Harmonised Code of Corporate Governance for Private Sector in Nigeria, 2016: Highlights and salient provisions

A milestone has been achieved in Nigeria’s Corporate Governance landscape with the commencement of the much anticipated National Code of Corporate Governance from October 17, 2016. The commencement is coming almost three years later than the originally planned date – January, 2014. According to The Financial Reporting Council of Nigeria (FRC), the Code of Corporate…

Nigerian Stock Exchange to introduce Corporate Governance Index for listed companies

It is now a well settled fact that good corporate governance is instrumental to the overall well-being and productivity of corporate organisations. The global financial crisis provided a classic case of the effect of weak corporate governance in corporate organisations. In Nigeria, some corporate failures exposed the gross deficiencies in the area of Corporate Governance…

Mandatory biometric data capture for trading on the Nigerian Stock Exchange: A proposed amendment to the rules.

Introduction The Nigerian Stock exchange is proposing amendments to the Rules and Regulations Governing Dealing Members (The Rules) to bring it in line with global best practices and achieve a balance between promoting investment and deterring wrongful behaviour in the market. One of the key amendments proposed is to effect the prohibition of money laundering…