6/7/2016/Reuters By Chuck Mikolajczak The U.S. Securities and Exchange Commission has approved plans by the New York Stock Exchange to speed up and smooth early morning trading in times of market stress. In a ruling released on Tuesday, the SEC said the NYSE could allow stocks to open for trading […]
Updates
N2.5bn bank debt: Court freezes R.T. Briscoe’s accounts, assets
7/7/2016/Punch Ramon Oladimeji Justice Ibrahim Buba of a Federal High Court in Lagos has barred R.T. Briscoe Nigeria Plc from accessing its funds in various commercial banks in the country over an alleged bank indebtedness of N2.5bn. The judge also restrained the company and its agents “from tampering with, alienating, […]
Alleged fraud: EFCC to re-arraign ex-MDs Akingbola, Atuche, Nwosu
7/7/2016/Punch Eniola Akinkuotu The Economic and Financial Crimes Commission says the trial of three former Managing Directors of defunct banks has received a major boost. The three bank Managing Directors include Mr. Erastus Akingbola of the defunct Intercontinental Bank, who is accused of stealing N47.1bn; the MD of the defunct […]
