CATEGORY
Wealth
Trump’s Wealth Has Grown $500M Since Leaving Office
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Trump’s fortune has grown by $500 million to $3.1 billion since leaving office in 2021, according to the Bloomberg Billionaires Index.
Bloomberg attributes this primarily to...
Nigeria’s DMO Raises Interest Rate on Savings Bond to Attract Investors
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Nigeria's debt management office (DMO) raised the interest rate on local currency savings bond in a bid to attract investors to the assets as...
Central Banks Embark on Record Gold-Buying – World Gold Council
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Central banks bought 800 tons of gold from January to September this year, the highest on record for the nine-month period, according to the...
Investors Eye Bumper Dividend as Banks Post Record Profit
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The most liquid and capitalised banks have posted record profit underpinned by a high yield environment and foreign exchange revaluation gains, paving the way...
NPF, PAL, Access Pensions Have Best Returns as PFAs Miss Equity Gains
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NPF Pensions Managers, Pensions Alliance Limited (PAL) Pensions and Access Pensions are the best performing Pension Funds this year, even as most Pension Fund...
Wealthy Nigerians to Pay More Under Tinubu Tax Plan
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Nigeria plans to overhaul its tax system to shift more of the burden to wealthy citizens while cutting corporate taxes.
The move — part of...
FTSE Downgrades Nigerian Stocks From Frontier to Unclassified Market Status on FX Illiquidity
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FTSE Russell has announced that the FTSE Equity Country Classification status of Nigeria will be downgraded from Frontier to Unclassified market status.
FTSE said it...
Foreigners Shun Tinubu’s N6.9 trillion Stock Rally as Locals Lead Charge
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It’s been a bull run for the ages in Nigerian stocks since President Bola Tinubu was sworn-in on May 29, but foreign investors are...
Nigerian Exchange Working With SEC So Firms Can Pay Dollar Dividends
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The Nigerian Exchange Group (NGX) is working with the domestic Securities and Exchange Commission (SEC) to amend regulations so selected listed companies can pay...
Norway Remains World’s Largest SWF as Nigeria Ranks 73
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The Norwegian Government Pension Fund is still the world's largest sovereign wealth fund (SWF). According to data from Global SFW, the fund's assets under...