Updates

E-Payment: CBN Amends Guidelines on Transaction Switching

October 19, 2016/CBN In strengthening the electronic payments system landscape in Nigeria, the Central Bank of Nigeria took cognizance of the need for a competitive environment while promoting shared services and innovation. The Bank, in ensuring that the Guidelines on Transaction Switching Services in Nigeria support the objective for payments […]

SEC Says Ruby Gold Ventures id Illegal Operator

October 19, 2016/SEC The attention of the Securities & Exchange Commission has been drawn to an illegal operator in the Capital Market known as RUBY GOLD VENTURES (CRYPTO CURRENCY INVESTMENT). RUBY GOLD VENTURES is not registered by the Commission to perform any function in the capital market. Its operations/activities in […]

Oakbay Responds to Application by Minister of Finance

October 19, 2016/Oakbay Investments Ltd Yesterday afternoon, van Der Merwe Associates (“VDMA”) notified the Minister of Finance’s attorneys of their client’s (the Oakbay Group of companies) intention to oppose the application issued under case number 80978/16 on 14 October 2016 – unless the Minister of Finance withdraws the application and […]