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| Citigroup agrees $75m fraud fine |
| Banking giant Citigroup has agreed to pay $75m (£48m) to settle civil charges that it misled investors over potential losses from high-risk mortgages.It agreed the settlement with US financial watchdog the Securities and Exchange Commission (SEC).
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| CBN partner Security Commission on single registrar |
| The Central Bank of Nigeria (CBN) has said it is working with the Securities and Exchange Commission (SEC) towards creating a single registrar for all securities in the capital market.Samuel Oni, CBN Director for Banking Supervision, who stated this at a |
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| CBN: 10 Banks Have N1.5tr Negative Capital |
| Ten banks that failed a joint examination conducted last year for 24 of them by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) currently have a negative capital of N1.5 trillion, the apex bank Governor Sanusi Lamido |
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| SEC may step into Stock Exchange crisis
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| An opportunity appears to have been opened for the Arunma Otteh-led Securities and Exchange Commission (SEC) to push its agenda of full regulatory oversight following a fresh allegation of financial impropriety against the management of the Nigerian Stock |
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| SEC says Afribank, executives manipulated 2007 public offer |
| The Securities and Exchange Commission (SEC) yesterday accused Afribank and its senior executives of manipulating the bank’s December 2007 public offer in an elaborate scheme that was deliberately designed to buy back its shares deceive the market.
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