August 7, 2024/US SEC The Securities and Exchange Commission charged Taylor Woods and Howard Wu, the co-founders and co-owners of Urban Commons, LLC, with securities fraud involving two schemes to defraud two sets of investors related to investments in and ownership of thirteen hotels in the United States, including the […]
Author: InvestAdvocate
Nigerian Stocks Market Gains +0.2%, Buoyed by FBNH, OANDO to Reverse Previous Loss
August 7, 2024/Cordros Report EQUITIES The domestic stock market reversed yesterday’s losses as buying interests in OANDO (+10.0%) and FBNH (+4.6%) underpinned market’s performance. As a result, the All-Share index notched a 0.2% gain to close at 97,119.03 points. Accordingly, the Month-to-Date and Year-to-Date returns printed -0.7% and +29.9%, respectively. […]
Court Nullifies Sale of 49% Equity Stake in Nigeria Air to Ethiopian Airlines
August 7, 2024/CSL Research According to news reports, a Federal High Court in Lagos has nullified the sale of a 49% equity stake in Nigeria Air to Ethiopian Airlines. In his ruling, the Presiding Judge declared the stake sold to Ethiopian Airlines as null and void. He also ordered a […]