Former billionaire crypto boss, Sam Bankman-Fried, who was convicted of fraud and money laundering, will be sentenced today for his crimes. Bankman-Fried, 32, was convicted last November of fraud and conspiracy by a jury that found that he illegally used money from FTX depositors to cover his expenses, which included …
Read More »Investors gain N2.1trn as stock market sustains bullish trend
The Nigerian stock market sustained a bullish trend last week as investors on the Nigerian Exchange Limited, NGX, gained N2.1 trillion. Though the market recorded gains and losses, the gains outweighed the losses as the NGX market capitalisation, which represents the total value of investment on the Exchange, surged …
Read More »Report any of my aides demanding for bribe – Tinubu tells foreign investors
President Bola Tinubu has asked foreign investors to report any Nigerian official that demands bribe from them before investing in the country. Speaking during the Nigeria-Qatar Business and Investment Forum in Doha on Sunday, March 3, Tinubu assured Qatar’s capitalists of the readiness of Nigeria to accommodate and do …
Read More »Your investments are safe in Nigeria – President Tinubu tells Saudi investors
President Bola Tinubu has assured potential investors that their investments are safe in Nigeria. Speaking at the Saudi-Africa Summit in Riyadh, Saudi Arabia, on Friday, November 10, President Tinubu said Nigeria is ready for business while assuring investors of some of the world’s highest returns on investment. …
Read More »How Eldee got scammed by fake investors in Nigeria
He was quite emotional recalling the story. Nigerian musician Sikirullahi Dabiri, fondly known as Eldee, has disclosed he was once scammed by fake investors here in Nigeria.
Read More »Nigeria is investment-ready; will beat U.S. to third-most populous country – VP Shettima tells foreign investors
Vice-President Kashim Shettima has urged foreign investors to take advantage of the opportunities in Nigeria saying the most populous black nation on Earth is ready to do business.. Shettima made the call at a side event of the ongoing UN Food Systems Summit, according to a statement by his …
Read More »Deutsche Bank is no Credit Suisse, despite investors’ fears | Nils Pratley
It’s rarely a good sign when politicians, in the middle of a crash in the share price of their country’s biggest financial institution, declare there’s nothing to worry about. Such remarks often just feed a sense of panic. The German chancellor, Olaf Scholz, would have been better advised to say …
Read More »Stock Investors Record N14bn Gain
The Wednesday market rebounded with a gain of N14bn after losing N15bn on Tuesday. Investors gained N14bn in value as market capitalisation went up to N26.531tn. The All Share Index rose by 10.25 basis points or 0.02 per cent to close at 49,171.70 basis points on Wednesday. The positive trend …
Read More »Stocks sink as investors wait for the Fed’s rate hike
The Dow fell more than 450 points, or 1.5%, in midday trading. The S&P 500 was also down about 1.5% while the tech-heavy Nasdaq was off by 1.3%. There was also not much economic data for investors to focus on other than a new housing report, which was mixed. Housing …
Read More »Investors start to worry as Pakistan’s IMF bailout not final yet
Soaring inflation. Squabbles over fuel prices. A fractious political environment. For months, Pakistan has struggled to keep its economy afloat, raising the prospect that one of the world’s most populous nations could soon follow Sri Lanka in a wave of potential global defaults. Investors are getting nervous. Without a bailout …
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