Author: InvestAdvocate

Exchange Council Approves New Rules for Brokers

The Council of the Nigerian Stock Exchange (NSE) has approved many new rules and made amendments to the rules governing dealing members. In a notification entitled: Additions and amendments to rules and regulations governing dealing members and invitation for comments, sent to licensed stockbrokers, the NSE indicated that the new […]

Heritage Bank Opens First Set Of Branches

Heritage Bank, the newest player in the Nigerian banking sector, has opened its first two branches in Marina, Lagos and Dugbe in Ibadan, the Oyo State Capital. While the Marina branch went on stream mid-March, the Ibadan office opened for business in the first week of April. Describing the development […]

CBN, SEC, Others, Lament Resurgence of “Wonder Banks”

The Central Bank of Nigeria (CBN), the Securities & Exchange Commission (SEC), the Economic & Financial Crimes Commission (EFCC), under the Inter-Agency Committee on Illegal Fund Managers/’Wonder Banks’ have once more alerted the public on the resurgence of the operators. According to a statement, the committee, whose members also include […]