Author: InvestAdvocate

WSTC Financial Services Ltd Appoints Shola Ojelade executive director

The Company, a Dealing Member Firm, has notified The Exchange of the following change on its Board and is seeking approval.  Appointment: Mr. Shola Ojelade: Executive Director Profile:  Mr. Shola Ojelade holds Master’s Degrees in Business Administration from the International Graduate School of Management (IESE), University of Navarra, Barcelona, Spain. […]

Nigerian naira steady as oil firms sell dollars

The Nigerian naira was broadly flat on the interbank market on Wednesday, supported by sales of around $38 million by two energy companies to banks.  The local naira currency closed at 161.15 to the dollar on the interbank compared to 161.17 a dollar on Tuesday.  “Demand and supply were evenly […]

Subsidy probe: Fraudulent marketers to make refunds, face trial

Many fraudulent marketers who collected fuel subsidues in 2011 may be compelled to make “a huge refund” to the Federal Government, according to preliminary findings by the House of Representatives Ad-Hoc Committee on Subsidy Regime. This is in addition to recommending that the Economic and Financial Crimes Commission should prosecute […]