The Nigerian Exchange Limited has imposed fines and corrective measures on five brokerage firms for engaging in market manipulation and price distortion.
The affected firms have been slapped with a cumulative fine of N291.29 million. The sanctions are part of efforts to curb unethical trading practices on the exchange.
The Nigerian Exchange Limited has taken steps to address market manipulation and price distortion by imposing fines and corrective measures on five brokerage firms.
The five firms have been identified as the main culprits in the recent market manipulation and price distortion cases.
The fines and corrective measures aim to restore confidence in the exchange and ensure fair trading practices.
