Business News
Business and economic news from Nigeria and around the world.
Nigeria’s External Reserves in 2011
Nigeria's External Reserves in 2011 Month External Reserves in 2011 (US$' Million) Jan 33131.83 Feb 33246.07 Mar 33221.8...
Read moreDetailsNigeria’s Foreign Trade Statistics 2001
Month 2001 Imports (c.i.f) (N' Million) 2001 Exports and Re-Export (f.o.b) (N' Million) Balance of Trade (N' Million) Jan...
Read moreDetailsNigeria’s Foreign Trade Statistics 2000
Nigeria's Foreign Trade Statistics 2000 Year (2000) Imports (c.i.f) Exports and Re-Export (f.o.b) Balance of Trade Jan ...
Read moreDetailsNigerians drink 593,000 bottles of champagnes a year
Its no news that Nigerians like partying, celebrating and just basically having fun. Just go out on any Saturday and there is...
Read moreDetailsIts a party, Interest Rate is going up.
We are certainly in interesting times. Interest rates for treasury bills, one of the safest instruments issued by the government,...
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CBN retains MPR at 12%
Contrary to expectations of an increase in the monetary policy rate of the Central Bank, the Monetary Policy Committee agreed...
Read moreDetailsWith Access Bank sacking 1,500 Intercontinental Bank Staffs, what exactly have we gained from the much touted “banking reforms”?
News came in on Friday that Access Bank sacked 1,500 staffs of Intercontinental Bank. Actually, insider reports claim that the...
Read moreDetailsInsurance Company may not pay you claims if your brother bashes your car while driving it
I read an interesting article on page 35, businessday of 2/11/11 on why it is important to read the fine...
Read moreDetailsNigerian Businesses face huge exposure to exchange rate risk as the CBN plan to devalue the Naira
The Central Bank Governor on Monday announced that the CBN it was looking to devalue the rate of the Naira against the...
Read moreDetailsSanusi fires first shot as MPR is Hiked. Interest Rates to rise by 2.75%
As predicted yesterday the Monetary Policy Committee jacked up MPR by an astonishing 275 basis point (2.75%) to 12%. They...
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