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Dollar Liquidity Doubles as CBN Reforms Steady Naira
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Dollar liquidity doubled in official foreign exchange (FX) market trading on Wednesday as Nigerian Central Bank Governor Olayemi Cardoso over the past month began...
Okonjo-Iweala Makes Forbes’ 100 World’s Most Powerful Women List
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The Director-General, World Trade Orgainzation, Ngozi Okonji-Iweala, and media mogul, Mo Abudu, have made the Forbes’ list of 100 world’s most powerful women.
Okonjo-Iweala’s inclusion is...
Guyana Seeks U.S. Military Help Against Venezuela Invasion
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Guyana's president Irfaan Ali urged allies including the U.S. to help deter a potential move by Venezuela to invade his country.
'Our first line of...
Ackman Calls On Harvard, MIT, Penn Presidents to ‘Resign In Disgrace’
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Billionaire hedge fund manager and Harvard alumnus Bill Ackman called on the presidents of Harvard, the University of Pennsylvania and the Massachusetts Institute of...
Banks’ Q3 Impairment Charges Highest Since 2016 on Naira Devaluation
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Soaring impairment charges on financial assets by the largest listed banks in 2023 brings dark memories of the economic downturn of 2016 when a...
Doubts Over Fox Petroleum $7.5bn NNPCL Investment as Firm Fails to Deliver Indian Project
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…repeats 2016 investment pledges that never materialized
...last updated its financials on 31 Mar, 2015
Analysts tell MoneyCentral that the Nigerian National Petroleum Company Limited (NNPCL)...
Moody’s Downgrades China Credit Outlook to Negative on Rising Debt
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Moody’s Investors Service cut its outlook for China sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s...
Trading Terror: Short Sellers Said to Front Run Hamas Attacks on Israel
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Israeli authorities are investigating claims by US researchers that some short sellers may have Front run the Hamas plan to attack Israel on Oct....
UPDC, United Capital, Zenith Bank High Dividend Yield to Support Shares as Payout Nears
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UACN Property Development Company (UPDC), investment firm United Capital and Zenith Bank, have the highest dividend yield on the NGX.
The firm’s healthy dividend yields...
BUA Foods Plc: The Most Successful Consumer Goods Firm in Nigeria
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BUA Foods Plc came out of the blue to outperform peer rivals who had long been listed on the NGX index as the company...