#capitalmarket

  1. Good news as NNPC gets new investor after discovering new oil well

    By Zainab Iwayemi Schlumberger, an American oilfield company, and NNPC Limited have inked a contract to improve upstream activities According to NNPC GCEO, a lot of reforms are happening because of the potential investment release that may come soon The development comes after the s
  2. Naira finally rises against dollar as foreign reserve swells

    By Zainab Iwayemi Nigeria's reserve has shown a continuous improvement in value over the past four weeks CBN data showed that the reserve rose to $195.01 million, suggesting greater market liquidity Analysts said the improvement would improve macroeconomic stability and currency man
  3. Checkout how old the oldest billionaire in the world is and how he makes his money

    By Zainab Iwayemi Forbes has identified 102-year-old George Joseph as the oldest billionaire in the world He founded Mercury General Corporation, a Los Angeles company worth over $4.6 billion He owns a 35% share in the publicly listed company, where his creative approach to insuranc
  4. Jubilation as Dangote is set to launch massive project after building largest refinery in Africa

    By Zainab Iwayemi The chairman of Dangote Group, Aliko Dangote, has presented an 11-point industrialisation strategy for Nigeria at the 38th Convocation Lecture at Bayero University, Kano The billionaire also gave an update on the completion of state-of-the-art medical intervention
  5. CBN shuts down operations of 4,173 BDC operators in Nigeria, see details

    By Zainab Iwayemi The CBN has taken action by revoking the operational licenses of 4,173 Bureau De Change Operators in Nigeria It stated that the affected BDCs failed to observe the regulatory provisions of the apex bank It also said it is working on guidelines which will be mandato