Updates

Resilience of the PFAs Asset Under Management Increases by 16.9percent to N5.96trn

Culled—Proshare December 7, 2016/FBNQuest Research Conventional wisdom has it that the growth of inflows into the PFAs has slowed on account of arrears in contributions by government. Data on assets under management (AUM) from Pencom and on membership numbers, drawn from the same source but published by the National Bureau […]

Skye Bank Ratings Suspended Due To Lack of Sufficient Information

Culled—-Proshare December 7, 2016/S & P Global Ratings We are suspending the ratings on Skye Bank due to a lack of sufficient, reliable, and timely information. The suspension is for up to 90 days, pending the receipt of further information. Global Ratings today suspended its counterparty credit ratings on Skye […]

SEC Receive Complaints against AIMS Asset Management in Respect of Private Placement

December 7, 2016/SEC The Securities and Exchange Commission (“SEC”) received various complaints against AIMS Asset Management Limited who solicited and marketed private placements for two private companies namely Petdrill Development Company Limited and Aims Assurance Company Limited. The Commission while investigating the activities of AIMS Asset Management Limited (a registered […]