December 11, 2024/Coronation Research Summary Last week, market liquidity closed positive, at N632.38bn. Call, overnight, and repo rates closed within a range of 7.3% – 28.2%, as rates narrowed. In the Treasury bill market, average yields increased by 11bps to 25.27% pa, as the market sold off. At the primary […]
Author: InvestAdvocate
Nigerian Equities Extend Bullish +0.35 Higher on Blue Chips Interest
December 11, 2024/Cordros Report EQUITIES The local bourse extended yesterday’s bullish performance as bargain hunting in ARADEL (+7.5%), CONOIL (+10.0%) and WAPCO (+1.5%) drove the benchmark index 0.3% higher. Thus, the All-Share index closed at 98,509.68 points, with the Month-to-Date and Year-to-Date returns increasing to +1.0% and +31.7%, respectively. The […]
SEC Charges Three Individuals with Impersonating Financial Professionals in Fraud Scheme Targeting Retail Investors
December 11, 2024/US SEC The Securities and Exchange Commission today charged Chibuzo Augustine Onyeachonam, Stanley Chidubem Asiegbu, and Chukwuebuka Martin Nweke-Eze with fraud for impersonating legitimate securities brokers and investment advisers in an elaborate online scheme through which the defendants stole more than $2.9 million from at least 28 investors. […]
