NCC opens link for stakeholders’ views on Internet Industry Code of Conduct
Ahead of growing use of internet and emerging rise in broadband penetration, the Nigerian Communications Commission (NCC) is set to develop what it described as Internet Industry Code of Conduct (IICC). While explaining that the establishment of internet industry code…
MPC meets today as experts expect lowering of lending rate, CBN thinks otherwise
The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) will today, Monday begin its second meeting on review of monetary policy activities in Abuja. The meeting is expected to end Tuesday with a communiqué which will roll out…
Teriba leaks secret of regular injection of forex to the market by CBN
Ageless Economist, writer and public finance analyst, Dr. Ayo Teriba has given insights to the growing availability of dollars at the Central Bank of Nigeria (CBN) which is encouraging it to continue release of the currency into the interbank market…
Buhari’s return deepens naira gains, trades at 455/dollar
Indication emerged Friday that the positive impacts of President Muhammadu Buhari’s return from London extended to the performance of naira same day as naira firmed at 455 to a dollar amid liquidity boost in the Bureau De Change and parallel…
Again and again, CBN injects additional $100m Tuesday, making $1.14bn in 2 weeks
Like the proverbial drops of water that makes the ocean, the Central Bank of Nigeria on Tuesday dropped another sum of $100m into the interbank foreign exchange market. Tuesday injection totals the amount so far pumped into the interbank Forex…
Again, saving the naira: Using that Soludo option
Since the introduction of free-flotation of Naira by the Central bank of Nigeria (CBN), the value of the currency in the face of global currencies had been on a steady but momentarily up and sustained fall. However, By Dan Agbese,…
Our market monitoring, intervention spurred naira gain, not Gbadamosi – CBN
The growing excitements being expressed by majority of financial pundits may have compelled the management of the Central Bank of Nigeria (CBN) said the recent appreciation of the Naira against other currencies was the result of its market monitoring and…
Released Manufacturing Purchasing Managers’ Index ebbs, stood at 44.6 in Feb.
Going by the latest Manufacturing Purchasing Managers’ Index (PMI) released by the Central Bank of Nigeria (CBN), 14 out of 16 sub-sectors reportedly declined in the month of February. The index ebbed to 44.6 index points in February 2017, a…
Eze seeks reduction of interest rate by CBN to firm naira more, grow manufacturing
Radical financial analyst, Mr. Emmanuel Eze, Thursday called on the Central Bank of Nigeria (CBN) to reduce the current interest rate to further strengthen the naira. Eze, Chief Executive Officer, Perfecter Investment Trust, Lagos told the News Agency of Nigeria…
Zenith Bank maintains lead in 2016, declares N129.65b profit, N1.77 dividend
Leading deposit money bank (DMB), Zenith Bank Plc., has declared a profit after tax of N129.65 billion and a final dividend of N1.77 per share for the year ended December 31, 2016. Details sited in the latest company’s audited report…
