What bank customers need to know

On August 1, a new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system. The Central Bank of Nigeria (CBN) says the Global Standing Instruction (GSI) policy will facilitate improved credit repayment culture in the country; reduce non-performing loans (NPLs), and promote watch-listing of chronic loan […]

Forex scarcity takes toll on manufacturing sector

By Collins Nweze The liquidity crisis in the foreign exchange (forex) market is becoming increasingly unbearable as many businesses face challenges with importation of raw materials, equipment, spare parties and other inputs, Director-General, Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf has said. The development, he added, has created a new dimension to the […]

Why you should consider selling Bitcoin now

Recent trends and macros surrounding the world’s most valuable crypto asset have shown that investors need to start selling some of their bitcoins for profit. The facts: BTC rose above the $12,000 price level, roughly about 23 hours ago. But there were warning signs indicating that daily active addresses on the network were not keeping […]

IMF-induced Policies Will Repress Nigeria’s Currency, Labour Warns — Economic Confidential

IMF-induced Policies Will Repress Nigeria’s Currency, Labour Warns     Submitting to the International Monetary Fund, IMF-induced policies would further distort and repress Nigeria’s currency, organised labour has warned. They argued that embracing the policies would lead the nation to a situation where a U.S. Dollar would exchange for more than N600. Labour, under the […]

Accessing CBN’s oil palm intervention funds is very difficult, says IbruFeatures — The Guardian Nigeria News – Nigeria and World News

Ibru Mr Emmanuel Ibru, Chief Executive Officer, Aden River Estates Limited and Chairman, Plantation Owners Forum of Nigeria (POFON), speaks on the potentialities of the oil palm industry, its challenges, and how more investments and policies can help the country explore inherent diversification of the economy through the multipurpose oil palm sector. FEMI IBIROGBA, Head, […]

Economy: Research reports, FG differ on major indices

Nigeria Economy By Peter Egwuatu Against the backdrop of recently set targets in  the revised 2020 budget and the approved Federal Government’s National Economic Sustainability Plan, NESP, research reports by some investment houses have indicated that macroeconomic outcomes would be far off targets by year end 2020 into 2021. Despite the estimated stimuli amounting to […]

Nigerians’ double blow: Currency woes and Covid-19

Image copyright Tope Adenola/Ndidi Nwuneli/MOE+ Entrepreneurs in oil-rich Nigeria are finding it difficult to weather the economic fallout of the deadly coronavirus pandemic and a plummeting currency. Amid the lockdown a dispute between Russia and Saudi Arabia sent the price of the fossil fuel tumbling, dragging down the value of the Nigerian currency with it. […]

Banks groan under CBN sanctions

Godwin Emefiele, CBN Governor By EMEKA EJERE There are growing fears that the continuous debiting of commercial banks’ accounts by the Central Bank of Nigeria (CBN) as a penalty for falling short of the cash reserve requirement (CRR) as well as the stipulated loan to deposit ratio (LDR) may jeopardise the nation’s efforts to recover […]

Present exchange rate of dollar to naira

Did you know that a parallel market is also known as the black market in the dollar to naira today market? Central Bank of Nigeria CBN Exchange Rate …

Google’s advertising revenue plunges | Nairametrics

Two global tech juggernauts — Apple and Facebook, have lived far beyond global investors’ expectations with their latest earnings results. The companies’ financial results, which were released late last night, showed Apple and Facebook recorded an impressive surge in revenue in spite of the COVID-19 pandemic. Apple Inc’s Q3 revenue smashed Wall Street forecasts in […]

‘Revenue projections possible but we can do better’

Eben Joels is Senior Partner of Stransact, a professional services firm in Lagos. In this interview with Ibrahim Apekhade Yusuf the chartered accountant and management consultant speaks on the projected N18 trillion revenue target of the federal government and sundry business related issues. Excerpts:   The federal government plans to generate N18trillion revenue by 2023, […]

Central bank of nigeria news

… 380 naira per dollar, compared with 360 previously, the people said, asking not to be identified The Central Bank of Nigeria (CBN) on Friday made …

Sanusi supports CBN’s unification of exchange rate

Alhaji Sanusi Lamido Sanusi, a former governor of the Central Bank of Nigeria (CBN) has given his support to the efforts made by the CBN towards the unification of exchange rates. He stated this at a webinar titled “United States of Naira: What price for unification?” hosted by AZA, a currency trading firm. He advised […]

CBN inflation rate

Etfo Strike Schedule 2020, Shandong Luneng Country, Imports And Exports Definition, Adidas Nba Jersey, Hitachi Consulting Layoffs, Dominion Theatre Seats, Kathryn Leigh Mccarver Photos, Wilson Parking Barangaroo, Armenian National Anthem, Foundations 20 Saskatchewan Curriculum, Jean Vanier Biography, Maggie Griffin Home, Home Wasn’t Built In A Day, Road Rage, Crashes Videos, Simon Nessman Looksmax, Modern Day […]