In line with its zero tolerance for fraudulent activities of any sort, the Securities and Exchange Commission, on Tuesday, sealed the office of an alleged illegal fund manager, Avenue to Wealth. This action, according to SEC, follows several months of complaints by subscribers to the fund of some hidden dealings. […]
Author: InvestAdvocate
Eterna’s gross profit rises by 60%
Eterna Plc, a company quoted in the oil and gas sector of the Nigerian Stock Exchange has recorded improved activities for the year ended December 2011. The company recorded a gross profit of N2.4bn in the year under focus, compared to N1.5bn recorded the previous year. Similarly, its operating revenues […]
Oteh Lists Benefits of N22.6bn Forbearance Package
The Director-General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh, has commended the Federal Government on the N22.6 billion forbearance package for 84 stockbroking firms, saying the move would assist in boosting the market recovery. Speaking last week in Abuja, Oteh noted while the forbearance would improve the […]
