By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Tuesday said it has introduced a six (6) years limit for the resolution of bank customers’ complaints. The CBN said this in a circular dated February 16 and signed by Kevin Amugo, director, Financial Policy and Regulation Department, […]
Frauds & Scandals
Naira Needs to Weaken More to Lure Foreign Buyers, Aberdeen Says
February 16, 2015/Bloomberg Nigeria’s currency is still overvalued and it needs to depreciate more before foreign investors are tempted to buy naira assets again, according to Aberdeen Asset Management Plc. “You’re probably looking at something closer to 225 or 230” per dollar as the fair rate for the naira, Kevin […]
NSE Warns Dealing Members on Prohibition of Naked Short Selling, Limitation of Liability
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday alerted dealing member firms on its strict prohibition of naked short selling, responsibilities and limitation of liability of the Exchange. This is contained in a circular dated February 12, 2015 with reference number NSE/LARD/BDR/CIR4/15/02/12 and signed by Olufemi […]
