Nigeria: Stock Market Crashes Will Occur - Soludo

The former governor of the central bank, Chukwuma Soludo, says that no amount of regulation will stop the stock market from crashing in future.

Photo: CBN

Central Bank of Nigeria.

  • Nigeria:  Crash in Capital Market Will Happen Again - Soludo

    Vanguard, 16 May 2012

    Former Governor of Central Bank of Nigeria, Professor Chukwuma Soludo, yesterday, painted a gloomy picture of the Nigerian Capital Market as he told the House of Representatives ... read more »

  • Nigeria:  Soludo - Stock Crashes Not Preventable

    This Day, 16 May 2012

    Former Governor of Central Bank of Nigeria (CBN), Prof Chukwuma Soludo, Tuesday admonished Nigerians to stop crying over split milk in the aftermath of the global financial ... read more »

  • Nigeria:  SEC Commissioners Disown Oteh

    Vanguard, 10 May 2012

    THE on-going Public Hearing on Near Collapse of the Capital Market in Nigeria took another twist, yesterday, as principal officers of the Securities and Exchange Commission sang ... read more »

  • Nigeria:  Top Staff Tell Reps Hearing - Oteh Runs Solo Show At SEC

    Daily Trust, 10 May 2012

    Senior officials of the Securities and Exchange Commission yesterday told a legislative hearing that their director general Arunma Oteh arbitrarily run the affairs of the ... read more »

  • Nigeria:  CBN's D'Gov, Oteh Lied, Says Ex Afribank GMD

    This Day, 10 May 2012

    Former Group Managing Director of Afribank, Mr. Sebastian Adigwe, Wednesday alleged that the Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh and ... read more »

  • Nigeria:  Representatives Query Oteh Over Intercontinental Bank Acquisition by Access

    Leadership, 10 May 2012

    The House of Representatives panel investigating the near collapse of Nigeria's Capital Market yesterday exposed bitter internal wrangling between staffers of the Security and ... read more »

  • Nigeria:  How Stock Market Collapsed, by Oteh (analysis)

    This Day, 8 May 2012

    Director-General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh, Monday revealed that poor corporate governance and multiple fraudulent practices prevalent in the ... read more »

  • Nigeria:  How Okereke-Onyuike Ruined Capital Market - Oteh

    Daily Trust, 8 May 2012

    The Director General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh, yesterday gave a graphic details of how the former Director General of the Nigerian Stock ... read more »

  • Nigeria:  Capital Market Probe - NSE Spent N1.3 Billion On Travel Expenses in 2009, Oteh Alleges

    Vanguard, 8 May 2012

    DIRECTOR General of the Securities Exchange Commission, SEC, Ms. Arunma Oteh, has alleged that the Nigerian Stock Exchange, NSE, spent N1.3 billion on travel expenses alone in ... read more »

  • Nigeria:  Banks Used Fake Firms to Crash Capital Market

    Leadership, 8 May 2012

    The director-general of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh, that the extent and nature of the market abuses carried out between 2006 and 2008 are the ... read more »

  • Nigeria:  Stock Market Closes Northwards On Impressive Bank Results

    Leadership, 7 May 2012

    Transactions on the Nigerian Stock Exchange(NSE) closed in the green zone to what some market experts attributed to investors' renewed confidence in the local bourse following the ... read more »

  • Nigeria:  Oteh Faces House Capital Market Panel Today

    Daily Trust, 7 May 2012

    The Director General of the Securities and Exchange Commission (SEC), Ms Arumna Oteh, is billed to appear before the House of Representatives ad-hoc committee investigating the ... read more »

  • Nigeria:  Capital Market Collapse - Dangote, Otedola, Soludo to Face Representatives Panel

    Leadership, 5 May 2012

    The House of Representatives, Ad-Hoc committee investigating the near collapse of Nigeria's market yesterday issued a Tuesday summon to leading business tycoons, Aliko Dangote, ... read more »

  • Nigeria:  Sanusi - CBN's Negligence Caused Capital Market Crash

    Daily Trust, 3 May 2012

    Lack of effective supervision on the part of various regulatory agencies including the Central Bank of Nigeria (CBN) was responsible for the near collapse of the Nigerian Capital ... read more »

  • Nigeria:  How Banks Destroyed the Stock Market House Probe

    This Day, 3 May 2012

    The Central Bank of Nigeria (CBN) Wednesday said the recent downturn witnessed in the Nigerian capital market was fuelled by sharp practices by some commercial banks in the ... read more »

  • Nigeria:  CBN Blames Banks, SEC, NSE for Capital Market Crash

    Leadership, 3 May 2012

    The Central Bank of Nigeria (CBN) yesterday blamed the near collapse of Nigeria's capital market on sharp practices of some commercial banks and a "systemic" failure of regulators ... read more »

Buildings in Abuja, Nigeria.

  • Nigeria:  CBN Blames Capital Market Crisis On Sharp Practices

    Leadership, 2 May 2012

    The Central Bank of Nigeria (CBN) on Wednesday in Abuja blamed the crisis in the Nigerian Capital Market on sharp practices and insider abuses. read more »

  • Nigeria:  Capital Market Needs Fund Injection, Trustees Tell FG

    This Day, 25 April 2012

    The Association of Corporate Trustees (ACT) last week called for the injection of funds into the Nigerian capital market by the Federal Government as a way of bailing it out from ... read more »

  • Nigeria:  The Blame Game Continues (analysis)

    This Day, 23 April 2012

    To satisfy my curiosity, I spent some hours last week watching the first round of presentations at the reconstituted probe of the equities market in the House of Representatives. read more »

  • Nigeria:  Capital Market Probe - Issues Yet to Be Addressed By the Committee

    Vanguard, 23 April 2012

    The issues and malpractices that characterised the market before 2009 and led to the collapse of the Nigerian capital market is yet to be raised and addressed by any of the ... read more »

  • Nigeria:  House of Representatives to Probe Unclaimed Dividends

    Vanguard, 20 April 2012

    The House of Representatives, Wednesday, directed its Committee on Capital Market and other institutions to investigate the high volume of unclaimed dividends in quoted companies ... read more »

  • Nigeria:  SEC Probe - Oteh Not Qualified for SEC Job - Stakeholders

    Leadership, 19 April 2012

    Stakeholders in the capital market, yesterday, said that the near collapse of the Nigeria Capital Market was due partly to the fact that the current Director General of the ... read more »

  • Nigeria:  Capital Market - Stakeholders Say SEC DG Unqualified

    Daily Trust, 19 April 2012

    Stakeholders operating in the Nigerian capital market yesterday alleged that the Director General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh was not qualified ... read more »

  • Nigeria:  Representatives Summon Soludo, Others Over Stock Market Crisis

    Daily Trust, 18 April 2012

    The House Committee on Capital Market and Institutions flagged off its fresh investigation into the near collapse of the Nigerian capital market with a summon to key players in the ... read more »