Otedola acquires additional N222bn FirstHoldco shares, now controls 26%
By Peter Egwuatu Femi Otedola, Chairman of First HoldCo, parent company of First Bank, has bought additional 1.779 billion shares of the company worth N222.209 billion. According to a statement signed by the company’s secretary, Abiola Baruwa, made available to the Nigerian Exchange Limited, NGX, yesterday, the shares were acquired through Otedola’s investment vehicle, Calvados Global Services Limited. […]
Sovereign Trust gross premium rises to N7bn
SOVEREIGN Trust Insurance Plc said that its gross written premium grew to N7.3 billion in the third quarter (Q3) of 2017 from N4.9 billion in the corresponding period of 2016.
Collective Investment Schemes in 2017: Equity-Based Funds in woeful performance
ACTIVITIES of the Collective Investment Schemes, CIS, in the nation’s capital market have continued to worsen, aggravated by the woeful performance of the Equity-Based Funds (EBFs).
There are laws that protect retail investors in mutual funds — Sofekun
In the remote event that the Fund’s assets are mismanaged by the fund manager, the SEC has set up a National Investor Protection Fund that can provide some financial relief to the unit holders
Fund transfer: Between NIP and NEFT
THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications.
Bitcoin futures launch sparks excitement, warnings
Bitcoin makes its debut on a major exchange Sunday, a milestone for the digital currency that has some investors excited but others nervous.
