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Hedge funds, small investors and their stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social-media driven trading frenzy that has roiled stocks and silver prices.
Robinhood says it temporarily curbed buying of some securities as deposit requirement increased ten-fold
“....the required amount we had to deposit with the clearing house was so large - with individual volatile securities accounting for hundreds of millions of dollars in deposit requirements - that we had to take steps to limit buying in those volatile securities to ensure we could comfortably meet our requirements,” it said in a blog post late on Friday.
Two persons were feared killed while one was injured as bank robbers attacked a bullion van at Bolorunduro area in Ondo East council area of Ondo state.
Ondo State Governor Rotimi Akeredolu has commiserated with the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, over the death of his son, Pastor Dare Adeboye.
Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand.
Nigeria’s Vice President, Prof. Yemi Osinbanjo, on Thursday, insisted that the unity of the country should not be compromised in anyway.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has assured Nigerians that the Port Harcourt Refinery Complex (PHRC) will roar back to life on or before April 5, 2023 when repairs would have been completed.
Despite claims that the Nigerian military is underfunded and lack the equipments and weapons to execute the war against terrorism, the service has gotten N197 billion.
Nigerian fintech companies accrued most investments on the continent despite the impact of coronavirus pandemic in 2020.
The Minister of Women Affairs, Senator Pauline Tallen, has said 30 per cent of women and girls between the ages of 15-49 experience different forms of sexual abuse.
Former President Donald of the United States is in global news again. And it is also for a negative reason! His ban by Facebook which happened on 7 January 2021, a day after his ‘storm troopers’ invaded the US Capitol in Washington, was, today, 5 May, upheld by the social medium’s oversight board.
The Oghara Development Union (ODU), Lagos branch, has asked the Attorney General of the Federation, Abubakar Malami, to tell Nigerians the truth about the delay in repatriating the proceeds of assets confiscated from the three ladies in the former Governor James Ibori money laundering trials.