The CBN Devalues The Naira Again to N162.5 (Ahead of MPC Decision)

As many await the decision of the CBN as regards the current pressures on the naira, dwindling oil revenue and its attendant effect on...

Here Is How AMCON MD Used Loaf Of Bread To Explain His Support For...

The naira has understandably been under pressure lately as oil prices dwindle threatening our revenue. Many think devaluing the naira is a bad thing...

Why This Week Is Very Important For The Naira, Stocks and Your Money

This week is bound to be a very important week for the Nigerian economy and it is important that you understand why this is...

Official: 50 debtors Owe 32% of Bank loans – Emefiele

1. The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday disclosed that 50 biggest bank debtors accounted for 32.02 per cent of...

This Is How Bad The Naira Faired Today

1. The naira slid to a new low on Tuesday, as investors worried about the impact of falling oil prices on Nigeria's fragile finances...

Naira, Oil, Stocks, All Crashing? Here Is What You Should Be Doing With Your...

The news everyday these days is full of headlines such as "Oil slump", "stock market crash", 'Naira devaluation", "election troubles" and more recently "austerity"....

After Many Failed Moves, Here Is How The CBN Is Now Planning To Save...

The naira has been under pressure in the last few weeks and on Monday it crashed against the dollar to N173.20 at the interbank...

FRC Is Still Challenging Access Bank Acquisistion of Intercontinental Bank

1. The Financial Reporting Council of Nigeria (FRC) on Sunday disclosed that it had appealed the judgment of a Federal High Court which declared...

Analysis: Why The Naira May Be Devalued Soon

Analysts have been offering opinions regarding the fate of the Naira amidst the fall in oil prices, upcoming elections and insecurity in the North...

Why The ‘Fast Devaluation’ of The Naira Is Becoming More and More Imminent

I know this is beginning to sound like a broken a record but I have no choice than to keep playing it. The naira...

A-L-E-R-T: Nigeria’s Forex Reserves Just Hit A 4-Month low

Data published by the CBN on Tuesday confirma Nigeria's foreign exchange reserves fell to a 4-month low of $37.9 billion as of Nov. 7,...

This Is Why Ecobank Thinks The CBN Will Devalue The Naira By 15%

Ecobank Plc in a recent reseaech reported by the Punch has said that the naira may be devalued by 15 per cent. As expected,  the...

Here Is How Much Banks Stand to Lose to This New CBN Policy on...

1.The CBN had, on November 6, 2014, issued a new guideline to banks and discount houses seeking to access the SDF window. According to...

Did The CBN Just Reveal When It Might Devalue The Naira?

The naira has come under pressure in the last one few weeks as oil prices continue to hit new lows.  This has made the...

Why The Nigerian Stockmarket Is ‘Crashing’

Sometime in August I received a message from one of my readers informing me that he was thinking of liquidating his portfolio. He opined...

CBN Just Crashed Interbank Rates To A 3 Year low With This New Rule

Nigeria's interbank lending rates slipped to a three-year low after the central bank announced a restriction on the volume of idle cash that banks...

Naira Gains 2.3% as CBN Sells More Dollars

Nigeria's naira rose 2.35 percent against the U.S. dollar on Friday after the central bank sold dollars to prop up the value of the...

Naira Crash: CBN Just Announced It Will No Longer Sell Dollars To This Category...

The Central Bank of Nigeria has stopped the sale of dollars to the following categories of importers at its twice-weekly regulated foreign exchange market...

S-E-L-L O-F-F-S: NSE Is Down 4%..Hot Money Is Pouring Out In Droves. Naira Now...

It's a massive sell off on the exchange already with the NSE losing 4% by mid day trading. Reports suggest massive sell orders...

NIgeria Is Not Broke But Needs $5 billion To “Regain Stability” NOI

The Nigerian Minister of Finance,  Okonjo Iweala has said that for Nigeria's economy to retain its current stability, the excess crude account which has...

More Pain? CBN Issues New Prudential Regulations That Limit How Much Forex Banks Can...

The Central Bank is at it again!! They have now released a new prudential regulation that seeks to tighten the amount of foreign currency ...

CBN Dividend Policy: Are These The 4 Banks To Have In Your Portfolio?

Last week we reported that the CBN had issued a new directive that could restrict the quantum of dividends that can be paid by...

This Is The New CBN Directive That Will Determine Whether A Nigerian Bank Will...

The Central Bank has released a a new set of guidelines affecting the dividend policies of Nigerian banks and deposit money banks. The policies...

CBN Just Released These Key Data On Nigerian Banks

The Deputy Governor of the CBN Dr Sarah Alade reeled out some data on Nigerian banks which I thought was important to note. Here...

Did The Debt Management Office Just ‘Dangle A Carrot’ At Foreign Investors?

Reuters reports the Debt Management Office (DMO) priced its 3-year government bond at 12.14% at Wednesday's auction, up 102 basis points from the previous...

Amidst A Bearish Market, The CBN Just Slated Another Round of Treasury Bills Sale...

Reuters reports the Central Bank Nigeria plans to raise N96.26 billion ($587 million) in treasury bills with maturities ranging between three months and one...

How Weak Naira Versus Dollar Can Affect Your Investments, Savings, Business & Even Jobs

It was the beginning of the year in 2009 and Mr Ogilisi was discussing a deal with his suppliers abroad to import goods worth...

CBN Raises Outbound Money Transfer Limit to $5,000

The Central Bank of Nigeria (CBN) monday increased the maximum value for the recently introduced outbound international money transfer services from $2,000 per transaction...

Fitch Ratings: Here Is The Official Press Release By Fitch That’s Buzzing Nigerian Banks

  Fitch Ratings-London-08 October 2014: Fitch Ratings says in a new special report that Nigerian banks are performing well despite the twin hurdles of tight monetary...

Here Is Why Investors Are Currently Fleeing The Nigerian Bond Market

1. Yields on Nigerian bonds climbed last week by around 20 basis points across the board, caused by selling pressure from some offshore and...

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Billionaires club: The current owners of MTN who need to sell for you to...

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image...

MTN Nigeria has signed a N200 billion loan deal that effectively shuts out any...

MTN Nigeria's debuted on the Nigerian Stock Exchange by listing over 20 billion shares at N90 per share. Since then the stock has gained 20%, increasing its market cap by over N360 billion to N2.2 trillion.
CBN begins process for proposed Payments System Vision 2030

CBN begins process for the proposed Payments System Vision 2030

The Central Bank of Nigeria (CBN) has begun the process of developing the Payment System Vision 2030 strategy, which will define the strategic agenda for the Nigerian Payments System for the next ten years.