By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) on Wednesday announced it has suspended Elyon Asset Management Limited, its directors and sponsored individuals from all capital market activities for breach of extant capital market rules and regulations. “The suspension shall remain in force until further notice,” SEC said on […]
Frauds & Scandals
CBN Introduces Six Years Time Line for Resolution of Customer Complaints
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, […]
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 […]