Politics
General news on the economy and politics.
Nigeria’s Federation Account Revenue Just Nose Dived To a 9 Month Low
The Central Bank in its Monthly Economic Report for October released yesterday revealed that the Federal Government generated N278.79billion a...
Read moreDetailsThis Is The Full 2015 Nigerian Budget Speech (Updated)
The Budget office finally released the full transcript of the 2015 Budget speech which is much more comprehensive than the...
Read moreDetails
Why The Dollar Is Selling For N192 At The Black Market
A few calls to black market operators in Ikoyi confirm the dollar was trading at between N192 to N193. The...
Read moreDetailsCBN Sold One Year Treasury Bills Last Week At a True Yield of 19%!!!
The Central Bank on Wednesday sold N110.39b worth of one year treasury bills at a rate of 15.99% delivering a true yield...
Read moreDetailsThe CBN Plans Sale of N1.22 trillion Treasury Bills In The Next 12 Weeks and Will Sell on Xmas Day
The Central Bank has announced plans to borrow about N1.22 trillion via sale of Treasury Bills in the First Quarter...
Read moreDetails
It’s Deficit Upon Deficit: Analysis of Nigeria’s Budget vs Actual Since GEJ Last Won An Election
They have come again! The Minister of Finance, Ngozi Okonjo Iweala last week presented the 2015 Federal Budget. The budget...
Read moreDetailsThis New CBN Circular Targets Customers Who Buy Forex
The Central Bank of Nigeria has issued a new circular targeting customers who purchase Forex from the inter-bank market. The...
Read moreDetailsThe CBN Just Threw The Kitchen Sink At Shady Forex Traders With This New Circular
The Central Bank Governor yesterday in a surprise move issued a circular instructing banks to keep a net zero position...
Read moreDetailsBanks Lend Money To Each Other For A Record High 80% On Tuesday
Nigeria's interbank overnight lending rate spiked to 80% today following a drop in liquidity The NNPC withdrew more cash from...
Read moreDetailsCBN Governor Just Disclosed Plans For NYSC Members Interested in Crude Oil Palm Business
Nigeria is a funny country especially when it comes to policy making. We grant waivers to importers of products that...
Read moreDetails
