October 28, 2010 On October 6, the CBN issued a statement to the effect that “Wema Bank Plc, has applied to CBN seeking a banking licence to operate as a regional bank with a regulatory capital requirement of N10 billion. It has also applied to and obtained approval from […]

•Lifts restrictions on price movements By Eromosele Abiodun, Thisday, 10.27.2010 In a bid to boost liquidity and attract more foreign investors, the Nigerian Stock Exchange (NSE) is putting final touches to plan to lengthen its trading hours, Interim Director General, Emmanuel Ikazoboh, has said.   Ikazoboh, who made this known in […]

By Udeme Ekwere with agency report Thursday, 28 Oct 2010 he Nigerian Stock Exchange may soon increase the limit on daily share price movement from five per cent to 10 per cent. The Interim Administrator of the NSE, Mr. Emmanuel Ikhazoboh, who disclosed this to Reuters on Tuesday, noted that the […]