POSTS BY: ONOME OHWOVORIOLE

Banks Are Borrowing Money From CBN To Buy FX

Nairametrics|Since the introduction of the new foreign exchange policy, there has been a marked drop in the exchange rate...


People Don’t Learn From MMM: SEC Closes Another Ponzi Scheme

Nairametrics|The Securities and Exchange Commission (SEC) recently shut down an investment firm masquerading as a ponzi scheme. The firm,...


Looks Like South Africa’s Liberty Mutual Just Bought 75% Of UNIC

Nairametrics| The wave of mergers and acquisitions seem to be blowing in the insurance industry again. Liberty holdings, one...



CBN Revises Cash-less Policy; Introduces New Charges For Deposits & Withdrawals

Nairametrics| The Central Bank Of Nigeria (CBN) today released a circular revising its cash-less policy. The policy becomes effective...


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...


8 Things We Now Know After Shoprite Nigeria Declared 60% Spike In Sales

Nairametrics| Africa’s largest retail Supermarket chain, Shoprite Holdings released its 2016 full year results on Tuesday, showing headline earnings...


Cadbury Nigeria Plc Announces Closed Period

Cadbury Nigeria Plc, in a notice to the Nigerian Stock Exchange, announced the commencement of a closed period in...


Alert: Nigeria Breweries Declares Final Dividend of 2.58 Naira

In a statement to the Nigerian Stock Exchange (NSE), Nigeria Breweries declared a final dividend of 2.58 Naira per...


CBN Introduces New Foreign Exchange Policy.

In what appears to be a step towards a flexible exchange rate, the Central Bank Of Nigeria (CBN) today...


Nigeria Breweries Reports 26% Drop In Profits (FY 2016)

Nigeria Breweries today released audited results for the financial year ended December 2016. Revenue N’ million FY 2016| N...


Ladi Balogun Steps Down As Bank CEO, To Become FCMB Group CEO

In a statement to the Nigerian Stock Exchange (NSE), FCMB notified of its reorganization in its management that current MD/CEO...


Anticlimax: Goodie Ibru Retires From Ikeja Hotels

Nairametrics| After a long battle, which culminated in several court cases, Goodie Ibru has stepped down from the board...


Stage 2: Medview Air To Hold IPO In Three Months

Nairametrics| Newly listed company on the Nigerian Stock Exchange (NSE), Medview Air will be having an Initial Public Offer...


CAC On Strike: Foreign Investors Will Not Take Nigeria Serious

Nairametrics| Workers at the Corporate Affairs Commission (CAC) on Wednesday began a three day warning strike. Reasons for the...


Cost Abuja Airport Closure Is Mounting: Here Are The First Set of Losers. 

It is no longer news that the Abuja airport will be closed for a period of six weeks to...


Govt. Says These Are 11 Reasons Why The Economy Is On The Path of Recovery

Nairametrics| The Federal Government has been optimistic about its plans to put the economy on the path of recovery....


These Are The New BRT And Lagbus Fares

The Lagos State Government has officially approved the increase in fares by operators of the BRT and Lagbus schemes. ...


Looks Like Okin Biscuit Factory Is About To Be Sold Off

Nairametrics| It appears that the harsh business environment in the country has just claimed another victim. If you were...


Lafarge Announces Board Meeting To Discuss Dividend Payments 

In a statement to the Nigerian Stock Exchange (NSE), Lafarge Africa Plc has announced its board meeting scheduled to...


Why You May Have Fake Naira In Your Pocket

Ex CBN Deputy Governor Obadiah Mailafia, at a public hearing on the 2017 budget held by the National Assembly...