Since mid-2007, we had stridently made calls for reformation of the Nigerian stock market, we had published stories of infractions that threaten the integrity of the market, we had revealed manipulative antics of some operators and their collaborators, and had asked for more pro-active monitoring and supervision of the market, especially in transactions involving moribund companies. Some had hailed our courage for revealing the truth, some had vilified us, and some did not even pay any attention to our positions. But a five-month bearish run in the market has justified our position calling on all market players to play by the rules. The roll-out of emergency measures to put in abeyance the unwholesome domination of the capital market by the bears, have justified our principled position.
Yet, the surveillance continues.
Filed under: From the Archive | Tagged: altrusic illusion, cbn quarterly report, central bank governor, credit relationship, deposit money banks, dmb, inter-bank, mpr, naive watchers, nation's banking sector, nigerian stock exchange, nigerians, ol'victor ojelabi, professor of economics, soludo, uniform year end, unity bank, wema bank, yet the surveillance continues. | Leave a Comment »
