New SEC statement confirms equities trading on Trove, Chaka, Bamboo, as illegal
Charles Abuede
April 9, 2021
Investment platforms seek more regulatory clarity from SEC Charles Abuede Online securities and investment trading platforms such as Trove, Bamboo, Chaka and Risevest, domiciled in Nigeria to offer the Nigerian public the unfettered access to securities of foreign and local companies listed on the Nigerian Stock Exchange and some on the international bourses […]
Elshcon Nigeria joins league of companies to successfully migrate from GAAP to IFRS
Chris IkosaFebruary 5, 2019
Elshcon Nigeria Limited (ENL), an integrated indigenous group of companies operating in the energy and maritime sectors with focus on value, client satisfaction and retention recently joined the league of very few Nigerian companies to successfully migrate from the Generally Accepted Accounting Practices (GAAP) to the more advanced International Financial Reporting Standards (IFRS). With a […]
IBM, CLS, banks test blockchain app store
Businessam StaffJuly 30, 2018
Foreign exchange settlement providers CLS, IBM and nine financial institutions, including Barclays Plc. and Citigroup Inc., are testing a platform to access blockchain-based applications, according to Reuters. The companies said on Monday that the platform, LedgerConnect, will offer applications and services provided by different vendors in areas such as customer compliance checks, sanctions screening and […]
Nigerian treasury bills oversubscribed 400% as investors bet on government, increased yield
Bukola OdufadeSeptember 21, 2017
Nigeria’s central bank Wednesday saw its fortnightly treasury bills auction oversubscribed 400 percent as total subscription outstripped the N140.9 billion it originally planned to raise by N418.1 billion. Actual subscription stood at N559 billion. However, the Central Bank of Nigeria could only allot bills worth N215.88 billion at the auction, which is N75 billion more […]