August 8, 2018/NSE We wish to notify The Exchange, our shareholders and our esteemed stakeholders that the Board of Directors of Staco Insurance Plc (the Company) at its meeting held in Lagos on the 30th day of July 2018, passed a resolution dismissing Dr. Sakiru Oyefeso as the Chief […]
Investors Bite
Zenith Bank Plc H1 2018 Results – Lower Impairment Charges Buoy Profitability
Culled–Proshare 7/8/2018/Cardinalstone Research Gross earnings shrank by 15.3% YoY to N322.2 billion, within our estimate of N335.1 billion (-3.8% deviation). In contrast, after tax profit climbed by 8.5% YoY to N81.7 billion in H1’18, though this was lower than our N90.3 billion (-9.5% deviation). On a quarterly basis, gross earnings […]
SEC Obtains Final Judgments Against City of Victorville, California and Others in Municipal Bond Fraud
August 8, 2018/US SEC The U.S. Securities and Exchange Commission has obtained a final judgment against the City of Victorville, California in connection with a $13 million “tax increment” bond offering. The SEC also obtained final judgments against the Southern California Logistics Airport Authority, which was an agency set up […]
