April 8, 2024/USSEC On April 5, 2024, after an eight-day jury trial in the U.S. District Court for the Northern District of California, the Securities and Exchange Commission obtained a verdict in its favor in its case alleging insider trading in violation of the federal securities laws against defendant Matthew […]
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GTCO Says Pretax Profit Soars 184.5% to N609.3Bn in FY23
April 8, 2024/JSP Communications Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦609.3billion, representing an […]
Again, CBN Stops Foreign Currencies as Collateral for Naira-Denominated Loans
April 8, 2024 By Kelechukwu MGBOJI InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed all deposit money banks (DMBs) to stop the use of hard currencies as collateral for naira-denominated loans. CBN’s circular on Monday titled “The use of foreign-currency-denominated collaterals for naira loans” stated ‘it had observed […]
