Activities in the Nigerian Stock Exchange closed on a positive note on the last trading day of May as major indicator recorded significant appreciation. This also brought the market closer to the pre-meltdown level of 2008, as investors had recouped over 95 per cent of the 2008 value of shares. […]
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China punishes two brokerages in IPO fraud crackdown
China‘s securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing’s determination to bring credibility to a stock market some have likened to a casino. The China Securities Regulatory Commission will fine Minsheng Securities 2 million yuan for failed due diligence in […]
May & Baker plans to raise fresh funds
The management of May & Baker Nigeria Plc has announced plans to seek fresh funds to support its effort aimed at business expansion. The company said that the additional capital would also be used to ensure the sustainability of the health care company to perform above competition. A statement by […]
