Seplat declares 2.5 cents interim dividend as PBT rises by 142.7 per cent With profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7 per cent in the first half of 2021 as against H1’20, Seplat Energy Plc, is proposing to pay shareholders an interim dividend per share of 2.5 cents to holders […]

NGX: Capitalization Down further by N6BN

NGX

Negative sentiment continued on the nation market on Wednesday with market capital declined further by N6 billion after selling pressure of several blue chips. Market capitalization lost N6 billion or 0.03 percent to close at N20.210 trillion compared to the N20,216 trillion achieved on Tuesday. In the same tone, the All-Share index dipped 11.12 points […]

Money laundering: Hushpuppi pleaded guilty, at risk of being imprisoned by 20 years

A suspected international fraudster, Ramon Abbas, known as Hushpuppi, has pleaded guilty of charges of multi-million dollar fraud submitted to Him by the United States government. In the request agreement document, Hushpuppi agreed to plead guilty as indicted. The document was signed by Hushpuppi; His lawyer, Loius Shapiro; Acting United States lawyers, Tracy Wilkison, among […]

The CBN has banned the supply of foreign exchange to BDCs, claiming that they have turned into money laundering agents.

The Central Bank of Nigeria (CBN) has announced that gross foreign exchange sales to Bureau De Change (BDC) operators in the country have been halted. The governor of the apex financial institution, Godwin Emefiele, said this at the end of the financial coverage committee meeting in Abuja on Tuesday. According to Emefiele, the apex financial […]

LESSONS FROM CRYPTOCURRENCY VOLATILITY

The way forward for the cryptocurrency Not too long ago there was a decline within the value of bitcoin and altcoins. The worth of bitcoin dropped from $63K to round $30k. This dip has left lots of people confused in regards to the destiny of cryptocurrency. Earlier than the bear run, individuals had been dashing […]