The approval being sought by the Central Bank of Nigeria, CBN, from the National Assembly to establish an Asset Management Company, AMC, that would take over the bad loans associated with margin facilities obtained by stockbroking firms, estimated at over N3 trillion, may suffer a set back as stockbrokers under the aegis of Association of Stockbroking Houses of Nigeria, ASHON, are opposing some of the contents because it favours only the banks and not the entire financial system. - full story