Barclays Facing £49m Fine for Misleading Investors US Dark Pool Trading Operations

The UK-based bank has been accused of not making it clear to its clients that particularly aggressive traders, known as high frequency traders, were using the private platform.

"Dark pool" trading operations allow investors to trade large blocks of shares but keep the price private.

The bank declined to comment.

FIRE DESTROYS SHOPS, MRS FILLING STATION- KETU IN LAGOS

No fewer than 200 shops were destroyed on Thursday after fire razed some sections of the sawmill in the Jakande Market, in the Ikosi-Ketu area of Lagos State.

This is just as a fuel-laden tanker went up in flames at the MRS filling station in the Lawanson area of the state.

The Ketu fire, which started around 4am, also destroyed three cars, an office and a toilet facility within the market. Traders estimated their losses at millions of naira.

Jakande Market

PUNCH Metro learnt that the fire was caused by an electrical surge from two of the prepaid meters in the saw mill.

Most of the victims approached by our correspondent declined comments as some of them were busy salvaging what remained of their property.

A trader, lamenting his loss, said in Yoruba, “What do you want us to be saying when our property has been destroyed? About 200 shops and several milling machines were burnt. I just brought goods of about N3m yesterday (Wednesday) and everything is gone just like that. One of the burnt cars was bought a few months ago.”

Another shop owner, Waheed Adekeye, said he lost his planks and machines worth N5m to the inferno.