By Barnabas Esiet Lagos (INVESTADVOCATE)-Paul Angya, the acting director general of Standard Organisation of Nigeria (SON) on Tuesday issued a 24-hour ultimatum to dealers to destroy every fake tyre in their stock or face prosecution. Angya who gave the ultimatum at a stakeholder’s forum in Lagos said the era of […]
Tag: Dealers
Nigeria c.bank tightens rules for currency dealers to support naira
* Central bank to require dealers to park naira at c.bank before currency auctions * Naira has fallen 2.9 percent so far this year * Dealers say latest move unlikely to halt slide in local currency * Central bank has been selling $800 mln weekly at forex auctions Nigeria’s central […]
Nasdaq platform speeds up Nigeria bourse-dealers
* Dealers say new system is efficient and transparent * Say switch to Nasdaq platform to increase trading volumes The Nigeria Stock Exchange’s adoption this week of the Nasdaq X-Stream trading platform has improved the speed of transactions, dealers said on Friday. Monday’s switch is expected to increase trading volumes […]
