NIGERIA: Daily Parallel Market Exchange Rate (Feb 23, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


Interbank Lending Rates Hits 200% As Banks Borrow From Each Other To Buy Forex

Nairametrics| Nigerian Banks are on a buying spree and they are borrowing at record rates to do so.  According...


MMM Just Sent Its Members This New Notice

Nairametrics| Ponzi scheme, MMM Nigeria has sent a notice to its participants (Mavros as they are called) according to...



List of Dividends Announced So Far In 2017 (Updated February 23, 2017)

Nairametrics| As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by...


MTN & South Africa Comments On Attacks On Its Abuja Head Office

A group of Nigerian protesters attacked and vandalised the head office MTN in Abuja on Thursday according to reports...


Is United Capital Experiencing A Bear Trap?

  Nairametrics| United Capital’s share price dropped for the 4th straight day as investors continued taking profits ahead of...


New Forex Policy: Here Is What This Bank Sent To Its Customers 

Banks have started implementing the new forex policy. In doing so the first thing they typically do is to...


Black Market Exchange Rate Drops Below N500; First Time In 3 Weeks

Nigeria’s parallel market exchange rate dropped below N500 for the first time since February 2, 2017. Data from our parallel...


Here is The Impact of Latest NLNG Gas Pipeline Explosion

Nairametrics| Nigerians woke up on Thursday to the news of yet another gas explosion. This time it affected the Nigeria...


Why The Dollar May No Longer Be The Biggest Threat To The Naira By @LloydAtiku

Nairametrics| Economists often disagree on everything including the best metrics that should be used to measure the intensity of...


Nigerian Students Have A Message For Xenophobic South Africans 

Nairametrics| Comrade Chinonso Obasi, National President of Nigerian Association of Nigerian Students, NANS, issued a statement Wednesday night condemning...






Alert: Fitch Explains Why Latest Forex Policy Could Favour Banks

Rating agency Fitch, has dropped its first analysis on the latest CBN Forex Policy. Here it is LONDON, February...


Analysis: Speculators Are Offloading Dollars, What is The End Game?

Nairametrics| Yesterday, Reuters reported that Central Bank of Nigeria sold about $6.5 million of Forex to the interbank market...


Rumble In Ibru Family Over Estate

Barely six months after patriarch of the Ibru clan and billionaire, Michael Ibru passed on, peace seems to have...


U-Turn: CBN Deletes Tax Requirement For Buying PTA

It's been just a little over 24 hours since the CBN issues a new Forex policy aimed at the...