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SEC Announces Whistleblower Award of More Than a Million Dollars

The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers. “Today’s award reflects the impact that whistleblower ...

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Med-view Expands Operations to Francophone West Africa

Following the acquisition of a new B737-800 Aircraft, Med-view Airline Plc., is expanding her operations in the West Coast Region with the inaugural flights to Abidjan, Conakry and Dakar. These new destinations are in addition to the earlier Anglophone countries like Accra, Monrovia, and Freetown, increasing our destination in the ...

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Flour Mills set to raise N40bn rights issue

Flour Mills of Nigeria Plc on Tuesday  said its has board has given approval in principle to the plans to commence with activities to raise additional funds through a Rights Issue and Medium-Term Notes. The statement released to the Nigerian Stock Exchange in Lagos said disclosed that it had registered ...

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Zenith Bank Closed Period for Q3 2017

  Zenith Bank Plc on Tuesday said it has closed period for trading on the Bank’s shares on October 9, 2017, in respect of unaudited accounts and financial statement for the third quarter period ended September 30, 2017. “All insiders and their connected persons are prohibited from trading (i.e buying, ...

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FBNHoldings Name Oluseye Kosoko As Company Secretary

FBN Holdings Plc on Monday said it has appointed Oluseye Kosoko as Company Secretary subject to regulatory approval. The bank in a notice to the Nigerian Stock Exchange also said, Tijjani Borodo, the outgoing Company Secretary will still be around for the next few months to navigate a seamless transition for ...

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Oando Gas & Power Rebrands as Axxela: Name Change Signifies Renewed Ambition and Strategic Grow

Oando Gas & Power Limited, the erstwhile Midstream business subsidiary of Oando Plc, formally announces the change of its corporate identity and branding to Axxela Limited. The rebranding effort follows last year’s acquisition of a controlling equity stake in the business by Helios Investment Partners LLP, a premier Africa-focused private ...

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Coronation Asset Management lists three Mutual Funds on the stock exchange worth N2.17bn

  Within its first year of operation, Coronation Asset Management a subsidiary of Coronation Merchant Bank Limited today listed three mutual funds on the Nigerian Stock exchange for trading and accessibility by retail and institutional investors. The three listed funds are Coronation Money Market Fund; Coronation Fixed Income Fund and ...

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Ghana: SEC to increase minimum capital requirements for operators

Firms operating in the securities and capital market are set to have their minimum capital requirement increased. JoyBusiness understands the announcement which would soon be made will give operators up to a year to meet the new levels. Director General of the Securities and Exchange Commission (SEC), Reverend Daniel Ogbarmey, ...

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