Andy Nssien
Moody’s, Fitch brush off shutdown threat to U.S. sovereign rating
As the United States shutdown enters the third day with a projected telling effect on the economy, international rating agencies,…
Nigerian bourse okays 33 companies, 435 directors on governance rating
The Steering Board of the Corporate Governance Rating System (CGRS) says it has passed 25 companies which successfully scaled its…
Nigerian stocks’ climb halted as market index opens week 0.4% lower
The Nigerian stocks market reversed previous positive performance Monday, trading low at 40 basis points as the All Share Index…
NNPC targets huge investments in Nigeria’s oil sector to boost economy, create jobs
The Nigerian National Petroleum Corporation (NNPC), in a move to revamp Nigeria’s ailing economy, is targeting massive investments in the…
Nigeria’s equity market bubbles, closing the week with N45.8bn shares
The Nigerian Stock Exchange All-Share-Index recorded 5.11% week-on-week (wow) in the third week of the year at 45092.83 points, while…
U.S. government battles to halt dollar worst run since 2015
Fears of a possible U.S. government shutdown was having a telling effect on the dollar which on Friday stayed at…
NNPC engages OEMs to revamp refineries before 2019
The Nigerian National Petroleum Corporation (NNPC) said it had engaged the original builders of the refineries in Port Harcourt, Warri…
OPEC increases non-members production forecast raising concern over US supplies
Oil cartel, the Organisation of Petrol Exporting countries (OPEC), raised its forecast for rival oil-supply growth by 160,000 barrels per…
Morgan Stanley’s profit plummets 59% over new US tax law
U.S. investment bank, Morgan Stanley’ fourth-quarter profit fell on a provision related to the new U.S. tax law, but adjusted…
Nigerian-Indonesian chamber to raise trade volume between both countries to $3.5bn
The Nigerian-Indonesian Chamber of Commerce and Industry (NICCI) has indicated that it would increase the volume of trade between Nigeria…
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