Updates

Dubai Financial Market Launches First-Of-Its Kind Regional ETF Trading Platform

Culled—-Proshare March 6, 2017/Exchange News Highlights Platform Falls Under New Regulatory Framework And Adheres To Global Best Practices The exchange hosts bell ringing ceremony to celebrate the launch of the new platform  Afkar signed Al Ramz Capital as new Authorized Participant and Cairo’s Beltone Financial as Foreign Liquidity Provider for […]

CBN Orders Banks to Process PTA/BTA within 24 Hours

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Sunday directed commercial banks to henceforth process and meet foreign exchange demands for travel allowance PTA/BTA within 24 hours of such application. This is contained in a statement signed by Alvan Ikoku,  the director, Financial Markets Department of the CBN. […]

FG Scraps 10% Equity Contribution on Housing Mortgage Within N5m Range

6/3/2017/Thisday By Chineme Okafor in Abuja The federal government has said henceforth, housing mortgages below N5 million will no longer attract the usual initial payment of 10 per cent equity from approved off-takers. It said it chose to scrap the 10 per cent initial deposit on such cadre of housing […]