Central Bank of Nigeria
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. …
Banks reach agreement to halt staff sack
Gbeleyi Abayomi Following the protest by well meaning Nigerians, The bankers committee of the Central Bank of Nigeria has agreed that plans to lay off staff would be suspended. This was announced in a statement signed by Isaac Okorafor, CBN Director of corporate communications, on Sunday
THE CASE AGAINST HIGH INTEREST RATES IN TIME OF CONTAGION
THE TIME IS NOW – CORRECT THE INTEREST RATE The economic fallout from the coronavirus may present the best, most pressing case for revising the CBN’s high interest rate policy. The undue rates penalise domestic investment and consumer borrowing. This reduces both aggregate domestic supply and, to a lesser degree, aggregate domestic demand. The chronic …
Breaking: UK court grants nigerian govt orders stay of execution of $9.6billion award to P&ID
Gbeleyi Abayomi There seems to be temporary respite for nigeria over the $9.6bn judgement as The United Kingdom Commercial and Arbitration Court on Thursday ordered a stay of execution of the $9.6 billion damages awarded against the country by Process and Industrial Developments (P&ID) pending the determination of an appeal by the Federal Government. However, …
Rice farmers hopeful of bumper harvests in Katsina
The chairman of rice farmers in kastina State, Alhaji Shuaibu Kafur, Katsina State Association (RIFAN), said on Thursday that rice farmers in the state were optimistic of recording bumper harvests this year. Kafur said in an interview with the News Agency of Nigeria (NAN) in Katsina, that farmers would reap abundant yields at the end …
Remilekun Chinenye Lawal thriving in business without a shop
Can I meet you? My name is Remilekun Chinenye lawal, I was born on November 11, 1989. I am a Graduate of Public Relations and advertising from Lagos state university, Year 2011. I served in Ibadan. I noticed you have an Igbo name apart from 3 other Yoruba names, Can you explain that? …
Disagreement over ‘dirty Naira Note’ turns bloody in Lagos
A disagreement between a commercial motorcyclist and his passenger over a dirty Naira Note on Saturday in Lagos, turned bloody as irate youth beat the cyclist to a state of comma. A Correspondent of the News Agency of Nigeria (NAN) who witnessed the incident reports that the cyclist, identified as Okon Akpan, had conveyed his …
Fire at CBN headquarters
There was confusion at the headquarters of the Central Bank of Nigeria (CBN), Abuja yesterday following a fire outbreak at the premises of the apex bank. The fire was said to have started about a few minutes past 6:00p.m. and lasted for about 30 minutes before it was put out. It was gathered that men …
Guardian Newspapers to host cyber security conference in Lagos
The Guardian Newspaper limited is organizing a one-day cyber security conference in Lagos, the nation’s economic capital. The theme is “Monitoring, Detection and Prevention: Keys to Organisational Growth”. The conference holds February 23, 2017, at the Federal Palace Hotel, Victoria Island, Lagos by 9:00 a.m. The chief host for the event is Governor Akinwunmi Ambode. Speakers include …
Bola Armed Tinubu exposes those behind Dwindling fuel scarcity
PDP behind fuel scarcity – Tinubu – Asiwaju Bola Tinubu says Nigerians should hold the PDP responsible for destroying the country during its 16-year rule – Dismisses speculation that Nigerians are dissatisfied with the President Muhammadu Buhari-led administration – Says the country needs surgical operation in the hands of a very honest Nigeria The national …
