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FRCN vs Stanbic IBTC: We were misled – Shareholder

F ollowing the faceoff between Federal Reporting Council of Nigeria, FRCN that led to the sanction of Stanbic IBTC over its audited accounts for 2013 and 2014 and suspension of the financial reporting numbers of the bank’s Chairman, Mr. Atedo Peterside, and its Chief Executive, Mrs. Sola David-Borha, Shareholder Activist, Alhaji Gbadebo Olatokunbo, expressed concern stating that shareholders were misled by the information made available by FRCN.

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Top 10 performing stocks

FIDSON Healthcare Plc led last week on the league of top 10 performing stocks, rising by 13.67 per cent or N0.41 to close at N3.41 from N3.00 per share. Dangote Sugar Refinery followed with 8.29 per cent or N0.53 appreciation, closing at N6.92 from N6.39; Continental Reinsurance placed third, rising by 5.26 per cent or N0.05 to close at N1.00 from N0.95 per share.

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