By InvestAdvocate Lagos (INVESTADVOCATE)-28/9/2016-The Securities and Exchange Commission (SEC) in the exercise of its powers under Section 13 of the ISA, 2007 investigated complaints against WT Securities Ltd. and its Directors (Mr. Taofik Lawal and Mrs. Iyabode Lawal) and found them culpable of mismanaging the stocks of Mrs. Opral Mason […]
Updates
Naira plummets to all-time low of 472/dollar
29/9/2016/Punch ’Femi Asu The naira slumped to a new all-time low of 470 to the dollar on the parallel market on Wednesday, posting its biggest daily decline since the Central Bank of Nigeria adopted a flexible foreign exchange regime. The local currency stood at 452 to the dollar at the […]
Domestic Debate About Sale of State-Owned Assets
Culled—Proshare September 29, 2016/FBNQuest Research The past two weeks have seen a lively domestic debate about a fire sale of state-owned assets to rebuild official reserves and restore a fully functioning fx market. Supporters of a sale include Nigeria’s best known industrialist, the Senate president and a former head of […]
