Stakeholders in the capital market are awaiting the approval of the Securities and Exchange Commission (SEC) to approve the harmonised Complaint Management Framework (CMF) expected to make the process of complaints handling more efficient and investor friendly. Currently, investors resort to as many as six different places to lay their […]
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US fines ‘Hezbollah’ bank $102 mn for laundering
A Lebanese bank accused of laundering money from drugs and other operations for clients tied to Hezbollah militants agreed Tuesday to pay US authorities $102 million to settle the charges. Beirut-based Lebanese Canadian Bank was singled out in February 2011 for allegedly moving hundreds of millions of dollars for criminal […]
CSCS Offer Shareholders 15 Kobo Dividend
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Central Securities and Clearing System Plc (CSCS) Tuesday announced it has offered its shareholders a 15 Kobo dividend for the 2012 financial year end. This is contained in a statement from the clearing house and obtained by InvestAdvocate in Lagos Nigeria. In […]
