CBN
NAIRA TENDS TO COMEBACK: N700 PER $1, EXPERTS PREDICTS.
The research firm pointed to unusually low volatility in the stock market, with the S&P 500’s current realized volatility gauge measuring at 0.8% over the last 100 days. That puts the benchmark index “solidly in bull market territory,” as the bull/bear market line has held around 1.1% since April, according to DataTrek cofounder Nicholas Colas. …
CHARGE EMEFIELE WITHIN ONE WEEK OR RELEASE HIM – COURT ORDERS DSS
A Federal Capital Territory High Court has ordered the Department of State Services (DSS) to charge the suspended Central Bank Of Nigeria Governor, Godwin Emefiele to court within one week or release him. Hamza Muazu, presiding judge, said the former CBN governor should be released on bail if he is not taken to a competent …
WHY NAIRA DEVALUATION IS GOOD FOR NIGERIA – RENO OMOKRI
By Deborah Osagiede Popular public figure, Reno Omokri took to his social media platform to educate Nigerians on how naira devaluation is good for the country. In his post, he stated that “Devaluation reduces imports and drives exports. It will reduce our sovereign debt and also make citizens look inward and ignite their creativity. Instead …
NAIRA TO TRADE FREELY AGAINST DOLLAR
The Central Bank of Nigeria(CBN) has reportedly grant banks freedom to trade forex at market-determined rate. In line with the President Bola Tinubu’s promise to unify the multiple exchange rate in the market, the Central Bank of Nigeria (CBN) has granted commercial banks and dealers in the forex market freedom to sell forex at a …
WE DID NOT DEVALUE THE NAIRA – CBN
The central bank of Nigeria has addressed Nigerians to disregard any information concerning the devaluation of Naira that was earlier reported. CBN posted on their Twitter page few hours after it was reported that the Naira was devalued by the Central Bank of Nigeria to N640 for a dollar, from N461.6 sold at the Importers …
CBN GOVERNOR GODWIN EMEFIELE TENURE SETS TO END
CBN Governor Godwin Emefiele Will Clear Up His Desk And Prepare To Hand Over To The Next CBN Governor by tomorrow morning. The CBN Governor’s tenure tenure expires today June 1st 2023. Although Announcement And Appointment Of A New CBN Governor By President Tinubu Would Happen Only After Emefiele Gives A Detailed Report On The …
Nigeria’s manufacturing sector growth in the last three years.
By Deborah Osagiede Nigeria’s manufacturing sector growing?? Well Nigeria’s manufacturing sector growth has slowed down to the lowest in the last three years on the account of a cash shortage that crippled the economy during the period. According to the new Gross Domestic Product (GDP) report by the National Bureau of Statistics (NBS), the sector …
Naira devaluation continues, exchange rate now N440 per dollar
Last week the naira rate had moved from four hundred and eight naira per dollar to four hundred and twenty naira per dollar, following the Central Bank of Nigeria’s announcement to resume forex sales to the BDCs.
FG Delegation In UK Over $9.6bn P&ID Case
Gbeleyi Abayomi In a bid avert the $9.6bn fine, a Federal Government delegation led by the Attorney-General of the Federation Abubakar Malami, and the Governor of the Central Bank of Nigeria Godwin Emefiele, is currently in the United Kingdom to meet with some international media over the $9.6 billion case involving the Process and Industrial …
Inflation rate drops, as prices of foodstuff comes down
Gbeleyi Abayomi According to The Consumer Price Index (CPI) which measures inflation, inflation in the country dropped to 11.08 per cent (year-on-year) in July compared to 11.22 per cent in June, according to the National Bureau of Statistics (NBS). In one of the used in measuring the index, The prices of food items witnessed a …
