Market Crash: Don’t give up on stocks yet!

Spooked by market declines investors have started heading for the door. With the Nigerian Stock Exchange (NSE) All Shares INDEX (ASI) dropping by 4.5per cent over the last two weeks traders have started panicking as they off load shares with the speed of amateur sailors bailing water from a leaky boat. Insurance shares in particular have toppled over More...

by Uchenna Ajah | Published 2 months ago
By Uchenna Ajah On Monday, February 19th, 2018

Massive sell-off hits insurance sector

    FELIX OLOYEDE As the Nigerian Stock Exchange (NSE) changes its rules about the maximum price that stocks could dip below their nominal book values of 50 kobo per share, Insurance sector stocks since More...

By Felix OLOYEDE On Thursday, February 8th, 2018

Nigerian banks to increase credit to private sector in 2018, says FBNQuest

FELIX OLOYEDE Commercial banks in Nigeria would increase lending to the private sector this year, on the back of fallen yields in the securities market, which has dipped by +/-300bps in the past six months, FBNQuest More...

By Felix OLOYEDE On Wednesday, February 7th, 2018

 Banks struggle with liquidity squeeze as overnight rate hits 10 month high

FELIX OLOYEDE Godwin Emefile, CBN Governor Central Bank of Nigerian’s (CBN) decision to debit banks for foreign exchange bids has caused liquidity challenge in the country’s financial sector as overnight More...

By Felix OLOYEDE On Wednesday, February 7th, 2018

Banks stop forex charges, unify forex rate

FELIX OLOYEDE Banks have agreed to stop charges on sales of Personal Travel Allowance (PTA), Basic travel Allowance (BTA), oversea medical expenses amongst others and harmonized foreign exchange at N360 to the US More...

By Uchenna Ajah On Tuesday, February 6th, 2018

First time in three months: Bitcoin drops below $6,200  

Bitcoin plunged 20 percent to a three-month low on Tuesday, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The More...

By Felix OLOYEDE On Tuesday, January 30th, 2018

CBN may not lower interest rate in 2018 -Afrinvest

By FELIX OLOYEDE Ayodeji Ebo, MD, Afrinvest Securities Ltd Despite reiterated assurance of interest rate downward review from the Central Bank of Nigeria (CBN), Nigerians may not see adjustment of monetary policy More...

By Uchenna Ajah On Tuesday, January 23rd, 2018

FOREX: CBN explains 210 million dollars boost

The Central Bank of Nigeria (CBN) has injected 210 million dollars to boost the inter-bank foreign exchange market and to meet customers’ requests in various segments of the market. The Bank’s acting Director, More...

By Uchenna Ajah On Monday, January 22nd, 2018

Bongo: No cause for alarm over failed MPC meeting

Dr Adi Bongo, economist and faculty member, Lagos Business School, insists there is no cause for alarm following the inability of the Central Bank of Nigeria (CBN to hold the Monetary Policy Committee (MPC) meeting More...