By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Monday if will sanction Banks participating in the disbursement of the N213 billion Nigeria Electricity Market Stabilisation Facility, called power sector intervention fund. This is contained in a circular with reference number FPR/DIR/GEN/CIR/06/003, dated September 1, 2016, and signed […]
Updates
FBNH: Any More Charge in the Big Elephant?!!!
Culled—Proshare Sept 5, 2016/GTI Research Investment Highlight H1 -2016: Gross Earnings and PBT down by 14.6% and 10.5% respectively. FBN (‘’The Company’’) released its unaudited H1 -2016 result for the period ended June, 30 2016 on 26th July 2016. Gross earnings was down 14% to N203.91billion ($641.22M) from N238.97billion ($751.47M) […]
Nigeria’s SEC Investigates Fittco Securities Against Unauthorised Sale of Shares
Sept 5, 2016/SEC The Commission is investigating complaints relating to the unauthorized sale of shares belonging to Alhaji Abass Bolatitio O. and 35 Ors by Fittco Securities Limited. A preliminary investigation carried out by the Commission revealed that Fittco Securities Limited sold the complainants shares without authority and Management of […]
