December 10, 2021/CSL Research Based on news reports, the United Bank for Africa Plc has taken over the majority stake in the Abuja Electricity Distribution Company (AEDC). The Minister of Power, Abubakar Aliyu, announced that the Federal Government supports the decision. According to Abubakar Aliyu, the Deposit Money Bank had to take […]
Updates
NGX: Capital Market Set for Launch of Derivatives
December 10, 2021/NGX All ducks now appear to be in a row for the launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market. This comes on the back of the official launch of NG Clearing as Central Counterparty (CCP) Clearing House in Nigeria on Thursday, 9 December 2021. […]
Federal Reserve Board reiterates its supervisory expectations for large banks’ risk management with investment funds
December 10, 2021/US Federal Reserve The Federal Reserve Board on Friday reiterated its supervisory expectations for large banks’ risk management with investment funds. The supervisory message follows a review by the Board of the default and failure of Archegos Capital Management, a concentrated and leveraged fund. The message describes the […]
