Business News
Business and economic news from Nigeria and around the world.
Is This Why Dollar Sold For Less At The Black Market (N183) Compared To The InterBank (N184.1)?
Yesterday, Monday I was informed that the naira was trading at N183 against the dollar. I compared that to last...
Read moreDetailsHow Nigerian Cocoa Farmers Are Set To Benefit From Devalaution
The after shock from the recent devaluation of the naira is still reverberating around the country. From Abubakar Tafa Balewa...
Read moreDetailsThis Is Why November Is The Worst Month For The Naira Since 2008
The naira appears to have hit its worst monthly depreciation in almost six years (December 2008) against the dollar in a...
Read moreDetailsWe devalued, We did not devalue…Tale of Two Flip Flopping CBN Deputy Governors
I was asked by a few people on social media if actually what happened was a devaluation. This surprised me...
Read moreDetailsHow OPEC’s Decision Not To Cut Supply Affects Nigeria and Oil Stocks
OPEC has announced it is leaving its current oil-output target unchanged, resisting calls from Venezuela and other poorer OPEC countries for...
Read moreDetailsFitch Issues Press Release on Naira Devaluation and How It Affects Nigerian Banks
Fitch just issued the following Press Release regarding the devaluation of the Naira Fitch Ratings-London-27 November 2014: The Central Bank...
Read moreDetailsThis Is Who Benefits From Naira Devaluation
The Naira has been devalued and black market rate on Wednesday closed at N186 in some parts of Lagos. Surely,...
Read moreDetailsStocks Rally…See Top Gainers and Losers (26/11/2014)
Nigerian Stock Exchange closed higher Wednesday following the announcement by the CBN that it had devalued the Naira. Here are...
Read moreDetailsOkonjo Iweala Says This Is Who Is To Blame For Naira Devaluation
The CBN devalued the Naira on Tuesday and as expected it has attracted some criticism of the Government. Typically, when...
Read moreDetailsInterbank Rates Doubles To 20% Following CBN Plans To Debit N568billion From Bank Accounts
Following the Monetary Policy Committee meeting yesterday, the CBN has informed banks that it will be debiting N568billion from the...
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