February 29, 2024/Coronation Research At its latest meeting held on Tuesday, the CBN/MPC responded to the country’s soaring inflation rate and escalating exchange rate pressures by opting to hike the monetary policy rate (MPR) by a substantial +400bps to 22.75%, marking the highest level recorded since 2006. Additionally, there were […]
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SEC Charges Lordstown Motors with Misleading Investors about Company’s Flagship Electric Vehicle
Company’s former auditor charged with violating auditor independence standards February 29, 2024/US SEC The Securities and Exchange Commission today charged Lordstown Motors Corp. with misleading investors about the sales prospects of Lordstown’s flagship electric pickup truck, the Endurance. Lordstown, which filed for bankruptcy in 2023, went public by merging with […]
SEC Says Public Companies to File Directors and External Auditors Reports on ICFR for FY 2023
February 29, 2024/SEC Nigeria Further to the Commission’s circular dated 8th November, 2021 on the compliance by Public Companies with the requirements of Sections 60 to 63 of the Investments and Securities Act 2007 on Internal Control over Financial Reporting, the Commission hereby notifies the reporting entities that the Directors and External Auditors’ reports […]
