CATEGORY: NAIRA EXCHANGE RATE

Launched: FXTM Introduces Over The Weekend Forex Trading Account

Launched: FXTM Introduces Over The Weekend Forex Trading Account

  The ForexTime Limited (FXTM) has introduced an “Over-the-Weekend (OTW) trading account, where traders can enjoy swap-free trading from Monday to Friday. The firm...


Bubble Season: Naira Depreciates, Nigerian Bond Yields Rise, As Foreign Investors Pull Out Cash.

Bubble Season: Naira Depreciates, Nigerian Bond Yields Rise, As Foreign Investors Pull Out Cash.

Yields on Nigeria’s 10-year bonds have increased by about three per cent in the past two weeks as investors sell-off their securities in anticipation...


Naira Falling Quickly Against The Dollar. Now At 10 Months Low

Naira Falling Quickly Against The Dollar. Now At 10 Months Low

  Nigeria’s naira currency fell to its weakest level in almost 10 months on the interbank market on Friday, driven down by strong demand...



Is It Time To Dump Or Buy The Pounds Sterling??

Is It Time To Dump Or Buy The Pounds Sterling??

On a recent impromptu trip to the US, I borrowed about about £680 from a friend promising to repay on my return. I had...


CBN SAYS “WE DO NOT HAVE THE CAPACITY TO BAN — USE OF DOLLAR FOR LOCAL TRANSACTIONS”

CBN SAYS “WE DO NOT HAVE THE CAPACITY TO BAN — USE OF DOLLAR FOR LOCAL TRANSACTIONS”

  In response to the House of Reps resolution that the CBN should ban the use of dollars for transactions in Nigeria, the CBN...


Baggage Of Problems You Must Be Aware Of If You Want To Start Your Own Business

Baggage Of Problems You Must Be Aware Of If You Want To Start Your Own Business

Everybody one day wants to own a business of some sort and become your own boss. It is human nature and your ability to...


IS THE NEW N5K NOTE A PRELUDE TO $1=N200? FOR NOW ITS A RUMOR BUT…..?

IS THE NEW N5K NOTE A PRELUDE TO $1=N200? FOR NOW ITS A RUMOR BUT…..?

On a faithful day on the 3rd of December 2008 Nigerians woke up to a 6.58% depreciation of the Naira sending the value of...


THE NEW N5,000 NOTE, A “CURE” FOR A DYING NAIRA…?

THE NEW N5,000 NOTE, A “CURE” FOR A DYING NAIRA…?

Yesterday, the CBN announced yet another plan to coin lower denominations, introduce higher denominations and enhance the quality and appearance of some notes. This has...


How Unilag can loose billions of Naira due to name change

How Unilag can loose billions of Naira due to name change

      “If this business were split up, I would give you the land and bricks and mortar, and I would take the...


How to avoid paying taxes in Nigeria

Tax like they say is the only constant thing in life along with rain. Tax is a statutory obligation of every citizen and businesses...


Nigerian 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 dollar to between N155/N156...


Sanusi 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 also increased the bank...


Is the Value of the Naira really N170 to $1?

A recent publication of the Lagos Business School on the state of the economy in the first 100days of GEJ (LBS Report) suggest the...


“Runs” Business: A 60 Billion Naira Industry?

“Runs” Business: A 60 Billion Naira Industry?

Meet a young beautiful lady named Shirley. She drives a Volkswagen Bug, lives in a flat in Lekki, owns a pair of the latest...