Author: InvestAdvocate

U.K. Is Stripped of Triple-A Rating

By MATTHEW WALTER, CASSELL BRYAN-LOW and CHARLES FORELLE Moody’s Investors Service MCO +1.69% stripped the United Kingdom of its triple-A credit rating, predicting economic weakness will weigh on public finances for years to come. Moody’s lowered the U.K.’s domestic and foreign-currency bond rating one notch to Aa1 and changed its outlook […]

Court Orders EFCC to Produce Properties Recovered from Ibru

A Federal High Court sitting in Lagos has issued a three-day ultimatum to the Economic and Financial Crimes Commission (EFCC) to provide details of properties recovered from erstwhile Chief Executive Officer of Oceanic Bank Plc, Mrs. Cecilia Ibru, as demanded by Mr. Boniface Okezie, president of the Progressive Shareholders Association […]

Africa Prudential Registrars Appoints Elumelu, Rasheed Non-Executive Directors

By Our Correspondent Lagos (INVESTADVOCATE)-Newly listed Africa Prudential Registrars Plc Friday said it has reconstituted its Board by the appointment of Elumelu Peter and Rasheed Olaoluwa as Non-Executive Directors. This is contained in a Notice from the Company to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com in […]