By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) has proposed a minimum of N20 million Paid-Up Capital for Fund Managers of Private Equity Funds. This is contained in the proposed New Rules and Amendment of SEC Rules November 2012. Click here to download Report
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UBS faces $1 billion fine for Libor rigging: source
Swiss bank UBS (UBSN.VX) faces a fine of about $1 billion next week to settle charges of rigging the Libor interest rate benchmark, a person familiar with the situation said on Thursday. Such a penalty would be more than double the $450 million fine levied on British bank Barclays (BARC.L) […]
Shareholders Endorse New Commercial Banking Structure for UBA
Press Release Lagos Nigeria: December 13, 2012: Shareholders of United Bank for Africa (UBA) Plc have approved the internal restructuring and reorganisation of the capital of the Bank and its members in compliance with the Central Bank of Nigeria (CBN)’s Regulation on the Scope of Banking Activities and Ancillary Matters, which […]
