January 29, 2019/InvestmentOne Update Treasury Bills are financial instruments issued by the Central Bank of Nigeria (CBN) on behalf of the Federal Government. The Government uses them to raise funds and to provide liquidity to financial markets. They are guaranteed by the Government and as long as Nigeria doesn’t renege […]
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Intraday Update: Nigerian Stocks Down -0.27% on Sell-Offs in Banking Names
January 29, 2019/InvestmentOne Update ASI as at 12.00pm: -0.27%. Market movers: NEIMETH (-10.00%), ACADEMY (-10.00%), UAC-PROP (+9.55%), PZ (+7.52%). Sector Performances: Banking (-0.83%), Consumer Goods (+0.13%), Oil & Gas and Industrial. Market activity: In today’s early trade, total volume and total value declined by 35% and 51% compared to this time […]
Court Orders $1 Billion Judgment Against Operators of Woodbridge Ponzi Scheme Targeting Retail Investors
January 28, 2019/US SEC The Securities and Exchange Commission today announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. The Honorable Judge Marcia G. Cooke of the […]
