SEC moves to curb illicit funds in banking recapitalisation

punchng.com— The Securities and Exchange Commission has revealed its stance against the admittance of illicit funds into the capital market through the fresh banking recapitalisation exercise. The Executive Director (Operations) of the commission, Dayo Obisan, revealed this on Thursday at a symposium organised by the Association of Capital Market Academics of Nigeria, with the theme ‘Banking Read More

Legit.ng—Recapitalisation: Zenith, Access, Other Banks That Have Moved to Raise Capital Ahead of CBN Deadline. To meet the new capital requirements set by the Central Bank of Nigeria (CBN), big banks have sprung into action by looking to raise their capital base.

Zero Hedge—As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN. As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN After the prior week's almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off Source: Bloomberg The flows into money-market fund assets through April 24 mainly on the back of inflows by institutional investors, which had led the tax-related decline the...

Vanguard News—Recapitalisation will empower banks to lend more to economy — CIBN. Chartered Institute of Bankers of Nigeria, CIBN, has expressed support for the ongoing banking recapitalization exercise saying it will empower banks to lend more to the economy.