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Financial statements: NSE to punish errant companies

By Udeme Ekwere The Nigerian Stock Exchange has said that it will punish errant quoted companies that fail to disclose their financial statements as and when due. According to the NSE, the move became necessary because some companies constantly refuse to update their financial statements thus breaking a cardinal rule […]

CBN seeks creation of financial Ombudsman, others

By John Ameh The House of Representatives, the Central Bank of Nigeria and other stakeholders in the financial sector have backed the establishment of the Office of the Nigerian Financial Ombudsman. Its duties are mainly to resolve “financial and related disputes in the Nigerian financial services sector and for related […]

Nigeria’s AMCON to list N1.7 Trillion Bond at the Exchange

By investadvocate Lagos (INVESTADVOCATE)-The Asset Management Corporation of Nigeria AMCON would Thursday April 21 2011 list N1.7 Trillion Bond on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria. The Nigeria’s Exchange would list AMCON’s N1.7 billion Zero Coupon Bond 2013 Series 1 at N1, 000.00 per share. […]