April 30, 2024/CBN 1. AKU PAULINE ODINKEMELU I vote to raise the Monetary Policy Rate (MPR) by 150 basis points from 22.75% to 24.25%, retain the cash reserve ratio at 45%, adjust the cash reserve ratio of merchant banks from 10% to 14%, adjust the asymmetric corridor around the MPR […]
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SEC Obtains Monetary Judgment Against Unregistered Broker
May 1, 2024/US SEC On April 30, 2024, the United States District Court for the Northern District of Texas granted the Securities and Exchange Commission’s request for monetary remedies against Daniel E. Levin. According to the SEC’s complaint filed on May 9, 2023, Levin solicited investors to purchase approximately $2.6 […]
Transcorp Delivers Impressive Q1 2024 Performance, Sustains Revenue Growth of 173%, PBT of N45Bn
May 1, 2024/Transcorp Corporation Plc Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with […]
