Inflation to reverse upward after 17 consecutive slow down

By FELIX OLOYEDE With politics raising the temperature of civil society, a troop of economic analysts calling on their experiences in months leading to major national elections, have reached a consensus that the Central Bank of Nigeria’s (CBN’s) inflation-bashing antics is doomed to suffer a temporary reversal as politics trumps sensible economic More...

by Uchenna Ajah | Published 3 weeks ago
By Felix OLOYEDE On Tuesday, July 24th, 2018

MPC Keeps Rates Unchanged for 2 years

Godwin Emefiele, CBN Governor The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained benchmark interest rate at 14 per cent with the asymmetric corridor at +200bps and -500bps around More...

By Uchenna Ajah On Sunday, July 22nd, 2018

Top banks battle rising NPLs; 2 lose top rating

By FELIX OLOYEDE In the face of daunting economic challenges, commercial lending institutions called Systemically Important Banks  (SIBs) continue to lead the Nigerian financial services sector despite their struggles More...

By Felix OLOYEDE On Wednesday, July 11th, 2018

Weak purchasing power responsible for slowing inflation rate, says Chukwu

FELIX OLOYEDE The continuous decelerating inflation rate in the country was largely due to weak purchasing power amongst Nigerians, said Johnson Chukwu, Managing Director, Cowry Asset Management Ltd. Speaking on More...

By Uchenna Ajah On Sunday, July 1st, 2018

Big banks in equity market slump

By OKEY ONYENWEAKU Investors are seeking bumper harvests by year end as they begin to cherry pick low priced banking sector stocks. Price earnings ratio (P/E) for banks has continued to dip over the last two quarters More...

By Felix OLOYEDE On Thursday, June 21st, 2018

Coronation Merchant Bank CRO emerges RIMAN President

Nnoka Magnus, newly elected RIMAN President The Chief Risk Officer of Coronation Merchant Bank; Mr. Magnus Nnoka has been elected as the president of the Risk Management Association of Nigeria (RIMAN). His election More...

By Felix OLOYEDE On Tuesday, June 19th, 2018

Anxiety mounts over U.S. interest rate hike

…expect capital flight, experts warn FELIX OLOYEDE CBN Gov Emefiele and Finance Minister Adeosun There is growing concern over the effects of U.S. Federal Reserve’s decision to raise its benchmark interest rate, More...

By Felix OLOYEDE On Wednesday, June 13th, 2018

CBN may raise rates by fourth quarter, says Coronation Merchant Bank

FELIX OLOYEDE Contrary to the expectation of many for an interest rate cut, the Central Bank of Nigeria may actually raise rates by the fourth quarter of 2018, says the latest report from Coronation Merchant Bank. In More...

By Felix OLOYEDE On Monday, June 4th, 2018

CBN cuts BDCs’ forex rate as ABCON pledges support for single rate

FELIX OLOYEDE Godwin Emefile, CBN Governor In a bid to further ensure stability in the country’s foreign exchange market, the Central Bank of Nigeria (CBN) has reduced the rate it sells dollars to Bureau de changes More...