By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) on Friday unveiled exposure draft rules on demutualization of Exchanges in Nigeria. SEC on its website said it’s in pursuant to section 313 of the Investments and Securities Act, 2007, the following proposed new regulations are made by the Commission. Below […]
Capital Market
SEC, CBN pledge better collaboration to strengthen the Financial Sector
February 19, 2015/SEC The Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) have pledged closer collaboration to further strengthen the capital market and the Nigerian financial system in general. This was part of the outcome of a meeting between the Deputy Governor, Financial System […]
Foreign reserves drop to $32.4bn
The nation’s foreign exchange reserves has dropped to $32.43bn, as the Central Bank of Nigeria continued its efforts to prop up the naira, according to data obtained from the bank’s website on Thursday. The current stock of external reserves indicate a drop of about six per cent from $34.47bn of […]
