Culled—Proshare October 24, 2016/ Oct 2016 Legal Alert / Oserogho & Associates Introduction At Independence from British Colonial Rule in 1960, and until the establishment of the Central Bank of Nigeria (“CBN”), foreign currencies earned by exporters, most of who dealt in agricultural produce, were retained in Foreign Bank Accounts […]
Updates
SEC Proposes New Rule & Sundry Amendments
21/10/2016/SEC New Rule Proposed Rule for the Three-Tiered Know-Your-Customer (KYC) Framework for Capital Market Operators Sundry Amendments a. Proposed amendment to Rule 39(2) -Proposed New Rule on Fast Track Filing of Annual Reports b, Proposed amendment to Rule 305 -Proceeds of Issue c, Proposed amendment to the National Investor Protection […]
Can AGOA Help the Naira?
Culled—Proshare October 22, 2016 /NASD Plc Recently the Nigerian Economic Summit launched what could well be a ‘Made in Nigeria’ philosophy. As the last “excess” from Nigeria’s crude oil production capacity dries up, the needs are startlingly obvious. The need for import reduction, local substitution and export generation highlight an […]
