Updates

SEC Reacts to NECA’s Flay on Quoted Companies Sanctions

October 11, 2016/SEC The attention of the Securities and Exchange Commission (“SEC”) Nigeria has been drawn to a publication in The Guardian newspaper of Friday October 7, 2016 on the above caption “RE: NECA FLAYS SANCTIONS ON QUOTED COMPANIES BY SEC”. We hereby wish to put the issues in proper […]

South African finance minister to face fraud charges, rand plunges

October 11, 2016/Reuters By Joe Brock South African prosecutors on Tuesday ordered Finance Minister Pravin Gordhan to appear in court on Nov. 2 over allegations he broke public finance rules by granting a colleague early retirement, news that sent the rand and share prices reeling. The currency dropped as much […]

Nigeria to auction 138 bln naira in treasury bills

October 11, 2016/Reuters Nigeria plans to sell 138.16 billion naira ($454.47 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Tuesday. In a public notice, the bank said it would raise 36.78 billion naira in three-month papers, 35 billion naira in six-month bills and […]