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Money laundering: Senate may ban cash payment above N5m

  THURSDAY, 01 JULY 2010 01:20         The Senate on Wednesday commenced consideration of the Money Laundering Act (Repeal and Re-enactment) Bill 2010 making it illegal for any person or corporate body to make or accept cash payments exceeding N5 million and N10 million, respectively.   The Senate, […]

Exchange Approves N94bn New Issues

  The Council of The Nigerian Stock Exchange, through its Quotation Committee, on Tuesday, approved issues worth N93.555 billion for four companies, a state government and two other financial instruments.    Bayelsa State Government got the Council’s approval for its Offer for Subscription of N50 Billion Fixed Rate Development Bond […]

CBN releases guidelines for granting liquid asset status to state govt. bonds

  THURSDAY, 01 JULY 2010 01:25 BLESSING ANARO     Three months after the Central Bank of Nigeria (CBN) decided to confer liquid asset status on eligible state government bonds, it has finally issued guidelines to operationalise the decision. With the guidelines, the Securities and Exchange Commission (SEC) is expected to monitor […]