Emefiele dismisses fears over MPC meeting, insists economy is strong

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for January. A statement signed by Emefiele in Abuja on Monday, said that the meeting, which was earlier scheduled for the day and Tuesday, More...

by Uchenna Ajah | Published 1 day ago
By Felix OLOYEDE On Thursday, January 18th, 2018
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Nigerian equities market goes bearish after hitting over nine year high

FELIX OLOYEDE Profit-taking caused the Nigerian Stock market to go bearish for the first time this week after reaching over nine year high on Wednesday. The All Share Index declined -0.08 per cent to close at 44,848.74 More...

By Uchenna Ajah On Thursday, January 18th, 2018
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2019: Wike gets second term endorsement

Residents of River state have endorsed the Governor, Nyesom Wike, for another term of four years. They declared their support for the governor when over 15,000 non-indigenes of the state visited the Government House More...

By Felix OLOYEDE On Thursday, January 18th, 2018
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Banks enjoy improved liquidity as overnight rate drops three consecutive days

FELIX OLOYEDE The redemption of Treasury Bills by Federal Government has helped to improve liquidity in Nigerian banking sector as overnight rate declined three consecutive times this week. Overnight (O/N) rate More...

By Uchenna Ajah On Wednesday, January 17th, 2018
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PDP Senator defects to APC in rowdy Session

There was mild drama at the Senate on Wednesday when Senator Representing Ebonyi South, Sonny Ogbuoji announced his defection from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC). He More...

By Felix OLOYEDE On Wednesday, January 17th, 2018
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Political activities, currency movement to impact stock market in 2018, says NSE CEO

FELIX OLOYEDE Oscar Onyema, CEO, Nigerian Stock Exchange Activities leading to the 2019 general election and foreign exchange movement would affect the Nigerian Stock Exchange in 2018, Oscar Onyema, Chief Executive More...

By Felix OLOYEDE On Tuesday, January 16th, 2018
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Why CBN won’t cut interest rate despite inflation slowing down to 20 month low

…Nigerian inflation rate slows to 15.37%, lowest since April 2016 FELIX OLOYEDE Prof. Yemi Kale, DG, National Bureau of Statistics Those agitating for interest rate cut in first quarter may have to wait longer More...

By Olaolu Ayoola On Tuesday, January 16th, 2018
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# Nigeria 100: Annual list of the most powerful and influential Nigerians, 2017

# Nigeria 100: Annual list of the most powerful and influential Nigerians, 2017 Nigeria is a country of very powerful men and women strewn across a broad stratum of the society. Lords of various dimensions jostle More...

By Olaolu Ayoola On Tuesday, January 16th, 2018
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IFRS 9: Banks to cut credits to private sector to mitigate impact

By FELIX OLOYEDE New credit regulatory standards imposed by international financial regulatory agencies in 2018 may pose a fresh challenge to Nigerian banks. The introduction of International Financial Reporting More...