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SAC Capital ex-trader convicted of insider trading

A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter of a billion dollars illegally through trades based on secrets about… Read more »

Nigeria oil money: ‘$20bn not missing’

Nigeria’s state oil firm has denied an allegation by the central bank chief that it has failed to account for at least $20bn (£12.2bn) of oil revenues. Lamido Sanusi told… Read more »

Wonder Bank: SEC Seals-Off 32 State Offices of New Nation

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Wednesday announced it has sealed off 32 offices of New Nation a wonder bank. SEC in a Statement by… Read more »

SEC Declares David Torty, TMA Consulting Illegal Operator

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Securities and Exchange Commission (SEC) Friday announced that one Dr. David Torty and TMA Consulting Group is illegal operator in the Nigerian capital… Read more »

ETI Board Holds Meeting in Lome Today

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The board of pan-African bank, Ecobank Transnational Incorporated (ETI) will Monday (today) February 03, 2014 in Lome Togo hold a crucial meeting in respect of… Read more »

Cappa & D’Alberto: NSE Yet to Protect Investors on Breach of Voluntary Delisting

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange (NSE) is yet to protecting investors on the breach of voluntary delisting of Cappa & D’Alberto Nigeria Plc since year… Read more »

Shareholders accuse ex-MTI directors of fraud

Shareholders of Mass Telecommunication Innovation Plc have accused five former directors of the company of illegally utilising about N5.2bn raised by the company through private placement in 2008. A petition… Read more »

Nigeria’s Cocoa Output Seen by Industry Rising 10% in 2013-14

Cocoa output in Nigeria, the world’s fourth-biggest producer, is expected to advance by 10 percent in 2013-14 as rising prices last year lead to the planting of more disease-resistant beans,… Read more »

SEC judge bars “Big Four” China units for six months over audits

Chinese units of the global “Big Four” accounting firms should be suspended from auditing U.S.-listed companies for six months, a judge in the United States ruled, in an escalation in… Read more »

EFCC, Stockbrokers Partner to Check Money Laundering in Capital Market

The Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Lamorde has called for collaboration between the anti-graft agency and the Association of Stockbroking Houses of Nigeria, ASHON, to… Read more »