Britain‘s financial services regulator said on Friday it had fined the UK subsidiary of Nigeria‘s Guaranty Trust Bank 525,000 pounds ($815,000) for failing to have adequate controls to prevent money laundering. The Financial Conduct Authority (FCA) said that between May 2008 and July 2010, GT Bank UK had failed to […]
Tag: InvestAdvocate
Consolidated Hallmark to pay N180m dividend
Consolidated Hallmark Insurance Plc has said it will pay out a total of N180m dividend to its shareholders for the 2012 financial period. The Chairman, CHI, Dr. Ralph Ekezie, said this during the firm’s 18th Annual General Meeting, which held in Lagos on Wednesday. “In line with our promise to […]
CRR: Banks may limit participation in bond market
Capital market analysts have said banks may reduce their positions in the fixed income market after the implementation of the Central Bank of Nigeria’s 50 per cent Cash Reserve Requirements on public sector deposits took effect on Wednesday. According to analysts at Meristem Securities Limited, in a report on the […]
