July 26, 2024/Cordros Report Guinness Nigeria Plc (GUINNESS) published its 2024FY audited results this afternoon, reporting a loss per share of NGN25.00 (vs NGN8.29 in 2023FY). The negative outturn in earnings resulted from weaker margins and higher net finance charges (+117.8% y/y). GUINNESS achieved a revenue growth of 30.5% y/y […]
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SEC Charges Georgia Man and Florida Lawyer for Their Roles in Fraudulent Investment Scheme
July 26, 2024/US SEC On July 25, 2024, the Securities and Exchange Commission charged 68-year-old Roosevelt Tobias Bailey, of Buford, Georgia, and his company, Borg Investment Bank & Capital Trust, with conducting a fraudulent prime bank and gold and diamond investment scheme. The SEC also charged Alvin C. Jones, Esq. […]
SEC Awards Whistleblower More Than $37 Million
July 26, 2026/US SEC The Securities and Exchange Commission today announced an award of more than $37 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. The whistleblower persisted in reporting the misconduct internally, which led the employer to conduct its own investigation and […]
