Investors Bite

International Energy Insurance Suspends Disposal of Assets on NAICOM’s Directive

July 29, 2016/NSE Sequel to an earlier proposal to the Nigerian stock Exchange over the intent to dispose of International Energy Insurance PLC’S Investment in IEI Anchor Pensions Limited, a decision necessitated by the operational guideline of the National Insurance Commission (NAICOM), which prohibits investment of greater than 25% of […]

SEC Says Fittco Securities Sold Investors Shares without Authorisation

28/7/2016/SEC The Commission is investigating complaints relating to the unauthorized sale of shares belonging to Alhaji Abass Bolatitio O. and 35 Ors. by Fittco Securities Limited. A preliminary investigation carried out by the Commission revealed that Fittco Securities Limited sold the complainants’ shares without authorization thereby violating the provisions of […]