Politics
General news on the economy and politics.
How The New CBN Restriction of rDAS (Dollar) Sales to BDCs Could Affect Your Money
The CBN has issued another circular increased its Net Open Position from 0.1% to 0.5% of shareholders fund unimpaired by...
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DEVALUATION 2.0: Naira Drops To Lowest EVER at The Interbank, Ahead of MPC Communique
It was another record low for the Naira today after it fell by 3.6% to N191 191.85 naira against the...
Read moreDetailsA-N-N-O-U-N-C-E-M-E-N-T: JP Morgan ‘Threatens’ To Yank Nigeria Out Of Its Emerging Market Bond Index
In a drastic twist of fortunes JP Morgan has threatened to eject Nigeria from its widely benchmarked emerging market index....
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Did This Statement From Oscar Onyema Trigger The Mega Sell-Offs Of Nigerian Stocks
Source: Bloomberg Nigerian All Share Index already has the enviable record of being the worst performing stock of 2015 after...
Read moreDetailsOfficial: Why Nigerian Stock Market Performed Poorly in 2014, According to NSE
If you are a regular reader of this blog, then by now you should have a good idea of why...
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AMCON Boss Wants CBN To ‘Devalue’ The Naira Quarterly
Just after the CBN Monetary Policy Committee announced devaluation of the naira last year, a CBN Deputy Governor Adebayo Adelabu...
Read moreDetailsU-Turn: CBN Reviews Dealers’ Forex Position to 0.1%
The Central Bank of Nigeria (CBN) on Monday reviewed upward the daily foreign currency trading positions of banks from zero...
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Chart of the day: The CBN Has Sold $217.2billion Between 2002 and 2014 ‘Defending the Naira’
Dollar Sales between 2002 and 2014 (Source: CBN) The Minister of Finance, Ngozi Okonjo Iweala responded to criticism labeled by...
Read moreDetailsHere Are Godwin Emefiele’s 5 Strong Responses Debunking Capital Controls
The CBN has in recent months issued a set of circulars that have affected the purchase of utilization of...
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