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CIS sanctions 2 erring Stockbrokers

  By Peter OBIORA investadvocate Oct 07 2010 16.59 GMT Lagos (investadvocate)-The Chartered Institute of Stockbrokers (CIS) has today Thursday October 07 2010 sanctioned two erring Stockbrokers for allegedly selling shares belonging to investors without mandate.   This was contained in a document made available to investadvocate in Lagos Nigeria. […]

Nigeria’s Conoil reports 13,697 unclaimed dividends worth N50 million

By Peter OBIORA investadvocate Oct 07 2010 16.08 GMT   Lagos(investadvocate)-Conoil Plc (Conoil) operating in the Petroleum Marketing Sector of the Nigerian Stock Exchange (NSE) has reported 13,697 unclaimed dividend by investors of the company worth N50 million.    The list containing unclaimed dividends in the company’s dividend payment No.19 […]

More banks may apply for regional licences

By Ademola Alawiye Thursday, 7 Oct 2010 There are indications that more Deposit Money Banks will opt for regional licences because of fears that they may not meet the regulatory minimum capital base to run as national banks. A senior official of the Central Bank of Nigeria, who craved anonymity, told […]