Author: InvestAdvocate

Nigeria’s E-payment Transactions Surge to Historic N1.07 Quadrillion in 2024

April 22, 2025/CSL Research According to data from the Nigeria Inter-Bank Settlement System (NIBSS), electronic payment transactions in Nigeria reached a historic high of N1.07 quadrillion in 2024 — the first time the country has hit the quadrillion mark. In dollar terms, this amounts to approximately US$702.6 billion, based on […]

Wema Bank Plc’s Rights Issue Of Up To 14 Billion Ordinary Shares

April 22, 2025/Cordros Update Cordros has information on Wema Bank Plc’s rights issue of up to 14 billion ordinary shares, and encourages you to download the rights circular and participation form. Note Download the Rights Circular for the Wema Bank Rights Issue. here Download the Rights Participation Form for the Wema […]

SEC Charges PGI Global Founder with $198 Million Crypto Asset and Foreign Exchange Fraud Scheme

April 22, 2025/US SEC The Securities and Exchange Commission today charged Ramil Palafox for orchestrating a fraudulent scheme that raised approximately $198 million from investors worldwide and for misappropriating more than $57 million of investor funds. According to the SEC’s complaint, Palafox’s company, known as PGI Global, claimed to be […]