Author Archives: InvestAdvocate

SEC Charges CEO and Oil Exploration Company with Lying About the Company’s Prospects and Business Dealings

July 19, 2018/US SEC On July 17, 2018, the Securities and Exchange Commission filed charges against an oil shale exploration company, Centor Energy, Inc. (ticker: CNTO), and its CEO Frederick… Read more »

SEC Charges Cape Cod-Based Investment Adviser with Fraud

July 19, 2018/US SEC The Securities and Exchange Commission filed an enforcement action on July 19, 2018 in federal court in Boston, Massachusetts, charging Cape Cod-area investment adviser Kimberly Pine… Read more »

CBN Tackles Excess Liquidity with OMO, Yields Weaken

Culled—Proshare July 19, 2018/Zedcrest Capital  KEY INDICATORS Indicator Value Commentary Inflation 11.61% NBS postpones release date for June 2018 CPI & Inflation report to July 23, 2018. Expectations range between… Read more »

All AMCON Debts Must Be Recovered Before Sunset–House of Reps

July 19, 2018/AMCON Barely one week after the Senate Committee on Banking, Insurance and other Financial Institutions called on Gen. Muhammadu Buhari Rtd., President of the Federal Republic of Nigeria… Read more »

FMDQ Admits N50.00 Billion Dangote Cement Commercial Paper

July 19, 2018/FMDQ Great news for the Nigerian debt markets as the establishment of a corporate benchmark for the short end of the debt curve looks set to becoming a… Read more »

Nigerian Stocks Extend Losses Fourth Straight Session on Sell-Offs in Consumer Goods Counters

July 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Losses on Thursday extended in the Nigerian equities market for the fourth consecutive session, as the all-share index (ASI) dropped further by 0.76 percent… Read more »

ETI Says H1 2018 Post-Tax Profit Up 36.6% to N51.5 Billion

July 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) on Thursday said its  profit after tax for the Half-Year (H1) period ended June 30, 2018 grew 36.6 percent… Read more »

Mastercard is First Payments Player to Receive Approval for Science-Based Emissions Target

  Commits to 20 Percent Reduction in Greenhouse Gas Emissions by 2025 July 19, 2018/Mastercard Mastercard announced today that its plans to reduce greenhouse gas emissions by 20 percent have… Read more »