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Emerging economies shouldn’t rely on dollar: economist

By Ann Saphir JACKSON HOLE, Wyoming (Reuters) – Emerging economies should find other ways to buffer themselves from global crises than stockpiling U.S. government debt, a prominent economist argued on Saturday. U.S. Treasuries and the debt of other advanced nations may be liquid, but it is far from safe, Cornell […]

Extension of Interbank Guarantee to Equatorial Trust Bank Limited on Signing of TIA

Press Release Following the successful signing of Transactions Implementation Agreement (TIA) between Equatorial Trust Bank Limited (ETB) and Sterling Bank Plc, the CBN wishes to announce extension of interbank guarantee given to ETB to 31st December 2011. The extension is on the same conditions as stated in the CBN circular dated […]

SEC to Sanction Issuing Houses, Firms for non-rendition of returns on utilisation of proceeds

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Securities and Exchange Commission (SEC) has said it will henceforth sanction erring Issuing Houses and Issuers for failure to render quarterly returns on utilisation of issue proceeds. This was contained in a Circular posted on the official website of the Commission. “The Commission wishes to […]