The euro jumped to its strongest level against the dollar in more than two years on Friday as banks adjusted positions for the year end, while the yen hit five-year lows for a second straight session. The dollar was broadly weaker against European currencies, including sterling and the Swiss franc. […]
Capital Market
Nasdaq to compensate firms on December 31 for botched Facebook IPO
Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc’s botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday. Nasdaq said previously it would pay up to $41.6 million in claims to market participants that […]
SEC’s New E-Filing System to Commence Q1 2014
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Securities and Exchange Commission (SEC) has introduced an Electronic Filing System for market operators scheduled to commence from the first quarter (Q1) of 2014. According to SEC, the system would require all capital market operators to submit their quarterly returns electronically commencing from Quarter […]
