A federal jury in Los Angeles convicted an activist short seller of securities fraud for a long-running market manipulation scheme that reaped more than $21 million in profits.
He was sentenced on Monday to 14 years in prison for a five-year scheme to defraud multiple lenders and investors of at least $248 million.
The market activity witnessed an overall decline in volume, value and deals.
He said beneficiaries could access mortgages for up to 20 years at a fixed interest rate of 9.75 per cent per annum, with a minimum equity contribution of 10 per cent.
The appointment will take effect from July 27, 2026.
The initiative, implemented through the Nigerian Energy Support Programme (NESP), is expected to strengthen Nigeria’s growing mini-grid market.
Free Trade Zones are essential to driving Nigeria’s industrialisation and maximising gains from the African Continental Free Trade Area.
Renaissance Africa Energy Company has emerged as Africa’s leading independent oil and gas producer, according to a new report by global energy intelligence firm Wood Mackenzie.
Nigeria’s textile industry has been urged to adopt nanotechnology.
The National Insurance Commission has partnered with the Abia government to safeguard economic activities, mitigate risks, and enhance investors’ confidence.
