There is the Naira’s new strength coming from? The Central Bank of Nigeria (CBN) said yesterday that the currency’s appreciation against others was the result of its market monitoring and intervention. Its spokesman Isaac Okorafor […]
…the question is: how can we apply the fundamentals of business strategy, and the underlying demands of creating a national competitive advantage to regenerating our country? Then there is the long-term advantage – and this […]
I got an interesting call from my account officer in one of the so-called new generation banks Friday last week. It was a follow up to an earlier discussion on the newly introduced forex policy […]
Business gives you the independence to walk away; the independence of thought, and the independence of position to say ‘no’, or to say ‘yes’ to what truly matters. It gives you the freedom to take […]
The strength of a nation’s currency is an expression of the vibrancy, and robustness of that country’s economy. Conversely, a very weak currency therefore is a mark of a country with a perverse economic mix. […]
Way ahead of questions around the sustainability of current supply levels to the market. The more important question should be: “In the light of our experience with the foreign exchange market over the last two […]
Still on the subject of “what the boss values” in deciding to support the career growth of his employees, I will be discussing the above topic today. Before I dive into that, I must mention […]
About 24 hours after The Central Bank of Nigeria (CBN) announced fresh policy actions in the foreign exchange market, the bank has pumped $370.9 million into the forex market. On Tuesday, the apex bank carried […]
The Central Bank of Nigeria (CBN) says every Nigerian, 18 years or older, is entitled to $4,000 per quarter of $16,000 per year for personal travel allowance (PTA) under the guidelines for the adjusted foreign […]
The Central Bank of Nigeria on Monday modified its foreign exchange policy with the reduction of the tenor of its forward sales from the current maximum cycle of 180 days to 60 days from the […]
THE Finance Minister, Olusegun Aganga and his entourage have planned roadshows traversing markets in Europe and the United States to promote Nigeria’s credit worthiness and facilitate popular subscription of a proposed $500m/Euro loan. It would […]
(This is the second and final part of the investigation. Read the first part here). Temitope Oluwatobi displays her goods on the Yaba railway line everyday with her heart literally in her mouth. Sometimes, she […]
Accordingly, she factors in a 23 percent movement (down) on the naira’s current exchange rate, which should see the currency close the year at about US$1:N650. Add other risk premiums, including a large one for […]
Port Harcourt, Feb. 18, 2017 (NAN) The Nigerian Community in South Africa have confirmed attacks and looting of Nigerian-owned businesses in Pretoria West on Saturday. Mr Ikechukwu Anyene, President, Nigeria Union, told the News Agency […]
The naira hit a fresh low on the black market on Friday, quoted at 506 per dollar, as traders tested new levels to try to tempt dollar holders to sell. The currency has hovered near […]
Lagos State Governor, Mr Akinwunmi Ambode yesterday said the state is willing, able and ready to partner with investors within and outside Africa, just as he said that adequate measures have been put in place […]
Deposit Money banks have agreed to contribe five per cent of their Profit After Tax (PAT) to a pool of funds to fund eligible bankable projects meant for exports and to drive the economy. Based […]
Airlines are complaining that dollar scarcity has made it difficult for them to repatriate ticketing cash from Nigeria, Egypt, among other countries. Ethiopian Airlines yesterday said it could not get cash out from some African […]
The Central Bank of Nigeria said on Tuesday that the monthly supply of dollars at its disposal had dropped to between $600m and $700m. While the bank had a stock of up to $3bn monthly […]
The management of Skye Bank Plc has announced the promotion of over 300 of its employees under the 2016 annual staff performance review exercise. The promotion, which cuts across several cadres up to the managerial […]
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