Category Archives: Business And Money

Naira Gradually Regaining Strength as Demand for Forex Decline…Here’s the Latest Exchange Rates

The spokesman of the Central Bank of Nigeria, CBN, Isaac Okorafor opened up on Wednesday how the Naira is gradually strengthening against other international currencies. CBN The continued decline in the volume of foreign exchange supplied to the retail market indicates that the naira is gradually strengthening against other international currencies, the Central Bank of Nigeria, CBN, said… Read More »

Check Out The Top 10 Richest Nigerians In 2017

Being referred to as ‘rich’ means having wealth or great possessions; abundantly supplied with resources, means, or funds. As a result of the present state of the Nigerian economy, ‘someone being rich‘ may seem far-fetched in Nigeria but that is not the case as revealed by Forbes. See the top 10 richest Nigerians according to Forbes 2017: 1 Aliko… Read More »

Finally, AMCON Sells Keystone Bank

AMCON has finally sold the cash-trapped Keystone Bank to a consortium after issues of financial distress and heavy debts.   The Asset Management Corporation of Nigeria (AMCON) on Monday announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank consortium) as the new investors that have acquired the entire issued and fully paid up ordinary… Read More »

CBN Moves to Check Forex Abuse in Banks

The apex bank of Nigeria will be monitoring the issuance of foreign exchange by the commercial banks to the general public to prevent incidents of abnormalities. The Central Bank of Nigeria (CBN) has deployed mystery shoppers to commercial banks to guard against foreign exchange abuse by the lenders, The Nation reports. The CBN, Fidelity Bank Plc Managing Director… Read More »

CBN Injects Another $100 Million Into Forex Market

The Central Bank of Nigeria, CBN, on Thursday intervened in the inter-bank foreign exchange market for the fifth time in three weeks by offering $100 million for wholesale requests. Out of the total offering, CBN spokesperson, Isaac Okorafor, said about $70 million was sold to meet requests for business/personal travel allowances, BTA/PTA. Since the commencement of the intervention… Read More »

Again Naira Falls, Sells At N465 Per Dollar

Again Naira falls, sells at N465 per dollar ON MARCH 3, 20179:26 PMIN NEWSCOMMENTS The Naira on Friday depreciated against the dollar at the parallel market after posting days of appreciation. The nation’s currency lost N7 to exchange at N465 to a dollar after closing at N458 on Thursday, while the Pound Sterling and the Euro traded at… Read More »

Step by step guide on how to get started on Five2btc

Summary Of The Steps Involved In Getting Started. 1. Open your Bitcoin wallet account with block chain here=> 2 Fund your Bitcoin wallet account here=> 3. Register your Five2BTC account here with this link as your sponsor=> 4. Make sure you copy the contact details of your sponsor and keep it safe somewhere once you complete your… Read More »

Nigeria Ranks 19th Among 30 Nations in Retail Investment

Nigeria’s retail sector has improved tremendously under President Muhammadu Buhari despite the economic recession.   Despite the economic recession, the Global Retail Development Index says Nigeria’s retail sector made a national sale of N38tn ($125bn) in 2016. The country also ranked 19th out of the 30 top developing countries for retail investment, based on all relevant macroeconomic and… Read More »