The Nigerian Stock Exchange has in line with its zero-tolerance for market infractions imposed sanctions – from fines to suspension – on operators and other market participants. However, the report of the Exchange’s Disciplinary Committee for 2013, showed that the battle to check infractions was not over even though reforms […]
Frauds & Scandals
Benue Sells 7.0 billion Naira Units in Dangote Cement, Opposition queries motive
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Benue State has sold about 30 million units of its shares worth 7.0 billion naira in Dangote Cement Plc (DANGCEM) held in trust for the indigenes by the Benue Investment and Property Company Limited, a source familiar with the deal confirmed to InvestAdvocate. Our source […]
Poor Performance: UnityKapital Assurance Suspends MD, Two EDs
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Insurance firm, UnityKapital Assurance Plc (UNITYKAP) on Friday said it has suspended Kins Ekebuike as managing director/chief executive officer (MD/CEO) and two (2) other executive directors (EDs), the company said an issuer’s announcement to Nigerian Stock Exchange (NSE). This is coming after the board […]
