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SEC Compromised, DG Oteh Admits Hiring Access Bank Top Staffers

The Director General of the Securities and Exchange Commission (SEC), Arunmah Oteh admitted under oath Wednesday afternoon before the House Committee on the Capital Market that two Access Bank Plc staffers who are currently occupying strategic positions in the regulator were seconded from Access Bank Plc and are being paid […]

SEC charges five with insider trading from AA tip

Securities regulators charged two Ameriprise Financial advisers and three others with insider-trading, saying they made $1.8 million in illicit profits based on confidential merger information one of the advisers learned through an Alcoholics Anonymous relationship. The Securities and Exchange Commission said Timothy McGee, one of the advisers, was tipped about […]

CBN to Install New Settlement System in Q2

In order to ensure efficiency in the interbank market, the Central Bank of Nigeria (CBN) has concluded plans to deploy a new Real Time Gross Settlement System (RTGS) into the market in the second quarter of this year. To this end, THISDAY gathered that money market dealers had been asked […]