Other News

UBA, MTNN, OANDO Drive Nigerian Stocks to +0.50% Gain

August 9, 2024/InvestmentOne Report The NGXASI advanced by 0.50% today to close at 98,605.79pts on the back of the gains seen on UBA (+7.98%), OANDO (+9.88%) and MTNN (+0.91%) which propelled the market into the green zone. In the fixed income space, the Treasury Bills secondary market traded on a bullish note […]

Afreximbank to Double Intra-African Trade Financing to $40 Billion by 2026

Afreximbank had been a champion in facilitating intra-African trade since its founding and that it had committed US$1 billion to support the funding of the AfCFTA Adjustment Fund August 9, 2024/Afreximbank African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 […]

SEC Charges Ideanomics and Three Senior Executives with Accounting and Disclosure Fraud

August 9, 2024/US SEC The Securities and Exchange Commission today announced settled fraud charges against Ideanomics, Inc., formerly known as Seven Stars Cloud Group, Inc., and its former Chairman and CEO, Zheng (Bruno) Wu, for misleading the public about the company’s financial performance between 2017 and 2019. The SEC also […]