Central Bank of Nigeria Communiqué No. 70 of the Monetary Policy Committee Meeting, May 10-11, 2010

The Monetary Policy Committee (MPC) met on 10th and 11th May, 2010 to review domestic economic conditions during the first four months of 2010 and the challenges facing the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to reassess the course for monetary policy for the remainder […]

Financial Services Regulation And Coordinating Committee Issues New Rules On Margin Trading

The Financial Services Regulation Coordinating Committee (FSRCC) met on Friday May 21, 2010 with representatives of all member agencies in attendance. The Committee among other issues extensively discussed the need to issue clear-cut rules and guidelines on margin trading, to avert a repeat of the abuses and sharp practices that bedevilled margin trading in the […]

AMCON Bill Passed— Awaits Presidential Assent

The Asset Management Corporation of Nigeria (AMCON) Bill has finally been passed, following its harmonization by the Committee set up by the two chambers of the National Assembly and its adoption on Wednesday, June 23, 2010 by the Senate. It will be recalled that the House of Representatives had earlier adopted the harmonized bill.