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Market infractions: CBN, SEC fine 10 banks N2.5bn


Punch Newspapers
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Published 5:05 am
Three financial services regulators in the country have sanctioned 10 of the nation’s lenders to the tune of N2.5bn for committing various market infractions, findings by
Sunday PUNCH have shown.
Specifically, the Central Bank of Nigeria, Securities and Exchange Commission and Financial Reporting Council of Nigeria have sanctioned Guaranty Trust Bank Plc, Zenith Bank Plc, Access Bank Plc, FBN Holdings Plc, FCMB Group and five others for diverse market infractions.
The financial violations range from non-compliance with anti-money laundering procedures, non-compliance with ATM installation procedures, the opening of foreign branches without regulatory approval, and improper handling of customers’ accounts, among others. ....

Godwin Emefiele , Access Bank , Central Bank , Industrial Training Fund , First Bank , Zenith Bank , Sterling Bank , Access Bank Plc , Zenith Bank Plc , Bank Verification Number , United Bank , Nigerian Stock Exchange , Fidelity Bank , Guaranty Trust Bank Plc , Fidelity Bank Plc , Holdings Plc , Vantage Equity Fund , Exchange Commission , Fund Trust , Fbnquest Trustees , Africa Plc , Financial Reporting Council Of Nigeria , Union Bank , Fbnquest Capital , Financial Reporting Council , Nigerian Stock ,

NSE to buy 26% stake in Indian Gas Exchange - The Hindu BusinessLine


NSE to buy 26% stake in Indian Gas Exchange
February 11, 2021
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The National Stock Exchange (NSE) is likely to pick up a 26 per cent stake in the newly launched Indian Gas Exchange (IGX), an arm of the Indian Energy Exchange (IEX), sources familiar with the matter told
BusinessLine. The platform that will promote trading in natural was launched in June 2020 and started its operations in December.
The share price of IEX rose by 11.23 per cent or ₹30.35 to close at ₹300.7 on the BSE. The NSE is India’s largest trading venue for equities and currency derivatives. It has also launched commodity trading, which is yet to pick-up pace. ....

United States , Indian Gas Exchange , Cogencis Information Services , Eastspring Investments India Equity Open Ltd , India Private Equity Fund , Baillie Gifford Pacific Fund , Vantage Equity Fund , Indian Energy Exchange , Massachusetts Institute , Fidelity Investment Trust Series , Wf Asian Reconnaissance Fund , Smallcap World Fund Inc , National Stock Exchange , Adani Total Gas , Torrent Gas , Private Equity Fund , Smallcap World Fund , Massachusetts Institute Of Technology , Baillie Gifford Pacific , ஒன்றுபட்டது மாநிலங்களில் , இந்தியன் வாயு பரிமாற்றம் , இந்தியா ப்ரைவேட் பங்கு நிதி , பெய்லி கிஃபர்ட் பெஸிஃபிக் நிதி , வ்யாஂடேஜ் பங்கு நிதி , இந்தியன் ஆற்றல் பரிமாற்றம் , மாசசூசெட்ஸ் நிறுவனம் ,

This small cap stock gave 1,800% return in 9 months, tops 2020 multibagger list


This small cap stock gave 1,800% return in 9 months, tops 2020 multibagger list
The shares of this homegrown cloud communications provider delivered a massive return of 1,838 per cent over the last nine months, from its 52-week low of Rs 38 as on March 24, 2020
Chitranjan Kumar | January 6, 2021 | Updated 19:26 IST
Shares of Tanla Platforms closed 5% higher at Rs 936.6 on BSE on Wednesday
Shares of Tanla Platforms hit an upper circuit of 5 per cent at Rs 936.6 on Wednesday, extending its winning streak for the third consecutive session, after the homegrown cloud communications provider said it is set to launch a new digital platform in association with Microsoft later this month. Previously known as Tanla Solutions, the stock delivered a massive return of 1,838 per cent over the last nine months, from its 52-week low of Rs 38 as on March 24, 2020, and 878 per cent in six months. In the calendar year 2020, Tanla shares rose as much as 867 per cent, one of the highe ....

United States , Tanla Solutions , Massachusetts Institute Of Technology , Tata Group , American Fund Insurance Series , Vantage Equity Fund , Tanla Platforms , Domestic Small Cap Index , Domestic Small Cap , Amansa Investments , Mobile Techsol , ஒன்றுபட்டது மாநிலங்களில் , மாசசூசெட்ஸ் நிறுவனம் ஆஃப் தொழில்நுட்பம் , டாடா குழு , அமெரிக்கன் நிதி காப்பீடு தொடர் , வ்யாஂடேஜ் பங்கு நிதி , உள்நாட்டு சிறிய தொப்பி குறியீட்டு , உள்நாட்டு சிறிய தொப்பி ,