Obi, disclosed this in an exclusive interview with our correspondent on […]

By IHEANYI NWACHUKWU The Securities & Exchange Commission (SEC) said it will initiate discussion for the privatisation of the Abuja Securities and Commodities Exchange (ASCE). The Abuja Securities & Commodity Exchange was originally incorporated as a Stock Exchange on June 17, 1998. It commenced electronic trading in securities in May […]