March 2022

Man jailed 14 months for $780 internet fraud

A Federal High Court in Ibadan on Tuesday sentenced a man, Mubarrak Oyeleke, to 14 months imprisonment  for $780 internet fraud. Delivering judgment, Justice Uche Agomoh, held that Oyeleke was convicted based on the evidence tendered before the court, as…

NGX reports decline by 0.19 per cent

By Philemon Adedeji The stock market on the Nigerian exchange Limited (NGX), closed trading yesterday on negative note amidst sell-offs and buy-interests as the benchmark All Share Index depreciated by huge 87.81 basis points. Similarly, the NGX ASI largely decreased…

FMDQ admits United Capital N12.48bn series

FMDQ Securities Exchange Limited has admitted the quotation of the United Capital PLC’s N12.48 billion Series 8 Commercial Paper (CP) under its N50.00 billion CP Issuance Programme on its platform. The development follows the admission of twenty-one (21) Commercial Papers…