August 29, 2024/Cordros Report EQUITIES Sentiments in the domestic bourse turned positive as bargain-hunting activities witnessed in OANDO (+10.0%) triggered a 0.2% gain in the benchmark index. As a result, the NGX ASI closed at 96,407.88 points, with the MTD and YTD returns printing -1.4% and +28.9%, respectively. The total […]
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Citibank Nigeria Names Nneka Enwereji MD/CEO
August 29, 2024/Citibank Nigeria Nneka Enwereji has been appointed as the new MD/CEO for Citibank Nigeria Limited (Citi) effective August 19th , 2024, following approval by the Central Bank of Nigeria. Enwereji succeeds Ireti Samuel-Ogbu who has retired from Citi after 36 years of service. Commenting on her appointment, Dr […]
SEC Obtains Default Judgment and More than $250 Million in Monetary Relief Against Tingo Mobile Founder and Three U.S. Companies Charged with Massive Fraud
August 29, 2024/US SEC On August 28, 2024, the U.S. District Court for the Southern District of New York entered final judgments against Mmobuosi Odogwu Banye a/k/a Dozy Mmobuosi and three affiliated U.S.-based entities of which he was the CEO, in connection with a multi-year scheme to inflate the financial […]
