A former Chairman of the Economic and Financial Crimes Commission, Mr. Nuhu Ribadu, on Wednesday alleged that a lot of investments being done in the country were from funds earned through illegal activities. He also identified illicit financial activities such as terrorism financing and money laundering as a major challenge […]
Capital Market
Bears Return to NSE after One-Day Respite, Index Dip 0.23% on Sell-offs
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Bears on Wednesday returned to the Nigerian equities market after a one-day respite as all-share index ASI) dipped 0.23 percent on massive sell-offs to close at 30,042.38 basis points, while market capitalisation declined by N24.07 billion to N10.30 trillion. The declined led to current Month-to-Date […]
IOSCO-CPMI Issues Harmonisation of Unique Transaction Identifier Report
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Organisation of Securities Commissions (IOSCO) and the Committee on Payments and Market Infrastructures (CPMI) on Wednesday unveiled a report on Harmonisation of Unique Transaction Identifier (UTI). According to both organisations, G20 Leaders agreed in 2009 that all over-the-counter (OTC) derivatives contracts should be […]
