February 3, 2025/US SEC On January 21, 2025, the Securities and Exchange Commission obtained a final judgment against defendant Joseph A. Padilla in an action filed in 2023 alleging a fraudulent microcap stock selling scheme. According to the Commission’s complaint, filed in the United States District Court for the District […]
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Coronation Fixed Income and Exchange Rate Update
February 3, 2025/Coronation Research Summary System liquidity closed positive for the second consecutive week at N721.34bn (31st January ’25). The Open Repo Rate (OPR) and Overnight Rate (O/N) closed higher at 29.14% and 29.57% respectively. We expect interbank rates to trend lower on the back of strong liquidity. In the […]
Aradel Plc Earnings Report: Pricing Adjustment Powers Revenue Surge
February 3, 2025/InvestmentOne Report Aradel Holdings Plc’s impressive financial performance in 2024 was driven by several key factors. The substantial revenue growth of 162.79%, from NGN221.14bn in 2023 to NGN581.02bn in 2024, was primarily due to increased hydrocarbon production and enhanced sales from refinery operations. The successful re-entry of Well […]
