This appears to be the story now taking the rounds. There are allegations that there's a lot of insider dealings and price fixing going on in the stock exchange of which certain stockbrokers are involved in. Insider dealings refers to the usage of a company’s secret information possessed by a director, staff or privileged individuals to transact on such companies stock profitably at the expense of the uninformed public. Some of these funds are said to be funded by the CBN which had just recently suspended giving out more funds until those suspiscions are cleared. Obviously the NSE has outrightly denied it although the story seems to be believeable and i woudln't expect them to have acted otherwise. If this is true, what do you think the effects are to be.
