Financial experts have faulted the debt relief package given to 84 stockbrokers by the Federal Government, saying that the action will promote moral hazard. A report by the Financial Derivatives Company Limited noted that the selection of 84 stockbrokers to be anointed as debt-free, threw out the question of selective […]
Tag: Stockbrokers
84 Stockbrokers gets N22.6 billion forbearance on Margin Loans
– Transaction Fees others scraped By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-84 Stockbrokers has been granted a N22.6 billion forebearance on Margin Loans at the Nigerian Capital Market (NCM). This is contained in an address Monday by Ngozi Okonjo-Iweala, Nigeria’s Minister of Finance at Press Conference in Abuja Nigeria and […]
Non-compliance: NSE Reports Cappa & D’Alberto to SEC
The Nigerian Stock Exchange (NSE) has reported Cappa & D’Alberto Plc, a company listed in the construction sector of the exchange, to the Securities and Exchange Commission (SEC) for failing in its financial obligations to shareholders and the exchange. In a notification to stockbrokers, the management of NSE said the […]
