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(AFX UK Focus) 2010-05-25 18:31 UPDATE 1-Nigeria central bank introduces margin trading rules

LAGOS, May 25 (Reuters) - Nigeria's central bank on Tuesday announced rules to regulate margin trading in a bid to avert a repeat of the reckless lending that led to an asset bubble and the near-collapse of the banking system last year. The central bank said the FSRCC -- a committee of financial regulators in sub-Saharan Africa's second biggest economy -- had decided to limit banks' exposure to ...
Read the rest of the story on Yahoo Nigerian News

Added May 25, 2010
from Yahoo Nigerian News