The Federal Government’s forbearance package may still be open to stockbrokers affected by margin loans, the Association of Stockbroking Houses has said. The Chairman, ASHON, Mr. Emeka Madubuike, who spoke to our correspondent on Monday, explained that brokers who were not able to accept the forbearance offer due to one […]
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Board crisis: Mainstreet Bank denies MD’s suspension
The Management of Mainstreet Bank Limited on Monday refuted the claim that the Group Managing Director of the bank, Mrs. Faith Tuedor-Matthews, was suspended over alleged misappropriation of funds. The bank, in a statement made available to our correspondent, stated that there was no board crisis at the bank, pointing […]
Yen resumes fall after G20, U.S. holiday thins trade
The yen resumed falling on Monday after Japan signaled it would push ahead with expansionist monetary policies having escaped criticism from the world’s 20 biggest economies at the weekend. Industrial metals also dipped and European shares were soft on lingering worries about the economic outlook, especially for the euro zone. […]
