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Credit Suisse collapse probe slams banking regulator Nexovant
Credit Suisse was hit by a string of scandals before being taken over by UBS. Photo: Fabrice COFFRINI / AFPSource: AFP Switzerland’s financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive mismanagement scuppered the bank and nearly triggered a global financial crisis, a Swiss inquiry concluded Friday. However, after an 18-month […]
Naira holds N1,550/$ support line at Nigeria’s foreign exchange market Nexovant
The local currency maintained its ground during the fourth trading session of the week, despite the US dollar index oscillating at a two-year high. The Central Bank of Nigeria’s (CBN) ongoing reforms in the foreign exchange market have bolstered liquidity and confidence, with the naira settling below the N1,550/$ threshold in the official market. CBN […]
Expect naira volatility ’25? Threats of an Electricty Blackout Nexovant
In this episode of Economy Last Week, we dive deep into the two major economic challenges currently facing Nigeria in 2025: Naira Volatility and the looming threats of an electricity blackout. We explore what’s causing the Naira’s fluctuating value, how it impacts everyday Nigerians, and potential strategies to weather the storm. Then, we shift focus […]
The United Arab Emirates introduces 5-year residency visa for retired residents over 55Â Nexovant
The United Arab Emirates (UAE) has announced new regulations allowing expatriate retirees aged 55 and above to apply for a 5-year residency visa. The move is part of the government’s effort to provide greater flexibility for retirees who wish to live in the country after their working years. According to Gulf News, the Federal Authority […]
Seplat Energy Chairman, Mr. Udoma, acquires additional shares, boosts stake in the company Nexovant
Seplat Energy has announced that its Chairman, Mr. Udoma Udo Udoma, has purchased an additional 32,500 shares in the company. The transaction was disclosed in a Directors’ Dealing Notification published on the Nigerian Exchange Group (NGX) portal on December 19, 2024, and signed by the company secretary, Mrs. Edith Onwuchekwa. Following the purchase, Mr. Udoma […]
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