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China’s FDI Flows Up 19.6% In 9 Months As Economy Remains Upbeat

Foreign direct investment (FDI) into the Chinese mainland rose, in actual use by 19.6 percent year on year (Y-o-Y) in the first nine months of the current year. According to the country’s Ministry of Commerce, while non-financial FDI into China totaled 859.5 billion yuan between January and September, FDI into the Chinese mainland totaled $129.3 […]

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Credit Suisse To Pay $745Mn For Misleading Investors, FCPA Violations

Credit Suisse Group AG has agreed to pay nearly $475 million to U.S. and U.K authorities, including nearly $100 million to the Securities and Exchange Commission (SEC), for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised funds on behalf […]

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Global Investment Flows Hit $852Bn In Half Year 2021

Despite the lingering disruptions caused by the COVID-19 pandemic to global economies, total foreign direct investment (DFI) globally amounted to about $852 billion in the first half of 2021, reflecting a stronger than expected rebound in most economies. The United Nations Conference on Trade and Development (UNCTAD) in its latest Investment Trends Monitor published Tuesday […]

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EFCC May Grill Tinubu, Bagudu, Oduah, Others Over Pandora Papers’ Allegations

There are strong indications that some of the top gladiators in the nation’s political tuff and   elected officials allegedly indicted in the Pandora Papers may have been given dates by Economic and Financial Crimes Commission (EFCC) to appear before it and defend themselves over allegations levelled against them on their stakes in offshore companies and […]

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U.S SEC Awards $40Mn To Two Whistleblowers

The United States’ Securities and Exchange Commission (SEC) on Friday announced awards of approximately $40 million to two whistleblowers whose information and assistance contributed to the success of an enforcement action by it. According to a press statement issued by the commission, the first whistleblower, whose information caused the opening of the investigation and exposed […]

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Our Highest Priority Is To Speed Up Access To Vaccines – W/Bank

Apparently miffed by the worsening impact of the COVI9-19 pandemic on the global community, particularly its crippling effects on businesses and social welfare of billions pf people, the World Bank on Thursday promised to commit more efforts and resources to frontally control its further spread in the months ahead. Giving the assurance during the world […]

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Gov Bello Parleys Foreign Investors To Boost Niger State FDI Inflows

Governor Abubakar Bello of Niger State has opened discussions with foreign investors and business owners with a view to encouraging them to partner the state government in its efforts aimed at boosting foreign direct investment (FDI) inflows to the state. Bello, at the Unlock Africa Programme investors’ meetings in London, expressed the state government’s readiness […]

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U.S SEC Amends Filing Fee Disclosure, Payment Methods

The United States’ Securities and Exchange Commission (SEC) has adopted amendments to modernize filing fee disclosure and payment methods. Under the revised methods, operating companies and investment companies (funds) pay filing fees when engaging in certain transactions, including registered securities offerings, tender offers, and mergers and acquisitions. The amendments revised most fee-bearing forms, schedules, and […]

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SEC, EFCC Collaborate On Capital Market Devt

The Securities and Exchange Commission Nigeria (SEC) has organized a capital market training for employees of the Economic and Financial Crimes Commission (EFCC) as part of its regulatory measures  to ensure that financial crimes are reduced to the barest minimum in the nation’s capital market. Speaking during the opening session of the  one-day training with […]

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Low-Income Countries’ Debt Peaks At $860Bn In 2020

The World Bank in a new report released on Monday stated that efforts by governments around the world to tackle the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages further aggravated loc-income countries’ debt stock, rising by 12 percent to a record $860 billion in 2020. The Breton Woods institution noted that while […]