Culled—Proshare October 13, 2020 By FBNQuest Research The CBN’s latest Quarterly Statistical Bulletin shows that debits on the services account plummeted from US$9.03bn to US$3.39bn in Q2 2020. We might term the decline a short-term benefit of the virus that helped to reduce the deficit on the current account (Good […]
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Fitch Revises Outlook on Nigeria’s Long-Term Foreign-Currency IDR to Stable from Negative
October 2, 2020/Cowry Asset Report In the just concluded week, one of the leading providers of credit ratings, Fitch Ratings, revised outlook on Nigeria’s long-term foreign-currency issuer default rating (IDR) to “Stable” from “Negative” and affirmed the IDR at “B”. According to the credit rating agency, the revision of the […]
SEC Charges Unregistered Brokers in Penny Stock Scheme Targeting Seniors
September 29, 2020/US SEC The Securities and Exchange Commission today charged three Florida residents with fraudulent sales of stock in NIT Enterprises Inc., a South Florida technology company. The SEC previously charged NIT Enterprises, its former CEO, and two SEC-barred brokers with allegedly defrauding over 100 retail investors, many of […]
