The Council of the Nigerian Stock Exchange (NSE) has approved many new rules and made amendments to the rules governing dealing members. In a notification entitled: Additions and amendments to rules and regulations governing dealing members and invitation for comments, sent to licensed stockbrokers, the NSE indicated that the new […]
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CBN, SEC, Others, Lament Resurgence of “Wonder Banks”
The Central Bank of Nigeria (CBN), the Securities & Exchange Commission (SEC), the Economic & Financial Crimes Commission (EFCC), under the Inter-Agency Committee on Illegal Fund Managers/’Wonder Banks’ have once more alerted the public on the resurgence of the operators. According to a statement, the committee, whose members also include […]
Pension Funds May Be Invested In Mortgage Banks
The Central Bank of Nigeria (CBN) will soon adopt a comprehensive reforms package for mortgage banking to reposition the sector for growth, spokesman Ugochukwu Okoroafor has said. Okoroafor said the reforms would not only be all-inclusive, but would transform the practice of mortgage banking. The reforms, he said, would address risks management, […]
