Business News
Business and economic news from Nigeria and around the world.
AMCON To Repay N800b Bonds in August and Has No Plans To Buy New NPLs
The Asset Management Corporation of Nigeria says it plans to repay N800bn of bonds due by August this year. The...
Read moreDetailsU Turn or Reality Check? Emefiele Says No Action on Lending Rate Before General Elections
The new Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has clarified his agenda on the planned reduction...
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Are These Signs That Banking Stocks Are About To BOOM>>>>>
The Banking Sector has had a tumultuous 2014 as strict regulatory and monetary policy guidelines threaten their profitability in...
Read moreDetailsEmefiele’s Statement Sends Naira Crashing To Two Months Low
Reuters: Nigeria's naira weakened to more than two month low of 164.46 to the dollar on Friday, down 0.37 percent,...
Read moreDetailsOFFICIAL: No More Charges On Over The Limit Bank Deposits – Emefiele
In a move that is sure to excite bank depositors the new CBN Governor stopped charges on deposits made into...
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Track Your Stocks: Top 5 Stocks Today (5/6/2014)
Redstar Express led the gainers chart today gaining 5%. On a day that the CBN Governor revealed his policy mandate...
Read moreDetailsWhat Godwin Emefiele’s Policy Statement Means For Your Money
The current CBN made his very first policy statement today as a CBN Governor and it was one that sent...
Read moreDetailsKPMG: Nigerian Banks’ Assets Worth $117b and Growing
The banking sector is expected to grow to over $168 billion by 2015, a KPMG report on the subsector has...
Read moreDetailsA-L-A-R-M-I-N-G: External Reserves Fall by $11.3bn In One Year
The nation’s external reserves have fallen by $11.3bn from $48.4bn in May last year to $37.1bn as of May 27...
Read moreDetailsYour Money: Why Naira Expected to Appreciate Against The Dollar Next Week
The naira is expected to extend gains against the U.S dollar next week on support from energy companies' month-end dollar...
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