Investors Bite

Nigerian Stocks Down -0.45% on Sustained Bearish Run

July 11, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday closed down the third trading session of the week as benchmark index lost 0.45 percent to close at 37,253.25 points, driven by sell-offs in Industrial and Consumer Goods sectors. InvestmentOne reports at the close of the […]

SEC Files Additional Charges in Fitbit Stock Manipulation Scheme

July 11, 2018/US SEC The Securities and Exchange Commission today filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings.   According to the SEC’s complaint, Mark E. Burns purchased Fitbit call options just minutes before he […]

Oil price recovery positive for Nigerian Eurobonds

Culled—Proshare July 10, 2018/Zedcrest Capital *** Oil races towards $80 on supply worries*** Oil companies in Nigeria resume active exploration – Ministry of Petroleum Resources KEY INDICATORS Indicator Value Commentary Inflation 11.61% CPI & Inflation report due to be released on Friday, July 13, 2018 MPR 14.00% Left unchanged at […]