Investors Bite

SEC Charges Operator of Ponzi Scheme Targeting Retail Investors

June 22, 2018/US SEC The Securities and Exchange Commission has charged a Bellefonte, Pennsylvania insurance agent with engaging in a Ponzi scheme that targeted retail investors who lacked significant investment experience. According to the SEC’s complaint, from at least 2010 through 2017, James E. Hocker began his relationship with a […]

Intraday Update: Nigerian Stocks Down -1.28% on Sell-Offs

June  21, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-As at midday Thursday, the Nigerian Stock Exchange all-share index (NSEASI) is down -1.28 percent on sell-offs across sectors InvestmentOne reports that market movers on the negative side are Equity Assurance Plc and Honeywell Flour Mills Plc both down -8.70 percent and -5.00 percent […]

Dangote pays 90% of net profits as dividend

…Delights shareholders with N10.50 per share payout June 21, 2018/Dangote Group Shareholders of Dangote Cement on Wednesday at the company’s 9th Annual General Meeting (AGM), held in Lagos were full of praise for the Board, Management and staff of the company after approving the dividend payout of N10.50 per 50k […]