Business News

A-L-E-R-T: Treasury bill Yields Just Fell To a 14-month low

May 12, 2014

The Federal Government’s domestic borrowing costs dropped to the lowest level since March 2013 as a strengthening naira eased pressure...

Dollar Race? MTN Foresees Naira Devaluation in 2015

May 8, 2014

The MTN Group Limited anticipates that the naira will be devalued after next year’s election, saying that the move will...

Official: CBN Bans Bank Debtors With N250m in Non-Performing Loans From New Loans

May 5, 2014

The Central Bank of Nigeria has banned debtors of closed banks with non-performing loans of a maximum of N250m from...

CBN: Starting From June Bank Customers Will Have One Unique Account Nos For Single Or Multiple Bank Accounts…See How

April 28, 2014

Deposit Money Banks (DMBs) will at the end of May begin allocating uniform numbers (Bank Verification Number) that will be...

CBN Proposes Stringent New HoldCo Polciy For Banking Industry…See Details

April 19, 2014

The Central Bank of Nigeria released draft guidelines for the Regulations of Financial Holding Companies in Nigeria. The 23 page...

Tax Waivers? Oil Revenue Crashed by 19.8% in January — CBN

The nation’s oil revenue fell by 19.8 per cent in January 2014 compared to the corresponding period last year, according...

This Chart Shows How Quickly Nigeria’s External Reserve Has Depleted Over The Last 12 Months

The Nigerian external reserves has witnessed a massive decline over the last 12 months. Back in April 2013 it...

TO SAVE THE NAIRA: CBN Sold $26.6b Of Our External Reserve Between Jan – Dec 2013

In its bid to safeguard the value of the naira, the Central Bank of Nigeria sold a total of $4.04bn...

Tax Waivers? Oil Revenue Crashed by 19.8% in January — CBN

The nation’s oil revenue fell by 19.8 per cent in January 2014 compared to the corresponding period last year, according...

BACK ON TRACK? Naira Rises To Six-Week High