Other News

All Unclaimed Dividends To Be Forfeited After 12 Years
Policy

All Unclaimed Dividends To Be Forfeited After 12 Years

Unclaimed dividends will no longer have unlimited lifespan. The Securities and Exchange Commission has just declared that after 12 years, all unclaimed dividends will be forfeited to the Nigerian Capital Market Development Fund. This is contained in a statement introducing a proposed new rule the SEC is about to introduce […]

Bidco Calls London Protesters ‘Con Artists’
Global

Bidco Calls London Protesters ‘Con Artists’

In a bid state its side of the story, Bidco Africa has said the protesters that picketed outside Standard Chartered and Barclays Banks in London on Tuesday are ‘con artists’ trying to blackmail the company. The company says it has been fighting an anonymous and faceless group of online con […]

CBN Bans Nine Banks From Forex Market
Big Business

CBN Bans Nine Banks From Forex Market

The CBN has barred nine banks from all Forex transactions over their failures to remit NNPC funds in the TSA account. According to media reports, the Dollar funds were not remitted even after the presidency ordered all funds belonging to the government to be paid back into the TSA account. The […]