Stories by Abdulrahman Abdulraheem

The Securities and Exchange Commission (SEC) has dragged former Group Managing Director of Union Bank Plc, Mr. Bartholomew B. Ebong, directors of the bank and its subdiary -  Union Trustees  Limited- as well as about 30 others to   the Investments and Securities Tribunal (IST) for alleged involvement in price fixing, share price manipulation, fraud, and insider trading .

The Central Bank of Nigeria (CBN) has confirmed the recapitalisation of Wema Bank Plc to the tune of N7.5 billion. 

The Manufacturers Association of Nigeria (MAN) has blamed the National Agency for Food and Drug Administration and Control (NAFDAC) for the increase in foreign products in the country. Mr Innocent Umoh, Vice President, MAN Group for Toiletries and Soaps told the News Agency of Nigeria (NAN) yesterday in Lagos that the trend had impacted negatively on local industries.

The Central Bank of Nigeria (CBN) has warned authorised dealers participating in its weekly Whole Dutch Auction System (WDAS) foreign exchange to adhere strictly to the policy of keeping accounts fully funded both at the time of bidding and disbursement or risk disqualification.