Naira now goes for 208 (215) to a dollar

The naira, on Friday, depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, January 19. (it's about N215 as of today)

Bears Takes Over Nigerian Stock Exchange

The Nigerian All Share Index followed with yesterday bearish run as the index posted a 4.19% loss. The Index opened flat before the sell-offs that started yesterday took off.

CBN Blows $33billion Defending The Naira in 2014

Just how much has the CBN spent in 2014 in trying to ensure importers meet up with their insatiable need for the dollar?

Nigerian All Share Index Shed 2%

The Nigerian Stock Exchange closed its first day of trading 2014 on a negative note with the All Share Index losing 2.08% to close lower at 33,943. 

Federal Government to spend N9.626 trillion in 2015 as against N12.188 trillion spent in 2014

WORRIED by the dwindling economic fortunes of the country, the Federal and 31 state governments of the country have proposed what has been termed as ‘austere’ budgets

Nigeria’s Economy: Gloomy And Dangerous

A friend of mine once said, “Nigeria is so rich that nothing will ever create an economic down-turn.”

DON’T MISS These Reports If You Invest In Shares or Plan To Someday

Emma is an avid football fan and a supporter of Arsenal football club. Every morning, afternoon and night he gets alerts via a number of sports news outlets informing him of activities about his club and sports in general.

Here Is How Much Nigerian All Share Index Returned In 2014

Phew 2014 is finally over for Nigerian stocks!!! What a year it has been for the Nigerian All Share Index. The year opened with very high expectations following a resounding 47% posted in 2013.

Russia Is Now Considering Sharia Financing

It appears Russian Banks are considering a ‘drastic’ new way of raising finance after the Central Bank raised interest rates to 17% earlier in the month.Bloomberg reports they are now considering Islamic Finance  aka Sharia Finance as an option to raise money.

This Is The Full 2015 Nigerian Budget Speech

HIGHLIGHTS OF PROPOSED 2015 BUDGET: LUXURY TAX DETAILS UNVEILED; FOOD PRICES AND INFLATION DOWN DESPITE OIL PRICE DROP; SPECIFIC MEASURES TO REDUCE EXPENDITURE

DIVERSIFICATION IS WORKING; FOOD PRICES ARE STABLE
AND INFLATION IS LOW

ALERT !!! Nigerian All Share Index Just Fell To It’s Lowest In 23 Months

• The Nigerian All Share Index fell today by a whopping 2.3% to close at 29,789.59. It closed at 30,492.3 yesterday.
• Market capitalization also lost N231billion to close at N9,834,953,619,664.58
• This will be the first time since January 15, 2013 the All Share Index will be closing below 30,000 points.

Economy diversification is the major focus of the 2015 budget – Okonjo-Iweala

The Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, on Wednesday said the 2015 budget is structured primarily for the diversification of the economy.

Nigerian Stock Exchange moves 481.85m shares worth N6.21bn

Investors on the Nigerian Stock Exchange (NSE) on Wednesday staked N6.21 billion on 481.850 million shares in 3,822 deals.

Nigerian Banks Barred From Holding Funds In Dollars

The Central Bank of Nigeria today barred banks from holding their own funds in dollars in a bid to to end the speculative pressure on the naira that has seen it fall over 12 percent against the dollar this year. .

Naira, Oil, Stocks, All Crashing? Here Is What You Should Be Doing With Your Money

The news everyday these days is full of headlines such as “Oil slump”, “stock market crash”, ‘Naira devaluation”, “election troubles” and more recently “austerity”. It has gotten a lot of people worried, particularly my readers, some of whom have asked what is it they can do with their money. I have given it a long thought and since I am also one of you, I am going to share with you some of the options that I have.

Fixed Deposits or Treasury Bills, Which Is Better?

I have received several emails and calls from my readers asking whether to buy treasury bills or fixed deposits. Whilst, both are very good ways to invest your money there both have similarities and differences, which could work to your advantage depending on your investment preference. Let’s explore some.

How The Devaluation Of The Naira Affects Your Money

In a much anticipated press briefing the Central Bank Governor, Godwin Emefiele yesterday announced that the Monetary Policy Committee had taken a decision to effectively devalue the Naira. This obviously is in response to the dip in oil prices and the run on our forex reserves which has seen the naira crash to as low as N180 this week.

This Man Has Just Been Appointed To Head Africa’s”Biggest & Most Powerful” Fund

Financial Times reports South Africa’s Public Investment Corporation (PIC), the continent’s biggest and most powerful fund manager with about $140bn under management, has promoted Daniel Matjila to chief executive officer.

Mobile Money Transactions Hit N430bn In Two Years – CBN

The Central Bank of Nigeria (CBN) said on Tuesday in Katsina that mobile money operating companies recorded transactions worth over N430billion between 2012 and date.