Author: InvestAdvocate

HTC execs detained over leaked trade secrets; shares tumble

Three HTC Corp design executives were arrested on suspicion of leaking trade secrets, sending the Taiwanese smartphone maker’s shares tumbling on Monday as its troubles deepened amid a wave of senior staff departures and disappointing sales. Taipei prosecutors confirmed that HTC vice president of product design Thomas Chien, research and […]

Bank depositors paid N73.5bn dividend in 2012- NDIC

Managing Director/Chief Executive Officer, Nigerian Deposit Insurance Corporation, Alhaji Umaru Ibrahim, said a total of N73.5bn was paid as liquidation dividends to 250,209 depositors of Deposit Money Banks in 2012. He also said despite the daunting challenges in the nation’s financial market, the corporation paid a cumulative insured deposits of […]

NSE admits African Paints’ 108.46 million shares

The Nigerian Stock Exchange has admitted African Paints Nigeria Plc’s additional units of shares into the Daily Official List. According to the NSE’s report for the week ended August 30, 2013, 109 million additional units were admitted early last week. The report noted that the additional shares arose from the […]