15/2/2017/Reuters By Tiisetso Motsoeneng South Africa’s competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday. The Competition Commission said it had concluded an investigation into whether banks colluded by […]
Money Market
AGF Malami queries Emefiele on alleged Forex fraud in CBN
February 16, 2017/Punch Ade Adesomoju, Abuja The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), has said there are corruption allegations in the Central Bank of Nigeria’s foreign exchange allocation and transactions. Malami added, on Wednesday, the fraud allegations were “supported by several documents.” The […]
Fitch Revises Bank of Industry’s Outlook to Negative; Affirms IDR at ‘B+’
(This statement was made by Ficth Ratings Agency on February 15, 2017) Lagos (INVESTADVOCATE)-Fitch Ratings has revised Nigeria-based Bank of Industry Limited’s (BOI) Outlook to Negative from Stable, while affirming the Long-Term Issuer Default Rating (IDR) at ‘B+’. This follows the recent revision of Nigeria’s Outlook to Negative. A full […]
