Tag Archives: capital market

SEC promises to ensure strict regulation of capital market

The regulatory body for capital market, the  Securities and Exchange Commission (SEC) has promised to intensify monitoring and surveillance of the capital market in order to curb unethical conduct. It should be noted that SEC has repeatedly warned the investing public against fraudulent and bogus investment schemes with unreasonable high returns. This disclosure is contained in a statement issued by ...

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Financial experts call on CBN to close exchange rate gap for more FDIs

To make the nation’s foreign exchange (forex) market attractive for foreign direct investments (FDIs) in 2018, the Central Bank of Nigeria (CBN) must do all within its powers to ensure rates’ harmonisation. This will mean closing the huge gap between the official exchange rate of N306/$ and the parallel market rate of N360/$, as it is a disincentive to genuine ...

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