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 […]
Investors Bite
Profit Warning: Caverton Offshore Says Q2’16 Profit to be Lower Due to Naira Devaluation
July 29, 2016/NSE Caverton Offshore Support Group Plc the leading provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria expects to report materially lower earnings for the period ending 30th June 2016 largely due to the unavoidable impact of the recent Naira […]
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 […]
