Updates

Senate, Central Bank rejects proposals to jail people for ownership of FOREX

22/11/2016/huhuonline.com The Senate has expressed surprise at a recommendation by the Nigerian Law Reform Commission for a review of the Nigerian Foreign Exchange Act in order to empower the Central Bank of Nigeria to jail people for up to two years or fine them for 20 percent of the amount […]

Q3’16 GDP – Few Bright Spots Amidst Further Contraction

Photo Credit: AME Info Culled—Proshare November 23, 2016/Vetiva Research Recession bites deeper as key sectors diverge further ·         Growth in nominal Oil GDP belies real stagnation ·         Secondary sector of economy the main Non-Oil laggard Recession bites deeper as key sectors diverge further Nigeria’s recession deepened in the third quarter […]

IMF, China Securities Regulatory Commission Sign Agreement on Strengthening Technical Cooperation on Financial Sector Capacity Development

November 23, 2016/IMF A new initiative launched this week further strengthens the close technical cooperation between China Securities Regulatory Commission and the International Monetary Fund (IMF) in support of China’s financial sector reforms. The five-year Memorandum of Understanding (MOU) covers cooperation areas such as capital market supervision and development, systemic […]