Swiss bank UBS was hit with a $1.5 billion fine on Wednesday, admitting to fraud, paying bribes to brokers and “pervasive” manipulation of global benchmark interest rates by dozens of staff in a deal with international authorities. The penalty agreed with U.S., UK and Swiss regulators is more than three […]
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‘Nigerian Markets Attractive to Long-term Investors’
A report by the Oxford Business Group (OBG) has described the Nigerian economy as a destination for long-term investors. According to a statement, the latest OBG report titled: “Nigeria 2012,†also contained contribution from President Goodluck Ebele Jonathan, together with a detailed, sector-by-sector guide for investors. Regional Editor, Robert Tashima, […]
SEC seals fund manager’s office
In line with its zero tolerance for fraudulent activities of any sort, the Securities and Exchange Commission, on Tuesday, sealed the office of an alleged illegal fund manager, Avenue to Wealth. This action, according to SEC, follows several months of complaints by subscribers to the fund of some hidden dealings. […]
