Author: InvestAdvocate

SEC Gets Support on Corporate Governance Code

by Goddy Egene Stakeholders in the nation’s capital market have thrown their weight behind the new Code of Corporate Governance issued by the Securities and Exchange Commission (SEC) for listed companies, which would become effective on Friday, April 1, 2011. Speaking   at a meeting on the new code in Lagos, […]

CBN: MOU on Rescued Banks subject to shareholders approval

Peter OBIORA investadvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria has affirmed that it has not approved any Memorandum of Understanding following speculations and unsavoury comments on the proposed mergers and acquisitions of rescued Banks. As it is subject to Board of Directors and Shareholders approval. This was contained in a […]

CSCS: Only 40% investors embrace e-dividend payment

  Peter OBIORA investadvocate Lagos (INVESTADVOCATE)-The Central Securities Clearing System Limited (CSCS), the Nigeria’s Clearing House has reported that only 40 percent (40%) investors in the Nigerian Capital Market (NCM) has embraced the electronic dividend system of payment (e-dividend) introduced into its Market February 28 2008.   A Source at […]