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Pwan Rejects Sec’S Ponzi Scheme Allegations
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The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…
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Morocco’S Casablanca Stock Exchange Set To Launch Derivatives Market For Enhanced Liquidity
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The Casablanca Stock Exchange (CSE) in Morocco plans to introduce a new derivatives market over the next few weeks, according to its CEO, as an initiative to increase liquidity. Reuters . Tarik Senhaji, who leads CSE, mentioned that this step intends to expand the range of investors involved by permitting stakeholders to adopt both…
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Sejal Glass Boosts Net Profits By 300% In Fiscal Year 25
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PNN Mumbai (Maharashtra), India, May 10: Sejal Glass Limited (NSE: SEJALLTD, BSE: 532993), one of the leading architectural glass manufacturers announced Audited Q4 and FY25 Financial Results. Operational Highlights * In FY25, international revenue contributed 74.13% and domestic revenue 25.87% to the total revenue. * International revenue grew by 73.16% compared to FY24 Commenting…
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Moroccan Regulator Sounds Alarm on Fragile Markets, Calls for Wider Investor Engagement
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The Moroccan Capital Market Authority (AMMC) has released a warning about the inherent weaknesses in the structure of the Casablanca Stock Exchange, highlighting its heavy dependence on institutional investors as well as insufficient involvement from retail investors and small to medium-sized businesses. The AMMC’s recently published 2024 annual report, entitled “Capital Markets in Figures,”…
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CSCS Introduces *7270# USSD Code for Seamless Market Entry
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The Central Securities Clearing System (CSCS) has partnered with MTN Nigeria to introduce a USSD code aimed at simplifying access to crucial investment services via mobile phones. The code, *7270#, is set to be launched on May 8, 2025, utilizing MTN’s network infrastructure. As per CSCS, the USSD service aims to decrease dependence on…
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Sejal Glass Boosts Net Profits by 300% in Fiscal Year 25
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PNN Mumbai (Maharashtra), India, May 10: Sejal Glass Limited (NSE: SEJALLTD, BSE: 532993), one of the leading architectural glass manufacturers announced Audited Q4 and FY25 Financial Results. Operational Highlights * In FY25, international revenue contributed 74.13% and domestic revenue 25.87% to the total revenue. * International revenue grew by 73.16% compared to FY24 Commenting…
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GSE: The Game-Changing Solution for Businesses Eyeing Growth – International Edition (English)
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By Sylvana TEIMAN I clearly recall my initial visit to the Ghana Stock Exchange (GSE). Although I was enthusiastic about learning more, my knowledge at the time was rather superficial. The concepts of stocks, shares, and dividends were primarily what I associated with it. However, as I delved deeper into it, I began to…
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Morocco’s Casablanca Stock Exchange Set to Launch Derivatives Market for Enhanced Liquidity
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The Casablanca Stock Exchange (CSE) in Morocco plans to introduce a new derivatives market over the next few weeks, according to its CEO, as an initiative to increase liquidity. Reuters . Tarik Senhaji, who leads CSE, mentioned that this step intends to expand the range of investors involved by permitting stakeholders to adopt both…
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SEC Cracks Down on Ponzi Schemes: Tightens the Heat in Abuja Market
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The Securities and Exchange Commission has intensified its battle against Ponzi schemes in Nigeria, pledging to firmly act against unlawful financial operators and educate the public to stop further victimization. During an awareness event conducted at the Dei-Dei Building Materials Market in Abuja, the SEC highlighted their dedication to ensuring widespread dissemination of knowledge…
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PWAN Rejects SEC’s Ponzi Scheme Allegations
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The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…