In order to ensure uniform practice and correct treatment of Bankers Acceptances (BAs) and Commercial Papers (CPs) by Banks and Discount Houses in Nigeria, it has become imperative to issue these guidelines.
I will divide this speech into two parts. First, I wish to review the current economic and financial environment. Second, I will discuss the monetary policy decisions taken by the Governing Council in last week's meeting.
FINRA yesterday announced it has censured and fined J.P. Morgan Securities LLC (JPMS) $1.1 million for failing to timely disclose 89 internal reviews or allegations of misconduct by its registered representatives and associated persons spanning a six-year period.
Oil prices could test the US$80 a barrel Brent Crude price, following the attacks on the Abqaiq facility and the Khurais oil field in Saudi Arabia this weekend, S"P Global Platts Analytics said in a note.
As countries across the world sustain the drive towards mitigating the dangers of non-degradable waste, participants at the CEO Roundtable on Sustainability have hinted that Nigeria stands a good chance of bending the curve in good time, only if the private and public sector can collaborate strategically.
Hundreds of existing and start-up entrepreneurs based in Oyo State have benefitted from the seventh edition of the First City Monument Bank (FCMB)-organised free comprehensive capacity building programme, tagged, "Business Enterprises and Sustainability Training (BEST)", for Small and Medium Scale Enterprises (SMEs).
Keynote speaker at the recent Capital Market Conference organized by the Securities and Exchange Commission (SEC) in collaboration with the University of Lagos, Mrs Toyin Sanni made a strong case for Nigeria to deepen its financial literacy level.