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SEC Obtains Final Judgment Against Former Arista Networks Chairman Andy Bechtolsheim for Insider Trading

June 3, 2024/US SEC On May 30, 2024, the U.S. District Court for the Northern District of California entered a final judgment, by consent, against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc., in an action alleging that Bechtolsheim engaged in insider […]

Nigerian Stocks Open Week Bearish -0.2%, Dragged by Blue Chips

June 3, 2024/Cordros Report EQUITIES   Trading in the domestic stock market began the week on a negative note as investors sold off FBNH (-4.7%), SEPLAT (-1.3%) and TRANSCORP (-3.9%). Thus, the All-Share index declined by 0.2% to close at 99,118.86 points.  Consequently, the Year-to-Date return settled at +32.6%. The […]

AfDB, Rwanda Sign Partial Credit Guarantee Agreement to Support Green and Social Initiatives

The transaction demonstrates the Bank Group’s commitment to support Regional Member Countries access to alternative sources of sustainable financing in line with its Ten-Year Strategy (2024-33) seeking to accelerate inclusive green growth June 3, 2024/AfDB The African Development Bank and the Government of Rwanda have signed a partial credit guarantee […]