The nation’s plan to rebase the Gross Domestic Product figures next year may boost the size of its economy by as much as 60 per cent, leapfrogging South Africa as the continent’s largest nation in terms of total wealth, Renaissance Capital Limited has said. Nigeria might see its economy measured […]
Author: InvestAdvocate
Nigeria’s NNPC owes gov’t $12 bln, not $50 bln – cbank
* Cbank leaked letter said $50 billion unaccounted for * Finance, oil ministers held talks with cbank governor * Probes have found state-oil firm to lack transparency Nigeria’s central bank said on Wednesday the state-oil company NNPC had not paid $12 billion it earned from oil sales into government accounts, […]
SAC’s Steinberg found guilty of insider trading
Michael Steinberg, a top portfolio manager at Steven A. Cohen’s SAC Capital Advisors hedge fund, was found guilty on Wednesday on charges that he traded on insider information. A federal jury in Manhattan found Steinberg, 41, guilty on all five counts of conspiracy and securities fraud that he faced. Prosecutors […]
