Tag Archives: SEC

CBN Approves Special Forex Intervention For Airlines

CBN Approves Special Forex Intervention For Airlines The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange. NAN report’s that the Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr. James Odaudu, announced the plan in a statement in Abuja on Friday. …

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‘FirstBank now sole Foreign Exchange Dealer to BDCs’

‘FirstBank now sole Foreign Exchange Dealer to BDCs’ Following the complicity of some banks in handling foreign exchange transaction with Bureau de Change (BDC) in the domestic economy, the Central Bank of Nigeria (CBN) has announced FirstBank the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change operators. According to First Bank, the announcement is coming on the heels …

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Adeosun Speaks at Workshop on Cost Management, Says Eliminating Waste is a National Duty

Adeosun Speaks at Workshop on Cost Management, Says Eliminating Waste is a National Duty   The Minister of Finance, Mrs. Kemi Adeosun on Thursday disclosed that the Federal Government would soon issue a new template on approved expenses for state-owned enterprises as efforts are being intensified to control the nation’s recurrent expenditure. The Minister gave the hint at a workshop …

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CBN assures that Nigerian Banks are Liquid … to Sanction Customers Withdrawing Above $50,000 Annually

CBN assures that Nigerian Banks are Liquid … to Sanction Customers Withdrawing Above $50,000 Annually From FRIDAY EKEOBA Piqued by some international financial reports, that seven banks in the domestic economy are undercapitalised, the Central Bank of Nigeria (CBN) has assured both local and international investors that all banks in the country are solvent to carry out banking operations. The …

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NSE Organises First Market Data Workshop  …Celebrates X-Gen at 3

   The Nigerian Stock Exchange (“The Exchange or NSE”) in collaboration with Independent Software Vendors (ISVs) and Market Data Vendors (MDVs) is set to host its inaugural Market Data Workshop, on Tuesday, October 18, 2016 at The Civic Center, Victoria Island, Lagos. The workshop aims to increase awareness on the critical role of Market Data in making sound investment decisions …

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Sukuk Issuance Gets Major Boost …guidelines for granting liquid assets approved

Sukuk Issuance Gets Major Boost …guidelines for granting liquid assets approved The Sukuk Inssuance, the non-interest equivalent of bonds has recieved the Central Bank of Nigeria (CBN) approval “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments”. The Securities and Exchange Commission (SEC) who brought this information to the capital market community yesterday, said this will …

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CBN Reels-Out Guidelines for Granting Liquid Asset Status to Sukuk

CBN Reels-Out Guidelines for Granting Liquid Asset Status to Sukuk The Central Bank of Nigeria (CBN) has reeled-out the guidelines for granting liquid asset status to Sukuk Instruments issued by state governments. The apex bank on Friday stated in the document listed on its website that the move was to enhance the diversification of sources of funding for development at …

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Recession: Nigeria will soon be out of economic downturn-British High Commission …To Provide Technical Expertise For Recovery

From Left: Oscar N. Onyem, Chief Executive Officer, NSE and Paul Thomas Arkwright, British High Commissioner to Nigeria at the Closing Gong Ceremony at the Exchange today. Recession: Nigeria will soon be out of economic downturn-British High Commission …To Provide Technical Expertise For Recovery FRIDAY EKEOBA In line with its positive trade partnership with the domestic economy, the British High …

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SEC Bans Two From Capital Market For Life

SEC Bans Two From Capital Market For Life The Securities and Exchange Commission (SEC) in the exercise of its powers under Section 13 of the ISA, 2007 investigated complaints against WT Securities Ltd. and its Directors (Mr. Taofik Lawal and Mrs. Iyabode Lawal) and found them culpable of mismanaging the stocks of Mrs. Opral Mason Benson, and the unauthorized sale …

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