September 28, 2016/SEC The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (Converged Dynamic International Limited). The Company embarked on a product tagged “Resources Investment Account” which offers interest rates on a short and medium term period to lure […]
Updates
MTN denies illegal transfer of $14 billion from Nigeria
September 28, 2016/Reuters By Camillus Eboh South Africa’s MTN on Wednesday denied allegations it illegally repatriated $13.92 billion from Nigeria, the latest setback for the telecoms firm in its biggest but increasingly problematic market. The upper house of Nigeria’s parliament agreed on Tuesday to investigate whether Africa’s biggest telecoms company […]
Wall Street opens higher as oil prices rise
September 28, 2016/Reuters U.S. stocks opened slightly higher on Wednesday as a rise in oil prices helped energy shares and ahead of Federal Reserve Chair Janet Yellen’s testimony before a Congressional committee. The Dow Jones industrial average was up 34.11 points, or 0.19 percent, at 18,262.41, the S&P 500 was […]
