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
SEC Charges Officers of Florida Battery Company with Securities Fraud
July 19, 2018/US SEC On July 18, 2018, the Securities and Exchange Commission filed charges against two officers of Oakridge Global Energy Solutions, Inc., a now defunct Florida-based company that… Read more
Nigerian Equities Tanks by 76 bps on Consumer Goods Stocks; NIBOR Rises on Renewed Liquidity Strain
July 19, 2018/Cowry Asset
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
