The Central Bank of Nigeria (CBN) has released the much-awaited guidelines for the operations of a Flexible Exchange Rate system in Nigeria. The CBN Governor, Mr. Godwin Emefiele, made the announcement on 15 June 2016 […]
LAGOS — As banks begin to settle into the dynamics of the flexible foreign exchange regime, which will take effect from Monday, the Central Bank of Nigeria, CBN, is set to name the lead players […]
The Central Bank of Nigeria (CBN) is “reasonably optimistic” the naira will settle at around 250 to the US dollar, Reuters reports. However, the bank projects that there will be an initial period of weakness […]
The Central Bank of Nigeria said it is targeting a total of one million jobs through its Youth Entrepreneurship Development Programme. The Director, Development Finance Department, CBN, Mr Mudashiru Olaitan, said this on Thursday while […]
The Central Bank of Nigeria (CBN) has finally released the guidelines of the new foreign exchange policy earlier announced on Wednesday. Godwin Emefiele, the CBN governor, announced the new policy on Wednesday, releasing the naira […]
The Bunyadi restaurant, London’s first and only naked restaurant, on Saturday opened its doors to its first customers. Prior to the opening, the restaurant boasted of a waiting list of 46,000 customers.
The Central Bank of Nigeria (CBN) is suggesting that the new band for the naira, pending the direction of market forces, will be between 260 and 270 to the dollar. Godwin Emefiele, the CBN governor, […]
The Central Bank of Nigeria (CBN) Wednesday announced what it termed the “automatic adjustment mechanism of the exchange rate” in a flexible foreign exchange regime aimed at reducing the pressure on the Naira. CBN has […]
Queen Elizabeth II is celebrating her 90th birthday. CNNMoney’s Nina dos Santos looks into how much wealth she has amassed.
A surprising force has helped lift oil prices back to the $50 threshold: militants blowing up oil facilities in Nigeria. The recent wave of sabotage on Nigeria’s oil infrastructure has knocked nearly 1 million barrels […]
Ralph Lauren Corp (RL.N) is cutting about 1,000 jobs and closing 50 stores as part of a sweeping plan to lower costs and revive sales growth at the luxury fashion brand. Shares of Ralph Lauren, […]
Last year, I watched the movie, “Fifty”, at the cinemas. In one of the scenes, a woman accused her husband of being financially irresponsible. She complained that he was unemployed and that he needed to […]
The Federal government asked telecommunication service provider, MTN Nigeria to pay N50b for its violation of Subscriber Identification Module (SIM) card registration laws, the Minister of Communications said on Wednesday. MTN was fined N1.04 trillion […]
The Central Bank of Nigeria (CBN) last week sold a total of $130,755,294.59 to 14 commercial banks, four merchant banks and the Bank of Industry (BoI). The amount was however lower by $5,283,163.58, compared with […]
Telecommunication giant MTN Nigeria has introduced a special tariff plan for new subscribers which it calls MTN StartPack. The MTN StartPack is designed to welcome new customers with great and exciting voice and data offers. […]
Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc’s Internet assets. The Berkshire […]
More than one million people have decided they will no longer buy their Nutter Butters or Wet Wipes at Target. The American Family Association launched a boycott of the nation’s second largest retailer a week […]
Japanese officials have raided an office of Mitsubishi Motors following the revelation that the carmaker had falsified its fuel economy data. The officials searched its plant in the central Japanese city of Okazaki. Mitsubishi has […]
Over the next few weeks, I will be sharing my thoughts on how to win in today’s very challenging and dynamic business world. If you were to ask an Economics or Business student to describe […]
The Saudi Arabian government has threatened to sell of hundreds of billions of dollars’ worth of American assets should the U.S. Congress pass a bill that could hold the kingdom responsible for any role in […]
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