Firms receive credit for cooperating with SEC’s investigations November 22, 2024/US SEC The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges that they filed with law enforcement suspicious activity reports (SARs) that […]
Author: InvestAdvocate
NGXASI Dips -0.18% on Sell Pressure in FBNH, UBA
November 22, 2024/InvestmentOne Report The NGXASI declined today by 0.18% to close at 97,892.02pts, as the selling pressure noted in FBNH (-5.75%), WAPCO (-5.26%) and UBA (-1.67%) drove the local bourse into the red zone. In the fixed income space, the Treasury Bills secondary market was mostly positive today as yields had […]
Decline in Oil Prices Poses Risk to Revenue Funding for 2025 Budget
November 22, 2024/CSL Research The Federation Account Allocation Committee (FAAC), at its November 2024 meeting held in Bauchi shared a total sum of N1.41 trillion among the Federal Government (N433.02bn), States (N490.69bn), and Local Government Councils (N355.6bn). Additionally, oil-producing states received N132.4bn as derivation fund (13% of mineral revenue). This […]
