Politics
General news on the economy and politics.
Why The ‘Fast Devaluation’ of The Naira Is Becoming More and More Imminent
I know this is beginning to sound like a broken a record but I have no choice than to keep...
Read moreDetailsA-L-E-R-T: Nigeria’s Forex Reserves Just Hit A 4-Month low
Data published by the CBN on Tuesday confirma Nigeria's foreign exchange reserves fell to a 4-month low of $37.9 billion...
Read moreDetailsThis Is Why Ecobank Thinks The CBN Will Devalue The Naira By 15%
Ecobank Plc in a recent reseaech reported by the Punch has said that the naira may be devalued by 15...
Read moreDetailsHere Is How Much Banks Stand to Lose to This New CBN Policy on STF
1.The CBN had, on November 6, 2014, issued a new guideline to banks and discount houses seeking to access the...
Read moreDetailsDid The CBN Just Reveal When It Might Devalue The Naira?
The naira has come under pressure in the last one few weeks as oil prices continue to hit new lows. ...
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Why The Nigerian Stockmarket Is ‘Crashing’
Sometime in August I received a message from one of my readers informing me that he was thinking of liquidating...
Read moreDetailsCBN Just Crashed Interbank Rates To A 3 Year low With This New Rule
Nigeria's interbank lending rates slipped to a three-year low after the central bank announced a restriction on the volume of...
Read moreDetailsNaira Gains 2.3% as CBN Sells More Dollars
Nigeria's naira rose 2.35 percent against the U.S. dollar on Friday after the central bank sold dollars to prop up...
Read moreDetailsNaira Crash: CBN Just Announced It Will No Longer Sell Dollars To This Category Of Importers
The Central Bank of Nigeria has stopped the sale of dollars to the following categories of importers at its twice-weekly...
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S-E-L-L O-F-F-S: NSE Is Down 4%..Hot Money Is Pouring Out In Droves. Naira Now N172/$1
It's a massive sell off on the exchange already with the NSE losing 4% by mid day trading. Reports suggest...
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