Cocoa output in Nigeria, the world’s fourth-biggest producer, is expected to advance by 10 percent in 2013-14 as rising prices last year lead to the planting of more disease-resistant beans, an industry group said. Cocoa rallied 21 percent in New York last year partly on speculation dry weather would damage […]
Frauds & Scandals
SEC judge bars “Big Four” China units for six months over audits
Chinese units of the global “Big Four” accounting firms should be suspended from auditing U.S.-listed companies for six months, a judge in the United States ruled, in an escalation in a long-running dispute over regulators’ access to documents. In a harshly worded 112-page ruling, Securities and Exchange Commission Administrative Law […]
EFCC, Stockbrokers Partner to Check Money Laundering in Capital Market
The Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Lamorde has called for collaboration between the anti-graft agency and the Association of Stockbroking Houses of Nigeria, ASHON, to rid the capital market of incidence of money laundering, fraud and imposters. Lamorde made this call on Tuesday, January 21, […]
