By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-East Africa’s first public owned oil and gas company, Swala Oil and Gas (Tanzania) Plc has given a price tag of 500 Tanzania shillings (TZS) per share which could value the company at 4.8 billion TZS in an initial public offering (IPO) which opened today […]
Author: InvestAdvocate
SEC Nigeria intervenes in ETI’s alleged breach
In its avowed commitment to ensuring sound corporate governance in the nation’s capital market, the Securities and Exchange Commission, SEC Nigeria, recently waded into issues relating to corporate governance breaches in Ecobank Transnational Incorporated (ETI). Both the intervention and its outcomes affirmed Nigeria’s pole position in market regulation in Africa. […]
CBN fines banks N1.2bn for violating agric credit scheme
The Central Bank of Nigeria (CBN) has fined banks N1.2 billion for violating the guidelines of the Commercial Agricultural Credit Scheme (CACS). Meanwhile, 165,510 jobs has been created through the scheme since inception in 2009. This was revealed in the apex bank’s report on the activities of the scheme for […]