SEC third regulator to support ban on banks trading for their own profit WASHINGTON (AP) — The Securities and Exchange Commission Wednesday backed a proposal to bar banks from trading for their own profit instead of their clients. The SEC voted 4-0 to send the ban on so-called proprietary trading […]

  LAGOS Oct 12 (Reuters) – Nigeria plans to sell 55 billion naira ($346.13 million) in 3-year, 5-year and 10-year sovereign bonds on October 19, at its tenth monthly debt auction this year, the Debt Management Office said on Wednesday. The debt office said it would sell 8.0 billion naira […]

LAGOS Oct 12 (Reuters) – The Nigeria naira firmed sharply against the U.S. dollar after the central bank cleared all dollar demand at its bi-weekly auction on Wednesday, signalling again its intent to support to the local currency. The central bank sold all the $591.67 million demanded at 150 naira […]