May 10, 2024/US SEC The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc. and trading on that information, realizing illegal profits of more than $800,000. According to the SEC’s complaint, between November […]
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NGX Lists N4.075 Billion AVA Infrastructure Fund
May 10, 2024/NGX Nigerian Exchange (NGX) Limited on Friday listed N4.075 billion of AVA Infrastructure Series 1 Fund on its trading platform. In a release, signed by the head, Issuers Regulation Department of NGX, Godstime Iwenekhai stated that “trading license holders are hereby notified of the listing of AVA Global […]
Nigeria’s Power Sector: Grid Supply Improves as Power Cuts Persist
May 10, 2024/FBNQuest Research In April ’24, the Nigerian Electricity Regulatory Commission (NERC) raised the tariffs for (band A) customers who receive 20 hours of electricity supply. However, power distribution companies still need to meet the contracted supply hours for these band-A customers. Power cuts were widespread due to electricity […]
