NIGERIANS NOW TRANSFER N40B DAILY VIA NEFT AND NIP

"The Nigerian Inter Bank Settlement System (NIBSS) under its NIBSS Instant Payment (NIP) and Nigerian Electronic Fund Transfer (NEFT) claims transactions have increased significantly...

NIGERIA’S MAJOR ECONOMIC NEWS WEEKLY ROUNDUP – (17-22 SEP 2012)

WEEKLY ECONOMIC ROUNDUP   NSE 30 INDEX NEWS The NSE 30 closed at 1,214.05 points a 1.71% rise from 11,93.68 posted at the beginning of the week. Sector...

SPENDING SPREE? N10TR IS THE AMOUNT SPENT BY G.E.J AS AT JUNE 30, 2012

If you are like me thirsty for economic data, then the Central Bank's second quarter economic report is one with enough to quench your...

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

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…?

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...

BREAKDOWN OF NIGERIAN PUBLIC DEBT AS A PERCENTAGE OF GDP

Its no news that Nigeria's public debt has been on the rise over the last few years. However, the CBN confirmed total debt profile...

POWER GENERATION IN 2011 WAS THE BEST WE HAVE SEEN IN RECENT TIMES??

Well if this following chart is anything to go by then 2011 may well have been the best. In fact the best of both...

ATM Transactions Cross The N1Tr Mark As Mobile Money Market Hits N20B In 2011

Nigerian ATM transactions by value hit N1.5tr for 2011, a 63.3% rise from the N954b obtained in 2010. The N1.56tr value in ATM transactions...

NON OIL EXPORT – SEE THE TOP THREE NIGERIAN COMPANIES

There are has been so much clamor for Nigeria to increase its non-oil exports over the years. Dependance on oil has been a major...

CBN WEBSITE WEARS AN ALL BLACK BACKGROUND

As you may well know the Central Bank of Nigeria lost about 8 of its staff in the Dana plane crash. The bank has...

NIGERIAN ECONOMY TO GROW 6.5% IN 2012, INFLATION TO RISE 13.57%

According to the recently released Review of the Nigerian Economy in 2011 and Economic Outlook 2012-2015 by the National Bureau of Statistics, Nigeria is...

Its 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, is at a near...

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 to hold the rate...

With Access Bank sacking 1,500 Intercontinental Bank Staffs, what exactly have we gained from...

News came in on Friday that Access Bank sacked 1,500 staffs of Intercontinental Bank. Actually, insider reports claim that the number is much more...

Nigerian Businesses face huge exposure to exchange rate risk as the CBN plan to...

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...

Danger Monday! Is the economy finally tanking?

Monday mornings signifies an end to a jolly weekend and are also usually known for their painful reminder of a busy week ahead. Today...

New GTB MD, is he the wrong choice or are people just being myopic?

As news broke of the illness of erstwhile GTB MD, the Great Tayo Adenirokun earlier this year, rumors began to spread about who will...

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...

CBN Apology to Chief Anennih

Just reading an advertorial on page 70 of today's Guardian. It's a full page apology to Chief Anennih by the CBN for wrongly including...

As the economy tanks, Sanusi feels no pressure

Economics indices last week points to a gloomy half year for the Nigerian Economy. The stock market continues on a seemingly irreversible downward spiral...

Deposit Rate vs Lending Rate – Who is playing catch up?

Page 41 pf today's Businessday features a CBN advertorial on deposit and lending rate.Going through the data, I realise that despite the new monetary...

“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...

Bonds Bondage, Sanusi On Point!!

Yesterday, the CBN Governor cautioned on the likely threats the FGN Bonds possess on the banking system....

Greek Debt Crisis and the sudden rise in Nigerian Stock Market All Share Index!!

I hope the CBN and those who control our economy are watching the Greek debt crisis? Over the last 2 weeks or so, the...
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