September 1, 2019/SEC The securities and Exchange Commission, SEC has enjoined investors to make use of the Commission’s Complaints Management Framework, CMF, in expressing their reservations if any, in the capital market. The Acting Director General of the SEC, Ms Mary Uduk who stated this in an interview in Abuja […]
Investors Bite
Forte Oil Says Proposed Take Over by Ignite Investment and Commodities Ltd Yet to Secure Regulatory Approval
August 30, 2019/NSE This is to clarify to shareholders of Forte Oil Plc (“Forte Oil” or the “Company”) that the Proposed Offer by Ignite Investment and Commodities Limited (“Ignite Investments”) to other shareholders of Forte Oil is still under review by the relevant regulators and has not been formally launched. […]
Nigerian Stocks Dip -0.99%, Reverses Last Week’s Gains
August 30, 2019/Cordros Report Global Economy The US recently released its Q2-19 GDP reading (expenditure approach), which showed that the economy grew by 2.0% y/y, relative to 3.1% y/y reported in the prior quarter. The breakdown provided, showed a significant decline in business investment (-0.6% y/y), which we surmise is […]
