February 6, 2024/US SEC On February 5, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Jeffrey Auerbach, whom the SEC previously charged for his role in a fraudulent scheme to bribe a stockbroker to buy a company’s stock in his customers’ accounts without the customers’ knowledge. […]
Other News
NGXASI Declines -1.50%, Dragged by Bellwether Counters
February 6, 2024/InvestmentOne Report The NGXASI declined by 1.50% today to close at 102,108.05pts, as investors sell down in BUACEMENT (-10.00%), UBA (-5.70%) and ZENITHBANK (-3.10%) drove the market into the red zone. In the Fixed income space, the Treasury Bills secondary market closed bearish, largely driven by selloffs across all instruments, […]
A Successful Bond Auction for the DMO
February 6, 2024/Coronation Research The DMO held its monthly auction of FGN Bonds on Monday (29 January ’24). It offered N360bn but raised N418.2bn through re-openings of the 16.29% FGN MAR 2027, 14.55% FGN APR 2029, 14.70% FGN JUN 2033, 15.45% FGN JUN 2033, 15.45% FGN JUN 2038. The bids […]