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SEC Charges Additional Defendant in Connection with $38 Million Ponzi-Like Scheme to Defraud Investors

July 15, 2024/US SEC The Securities and Exchange Commission filed an Amended Complaint adding Shlomo Erez, a citizen of Israel, as a defendant in its previously filed action alleging a multi-million-dollar Ponzi-like fraud scheme, which involves raising money from investors to fund purported deals to purchase, distribute, and sell in-demand healthcare […]

Nigeria June 2024 CPI: Base Effect to Support Disinflation in July

July 15, 2024/Cordros Report Based on the National Bureau of Statistics (NBS) June CPI Report released earlier today, headline inflation rose by 34.19% y/y in June, reflecting a 24bps increase relative to the previous month (May: 33.95% y/y). We highlight that the inflation print was 19bps higher than both Cordros’ […]

Bulls Open Week as NGXASI Up by +30 bps, Investors Gain N167.10Bn

—NGXASI stands at +33.69% (YTD); Naira depreciated by 0.86% to close at N1,577.29 July 15, 2024/Futureview Research Click here to download the full report. EQUITIES MARKET: The equities market extended its winning streak from previous session causing the NGX, All-Share Index to uptick by 30 basis points to close the […]