Browsing: News
Nigeria’s banking sector is not in distress, but it is entering a more disciplined phase of capital stewardship. The Central Bank of Nigeria’s (CBN) new directive requiring regulatory approval before dividend declarations is less a constraint on profitability and more a recalibration of financial resilience.
The Ministry of Petroleum Resources says Nigeria remains committed to the principles and objectives of the Declaration of Cooperation between the Organisation of the Petroleum Exporting Countries (OPEC) and its allies under OPEC+.
Fitch Ratings has affirmed Ireland’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘AA’ with a stable outlook.
Dangote Group has dismissed as false and malicious a publication alleging that its President, Aliko Dangote, distanced himself from Tony Elumelu, describing the report as entirely baseless.
Equity Investors Gain N10.7trn, YTD Return Nears 56% Pushing year-to-date return (YTD) near 56%, equity investors gained about N10.7 trillion,…
The Nigerian naira gained about N11.80 kobo per US dollar (USD) at the official window in April, closing at N1374.9431, according to daily FX publications released by the Apex Bank.
Hedera (HBARUSD) steadied amid news that McLaren has joined the Hedera governing council, with the price hovering at $0.08818 on Saturday.
PayPal’s (PYSUD) stablecoin is gaining momentum through corporate restructuring, market growth, and deeper financial integrations.
Solana (SOLUSD) price has been hovering around $84 over the past 24 hours, underperforming a slightly positive Bitcoin, primarily due to sector rotation out of altcoins and into Bitcoin.
Structurally large fiscal deficits will keep the U.S.’s debt burden far above that of other ‘AA’ category sovereigns, Fitch Ratings says in a new report.