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Nigerian Parallel Market Can’t Dictate Naira Rate, Emefiele Says – Bloomberg

Nigerian Parallel Market Can’t Dictate Naira Rate, Emefiele Says  Bloomberg

How Long Until Exit From Recessionary Waters?

Tuesday November 24, 2020 / 10:49 AM / by CardinalStone Research / Header Image Credit: Coinfomania   How long until exit from recessionary waters? Data from the National Bureau of Statistics (NBS) revealed that the Nigerian economy has officially slipped into recession for the second time in 5 years, as the economy contracted by 3.62% YoY in […]

Elon Musk surpasses Bill Gates’ wealth, now worth $128 billion

Bravura Holdings Ltd – owned by Nigerian billionaire, Benedict Peters, has made plans to dig a platinum mine in Zimbabwe with at least a billion dollars, in a report credited to Bloomberg News. The Platinium mine is located in Selous, not too far from the south of Zimbabwe’s capital – Harare, and close to present […]

CBN Interventions Will Hasten Nigeria’s Exit from Recession, Says Youth Groups

By Udora Orizu Major youth groups have expressed optimism that the robust economic policies of the Central Bank of Nigeria (CBN) would lead to a quick exit of Nigeria from the current recession. The groups include Arewa Consultative Youth Movement, Ohaneze Ndigbo Youth, Oduduwa Youth Forum, South South Youth Council, and Middle Belt Youth Movement. […]

CBN likely to leave MPR at 11.50%

Last week Naira fixed-income rates fell to new lows and the one-year Treasury Bill yield rose only slightly after significant declines in recent months. The mechanics of these interest rate moves are well-understood. In October 2019 most Nigerian institutions and companies were barred from bidding for new CBN open market operation (OMO) bills – a […]

Recession, CBN & Naira in focus

Recession, CBN & Naira in focus. Written by Lukman Otunuga, Senior Research Analyst at FXTM. Share this: …

Naira plunges further, exchanges for 483/$ over speculation – Punch Newspapers

Nike Popoola The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions in terms of forex injections by the Central Bank of Nigeria. Bureau de Change operators have blamed the depreciation of the naira on the activities of speculators. The President, Association of Bureaux De […]

Recession, CBN and Naira in Focus

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How to apply for 200bn CBN Social Housing Loan

July 21, 2020. In "Business News". Trade with Nairabusiness. Looking for your …

Recession: Ethnic youth groups applaud CBN economic interventions

CBN Task Nigerians not to panic over reported looming recession *Say Emefiele’s economic formula is a key unifier of the country *It taps into the comparative advantage of various segments of the country, they add   By Joseph Erunke MAJOR ethnic youth groups in the country have applauded the Central Bank of Nigeria, CBN’s economic […]

This Igbo Man Should Be Arrested! See How He Broke The CBN Law And What He Did

We all have to know that no matter who you are, nobody is above the law of the state and country. There are certain rules which you must abode with but if you do not, then you’ll face the consequences. Below is the picture what the rules of CBN said; But if any person disobey […]

ABCON Warns Speculators Will Lose Money As CBN Has Enough Reserves To Fund Market, Defend Naira –

BY BAYO AMODU The Association of Bureaux De Change Operators of Nigeria (ABCON) has sent strong warning to foreign exchange speculators pushing the naira to forceful depreciation through their illegal activities.   Speaking to financial journalists on market development, ABCON President, Alhaji (Dr.) Aminu Gwadabe, said forex speculators are taking huge risks with their funds, […]

CBN AGSMEIS Loan Application Form November 2020; Agro-Business Registration Portal Guide

CBN AGSMEIS Loan Application Form November 2020 – Here is the Agri-Business/Small and Medium Enterprise Investment Scheme registration guide on and how to apply. AGSMEIS Loan Application Form November 2020 Name: Agri-Business/Small and Medium Enterprise Investment Scheme Mission: SME Agro Investment Official Website: This is a detailed guide on AGSMEIS Loan Registration and […]

ABCON warns: Forex speculators risk losing money as they push for forceful depreciation

The Association of Bureau De Change Operators of Nigeria (ABCON) has strongly warned foreign exchange speculators, who have been pushing for the forceful depreciation of the naira through their illegal activities, that they run the risk of losing their money. According to a report from ThisDay, this is contained in a statement issued by ABCON […]