By Goddy Egene, 21 Feb 2011 The Central Securities Clearing Systems Limited (CSCS) is currently seeking the support of the Securities and Exchange Commission (SEC) to operate as a custodian in the nation’s capital market.  The CSCS is currently the clearinghouse for the market. It  clears and settles shares […]
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Banks panic as CBN moves to verify update of customers’ accounts
By Enitar Ugwu, Monday, 21 February 2011 Shock waves swept through the nation’s banks at the weekend as they got wind of the Central Bank of Nigeria (CBN) planned verification of the level of their compliance with the just-concluded customer accounts’ update.The exercise begins on March 7, but the banks […]
China raises bank reserves to record in inflation fight
(Reuters) – China on Friday raised required reserves to a record 19.5 percent,