Capital Markets

STRASBOURG (Reuters) – The European Commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations that pose a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday. The move is part of a crackdown against money laundering after several scandals hit EU banks […]

U.S. stock markets may have recovered slightly from sharp falls at the end of last year, but there’s still a risk of a significant downward trend, Robert Shiller, a professor of economics at Yale University and a Nobel laureate, told CNBC Wednesday. “I’m not confident of my ability to predict, but I think there’s a […]

World Bank President, Jim Yong Kim, who announced his resignation from the international bank, has revealed he is going into private business practice with Nigerian born businessman, Bayo Ogunlesi. Financial Times reports that Jim Yong Kim would join Ogunesi’s Global Infrastructure Partners, a New York-based private equity fund, in a position, where he would be […]

The Securities and Exchange Commission (SEC) south east zonal office is to commence a sensitisation programme on the process and benefits of e-Dividend, multiple subscription, e-processes and other contemporary issues in the Nigerian capital market. The programme will take the form of town hall meetings with stakeholders and the general public The SEC said the […]

U.S. stocks gained on Wednesday on hopes of a trade truce between the United States and China at the upcoming G20 Summit, while investors looked forward to Fed Chairman Jerome Powell’s speech for clues on the path of interest rate hikes. Though President Donald Trump talked tough ahead of a high-stakes upcoming meeting with China’s […]