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Nigeria ends auditor contracts over fuel subsidy graft

Nigeria has terminated the contracts of two accounting firms involved in auditing its fuel subsidy payments, after a parliamentary inquiry found massive corruption in the government-run scheme, the finance ministry said on Saturday. It was the first public reaction to a parliamentary probe this week that found mismanagement and theft […]

Fidson earmarks 10 Kobo dividend to shareholders, Profit decline by 33%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Fidson Healthcare Plc Friday earmarked a 10 Kobo dividend to shareholders of the Company as its Profit After Tax (PAT) decline by 33.0 percent (33.0%) in its 2011 Audited Year End. The Company said this in its Result Announcement to the Nigerian Stock Exchange (NSE) […]

Goldman Sachs facing a new insider trading probe

Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday. The employee is suspected of giving inside information on two public companies to former Galleon Group co-founder Raj […]