CATEGORY: NEWS REVIEWS

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,...



Implication: NDIC Says N1.8tr In Bank Loans Are “Non-Performing”

Nairametrics| The Banking crisis of 2009/2010 is still very fresh in the minds of a lot of Nigerians especially when...




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...


IMF Urges Nigeria To Step Up Economic Reform Ahead Of 2019 Elections.

Nairametrics| If there is one thing the Buhari government isn’t going to do, it’s to go cap in hand...


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...


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...


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...


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...


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...






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...