The Nigerian Financial Intelligence Unit, NFIU, yesterday, threatened to sanction financial institutions in the country, following their non-compliance with certain anti-money laundering provisions. Speaking at a regional training for financial and regulatory institutions on the revised Financial Action Task Force recommendations, organised by the the Inter-Governmental Action Group against Money […]
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Nigeria seeks advisers for $100 mln diaspora bond
Nigeria is looking for an international bank and a local lender to act as financial advisers for a $100 million diaspora bond to be issued by the end of the year, the Debt Management Office said on Wednesday. The advisers will coordinate investor road shows and support the bond’s registration […]
U.S. housing recovery loses a step as pending home sales fall
Contracts to purchase previously owned U.S. homes fell for the second straight month in July, a sign that rising mortgage rates are taking the steam out of America’s housing market recovery. The National Association of Realtors said on Wednesday its Pending Homes Sales Index, based on contracts signed last month, […]
