Business News

November 9, 2014

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

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

November 7, 2014

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

Naira Gains 2.3% as CBN Sells More Dollars

November 7, 2014

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

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

November 7, 2014

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

S-E-L-L O-F-F-S: NSE Is Down 4%..Hot Money Is Pouring Out In Droves. Naira Now N172/$1

November 6, 2014

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

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

October 28, 2014

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

Official: The CBN Will Approve Your Employment Letter Before You Join Any Bank

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

October 28, 2014

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

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

October 26, 2014

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

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

October 24, 2014

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

CBN Just Released These Key Data On Nigerian Banks