By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s foremost Registrar, First Registrars will Thursday launch a new product “First Dividend Plus Prepaid Card†to eliminate the issue of unclaimed dividend that has posed challenges for the Nigerian Capital Market (NCM). In a letter dated August 01, 2013 with reference number FRN/BDD/YOL/MOA/2013 made […]
Uncategorized
SAC Shrinks U.S. Stock Holdings by $2 Billion Amid Probe
Billionaire Steven A. Cohen’s SAC Capital Advisors LP, the hedge-fund firm facing federal insider-trading charges and client defections, cut its U.S. stock-listed holdings by about $2 billion in the second quarter. SAC held $16.2 billion of U.S.-listed stocks as of June 30, according to a filing yesterday with the U.S. […]
Reps warn SEC against flouting budget embargo
The House of Representatives on Wednesday warned the Securities and Exchange Commission on the consequences of flouting the 2013 Appropriation Act which bars the agency from spending any fund this year. The National Assembly gave zero allocation to SEC in the N4.9tr 2013 budget it was passed on December 20, […]
