Nigeria implements guard rule for $ 9.7 billion fund sector By Reuters


ABUJA (Reuters) – Nigeria has introduced a guard rule for its N4 trillion naira ($ 9.7 billion) fund management sector, in a bid to protect investors and deepen the market for capital of the country, announced Sunday its Securities and Exchange Commission.

Before the new rule, investment managers stored securities and cash, which meant investors could lose if any of them went bankrupt or insolvent.

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

Source link

About William G.

Check Also

BTC Price Hovers Above $ 61,000 Amid New Concerns Over Physical Bitcoin ETF’s Fate By Cointelegraph

© Reuters. (BTC) experienced a rare calm on October 16 as the market continued to …