FRIDAY, 30 JULY 2010 01:19   The Securities and Exchange Commission (SEC) yesterday accused Afribank and its senior executives of manipulating the bank’s December 2007 public offer in an elaborate scheme that was deliberately designed to buy back its shares deceive the market.   In doing this, SEC said […]

  By Ayodele Aminu, Emele Onu in Lagos and James Emejo in Abuja, 07.30.2010   Ten banks that failed a joint examination conducted last year for 24 of them by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) currently have a negative capital of N1.5 […]

  FRIDAY, 30 JULY 2010 01:19   An opportunity appears to have been opened for the Arunma Otteh-led Securities and Exchange Commission (SEC) to push its agenda of full regulatory oversight following a fresh allegation of financial impropriety against the management of the Nigerian Stock Exchange (NSE) which grossed a […]