March 25, 2015/Vanguard By Omoh Gabriel THE Central Bank of Nigeria has directed some systemically important banks considered too big to fail, that are short of capital to submit recapitalisation plans to it by June 13th. The CBN letter suggest that a few undisclosed banks do not meet the minimum […]
Capital Market
Nigerian Stocks Records Marginal Gain of 0.27% on Election Jitters
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Tuesday recorded a marginal gain as all-share index (ASI) climbed up 0.27 percent to close at 29,584.00 points, while market capitalisation increased by N26.21 billion to close at N9.87 trillion. With this development, current market Year-to-Date (Y-t-D) returns at the Nigerian bourse […]
IOSCO Issues Final Code of Conduct Fundamentals for Credit Rating Agencies
March 24, 2015/IOSCO The International Organisation of Securities Commissions (IOSCO) published today the final report on Code of Conduct Fundamentals for Credit Rating Agencies, which includes significant revisions and updates to the current IOSCO Code of Conduct for Credit Rating Agencies (IOSCO CRA Code). The revisions to the IOSCO CRA […]
