Safetrust Mortgage Bank Limited plans to list its shares on the Nigerian Stock Exchange (NSE) within the next three years as the mortgage bank moves to consolidate its operations and attain a nationwide coverage. Managing director, Safetrust Mortgage Bank Limited, Mr. Yinka Adeola, said the mortgage bank has launched a […]
Capital Market
CBN Unveils New Code of Corporate Governance, Whistleblowing Guidelines for Banks, Discount Houses
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) Tuesday unveiled a new code of corporate governance and whistleblowing guidelines for banks and discount houses. This is contained in a circular dated May 16, 2014 with reference number FPR/DIR/CIR/GEN/01/004 and signed by Kevin .N. Amugo, director, financial policy […]
Non-implementation of VAT, stamp duty waiver angers shareholders
One year and five months after the Finance ministry promised that it would waive Value Added Tax and stamp duty on capital market transactions; it has failed to keep its promise, leaving shareholders angry. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, had explained in a statement in December 2012 that […]
