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Larry Summers Slams “Woke” Fed “Losing Control” Of Inflation
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Former Treasury Secretary Larry Summers has warned that monetary policy makers in the U.S. and elsewhere are paying too much attention to social issues...
A Tale of 2 Exchanges : As FMDQ Thrives NGX Plays Catch Up
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FMDQ Group, a vertically integrated financial market infrastructure (FMI) group, which only began operations in 2013 is now much larger than its 61 years old...
FCMB More Equipped for Expansion Push
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The contribution of First City Monument Bank (FCMB) to the Nigerian economy cannot be overemphasized as the lender has grown its loan portfolio to...
Aliko Dangote: Africa’s Greatest Industrialist
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A look into thoughts, statements and actions of Africa’s richest man, Aliko Dangote, over the past 2 decades, reveals an insight into his mindset.
Relentlessly...
Tony Elumelu: Investing for a more united Nigeria
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United Bank of Africa’s (UBA) Chairman Tony Elumelu spent the past 16 years crafting together one of the biggest banks in Nigeria and a diversified African Banking...
Mele Kyari: The Reformer-in-Chief
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The Nigerian National Petroleum Corporation (NNPC) has undergone a remarkable transformation over the past 2 years from being almost a byword for opaqueness and...
Like ‘Tail Wagging Dog’ BDCs Proliferation Set Stage for Naira Chaos
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…CBN has licensed 3,177 new BDCs since 2014 under Emefiele
The Bureaux de Change (BDC) segment of the Nigerian foreign exchange (FX) market was supposed...
MoneyCentral Rates Stanbic IBTC Stock Underweight on Poor Earnings
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MoneyCentral is rating the stock of Stanbic IBTC as underweight due to its poor second quarter (Q2) 2021 numbers. In financial markets, underweight is a term used when...
The Trillion-Naira Rotation That’s Endangering Your Nest Egg
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Money market securities are often considered a good place to invest funds that are needed in a shorter time period—usually one year or less.
Money...
NNPC Auditors Doubt Viability as Current Liabilities Exceed Assets by N4.6trn
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Despite declaring a net profit of N287.2 billion for 2020 financial year, the Nigerian National Petroleum Corporation (NNPC) Group current liabilities exceeded its current...