By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday declared illegal the activities of Equation Global Service Solutions Limited operating in Port Harcourt River State, South South Nigeria. ‘’Our attention has been drawn to the illegal operations of one investment company, Equation Global Service Solutions Limited […]

The Group Managing Director/Chief Executive Officer, Access Bank Plc, Mr. Herbert Wigwe, says the financial sector is losing a huge chunk of its revenue to frauds. He also said frauds and anti-money laundering activities had reduced the amount of Foreign Direct Investment coming into the country. Wigwe spoke at a […]

Sep 12, 2014/Bloomberg HSBC Holdings Plc (HSBA) will pay $550 million to resolve accusations of misconduct in its handling of mortgage securities sold to taxpayers before the financial crisis. The U.S. unit of the London-based lender, HSBC North America Holdings Inc., reached the deal to end Federal Housing Finance Agency […]