CBN Crashes Forex Rate for Invisible to N360/$1
…pumps $185m into FOREX market The Central Bank of Nigeria (CBN) has released the sum of $85 million for sale to Deposit Money Banks (DMBs) at the rate of N…
Timeline Of Events That Helped Move The Exchange Rate Moved From N520 To N390 In One Month
Nairametrics| The reign of Godwin Emefiele as CBN Governor will perhaps go down in history as one of the most tumultuous and controversial ever. He has presided over a period…
Company News Roundup – Week Ended March 25, 2017
Our Founder, Ugo Obi-Chukwu sent out his weekly Company News Roundup on twitter late Sunday evening. You can follow his twitter feed below to view his news and reviews. Also…
Curtailing CBN Powers: Reps Message To Adeosun Is As Stern As You’d Expect
Nairametrics| Some members of the House of Representatives have come out publicly to frustrate any hopes that the Minister of Finance, Kemi Adeosun, might have of curtailing the CBN’s powers,…
CBN Revalues Dollar Rate for Invisibles to N357, Orders Banks to Retail At N360
Nairametrics| According to a tweet from the CBN, and a statement from its spokesperson Isaac Okorafor, the CBN will sell forex to banks at N357/$1, while banks will sell to…
Alert: Champion Breweries Reports N530 Million Profit (2016 FY)
Champion Breweries today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N3,865 FY 2015| N3,502 %age change|10% Profit after tax N’million FY 2016|…
The Nigerian Stock Exchange Needs To Stop This “Ritual”
Nairametrics| Every year, the Nigerian Stock Exchange (NSE) announces that it would fine companies who delay in submitting their results without any cogent reason. Companies are expected to submit their…
Why The Odds Are Against The New Owners Of Keystone Bank
Nairametrics| Keystone Bank’s new owners Sigma Gulf-Riverbank consortium at the weekend took over the bank from the Asset Management Company of Nigeria (AMCON). They promised to turn around the bank…
Alert: Cement Company of Northern Nigeria Reports N1.3 billion Profit (2016 FY)
Cement Company Of Northern Nigeria today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N14,088 FY 2015| N13,038 %age change|8% Profit after tax…
Demand for Dollar Drops as CBN records $19m surplus
Naira against dollar For the first time since the dollar scarcity started, the Central Bank of Nigeria (CBN) has recorded $19 million surplus after it intervened in the interbank market.…