July 16, 2018/SEC In a move to further enlighten investors and the general public on the process and benefits of e-Dividend and to discuss other contemporary issues in the Nigerian Capital Market, the Securities and Exchange Commission (SEC), Nigeria through its Port Harcourt Zonal Office will be holding a Town Hall meeting […]
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Former State Street Corp. Executive Convicted of Defrauding Customers
July 16, 2018/US SEC On June 26, 2018, a jury in federal court in Boston, Massachusetts, convicted Ross McLellan, a former State Street Corp. executive, of engaging in a scheme to defraud customers of State Street’s Transition Management line of business. McLellan was found guilty of applying secret commissions to […]
Fixed Income Market Monitor- Average Money Market Rate Decreased Marginally to 9.17%
Culled—Proshare July 16, 2018/Anchoria AM Research The money market rate decreased slightly last week as the Overnight rate (OVN) and Open Buy Back rate (OBB) fell to 9.42% and 8.92% respectively. Consequently, the average money market rate decreased marginally by 2.96% to settle at 9.17% as system liquidity is estimated […]
