Financial Regulatory Forum

    By Oludare Mayowa
   LAGOS, Feb 5 (Reuters) – The new head of Nigeria’s Securities and Exchange Commission (SEC) on Friday vowed tougher penalties for anyone infringing capital markets regulations in an effort to help restore investor confidence. (more…)

By Randy Fabi
ABUJA, Oct 2 (Reuters) – Nigeria’s central bank said on Friday it was providing 200 billion naira ($1.3 billion) to four banks judged to be facing a grave liquidity crisis and removed three of their chief executives.

The latest bank bailout in sub-Saharan Africa’s second biggest economy brings the total injection into the banking system over the past two months to almost $4 billion, paving the way to a restoration of confidence in the sector.

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By Nick Tattersall
LAGOS, Aug 24 (Reuters) – The head of Nigeria’s stock exchange on Monday denied being among debtors owing banks billions of dollars, the latest high-profile business figure to join a showdown with the country’s new central bank governor.

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By Nick Tattersall
LAGOS, Aug 19 (Reuters) – Nigeria’s anti-graft police have given defaulting debtors of five banks rescued in a $2.6 billion bailout, including some of the nation’s most powerful tycoons, a week to organise repayment or face arrest and asset seizures.

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   By Randy Fabi
   ABUJA, July 7 (Reuters) – Nigeria’s new central bank chief surprised markets by slashing interest rates by 2 percentage points on Tuesday, as he also set about reforming the banking sector and lifted foreign exchange controls. (more…)