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IOSCO proposes regulatory oversight principles for dark liquidity

By Gbenga Agbana Thursday, 28 Oct 2010 The Technical Committee of the International Organisation of Securities Commissions, on Wednesday, published a consultation report, titled, ”Issues raised by dark liquidity,” containing the principles to assist securities markets authorities in dealing with issues concerning dark liquidity. A statement obtained by our correspondent from […]

Dangote acquires 64% stake in South African cement firm

  Dangote becomes largest foreign direct investor in S/A   Dangote Industries Limited (DIL), has formally increased its stake in Sephaku Cement (Pty) Limited, which is based in South Africa, from 19.76 percent to 64 percent. The transaction, which comprises a R779 million investment into Sephaku Cement by Dangote, is […]

Shareholder leader faults court verdict over removal of Bank CEO’s by Sanusi

-Union Bank on the front burner  By Peter OBIORA investadvocate Oct 27 2010 11.12 GMT Lagos (INVESTADVOCATE)-Boniface Okezie, National Chairman of the Progressive Shareholders Association of Nigeria (PSAN) has faulted the verdict Monday October 24 2010 by a Federal High Court in Lagos Nigeria ruling that the Sanusi Lamido Sanusi, Governor […]