Less than 24 hours after the Monetary Policy Committee of the Central Bank of Nigeria announced the increase in the Cash Reserve Requirement on all public sector deposits to 75 per cent, indications have emerged that Deposit Money Banks are already considering job cuts and massive reduction in other operating […]
Tag: Nigeria
SEC Approves Investor Protection Fund Rules
Today, Wednesday, 22 January 2014, The Exchange received the Securities and Exchange Commission’s approval of the Investor Protection Fund Rules. This is a welcome development which will enable the Board of Trustees of the Investor Protection Fund to carry out the duties for which the Fund was established, in line […]
S.Africa’s Tiger Brands to acquire Kenyan firm for $25 mln-paper
South African food company Tiger Brands has agreed to buy a Kenyan milling and confectionery firm for $25 million, the Business Day newspaper reported on Tuesday, citing a company executive. The Johannesburg-based maker of bread and breakfast cereal will acquire flour milling company Rafiki Mills, corporate affairs group executive Alex […]
