On Thursday, Bank of Japan board member Junko Nakagawa expressed concerns that ongoing ambiguity related to U.S. tariff regulations could negatively impact corporate and consumer confidence, potentially hampering both the Japanese and global economies. Nakagawa remarked in a speech available on the BOJ’s website that although a trade deal has been established between Japan and…
China has donated $1 million to Nigeria to support affected by the recent devastating floods. The donation was formalised on Wednesday in Abuja through a signing ceremony between the Chinese government and Nigeria’s Ministry of Budget and Economic Planning, as reported by the News Agency of Nigeria (NAN). At the event, Chinese Ambassador to Nigeria,…
When listed companies go silent on dividends, investors end up holding dead money Forty-five out of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least five years. That means roughly one in every three quoted firms has withheld cash rewards from shareholders over that period, according to…
The naira yesterday recorded further weakness against the United States dollar, with the margin between the official and parallel market exchange rates widening to N13 per dollar. Figures from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at N1,537 per dollar, a one-kobo depreciation from Monday’s N1,536.99 per dollar. In contrast, the…
