Nigeria’s foreign reserves declined by $2.2 billion in October 2018 alone — the largest monthly drop since 2015. Data from the Central Bank of Nigeria...
The fear of China taking over national assets has now pervaded the entire African continent, as several African nations stand the risk of losing their...
By Odunewu Segun A report has warned of an impending crisis in the banking sector unless the sector adopt time tested values to mitigate risks in...
By Odunewu Segun In furtherance of its powers under the CBN Act (as amended) and the Banks and Other Financial Institutions Act (as amended) (“BOFIA”), on...
By Odunewu Segun After months of sticking to its gun of not reducing interest rate to avoid worsening inflationary pressure on the economy, the Central Bank...
External reserves decline by $68m in a week By Odunewu Segun The Naira on Wednesday remained unstable at the parallel market, drifting between N364 and N365...
By Odunewu Segun Nigeria’s local currency on Thursday appreciated against the US dollar at the parallel market, exchanging for N389 to a dollar as against the...
Experts say, interest rate cannot decline on high inflation rate By Chioma Obinagwam The recent decision by the Monetary Policy Committee (MPC), the highest policy making...
