Culled—huhuonline.com January 9, 2017-Barely 48 hours after the exit of Pastor Enoch Adeboye, Jim Obazee, the man in charge in charge of Financial Reporting Council of Nigeria (FRN), the agency that formulated the law that caused him to resign has been sacked. A statement issued by Shehu Garba on Monday, […]
Updates
Could Financial System Stability Be Under Threat?
Culled—Proshare January 9, 2017/FDC Q: Could financial system stability be under threat? If it is, will AMCON be willing and able to re-enact its role as a stabilizer and toxic asset manager? A: Historically, cross-border risks present the most potent threat to banking system stability in Nigeria. Oil price shocks […]
Stocks Open Week Bullish, as Banking Index Emerge Biggest Gainer
January 9, 2017/Cordros Research The Nigerian equities market started the week on a bullish note, advancing by 1.25%; the All Share Index closed at 26,580.22 points. The All Share Index recorded its first back-to-back gains this year following Friday’s gain of 0.15%. The Banking (+4.04%) index recorded the biggest gain, […]
