Here Is A Recap On This Weeks Top Trending News

1.Russia Just Did Nigeria A Big Favour
Reports from the media confirm Russia has agreed to hold talks with Saudi Arabia and other OPEC countries over the decision to cut oil production. For months, countries like Nigeria have been mounting pressure on OPEC to cut production which they hope will boost oil prices.

Russia Just Did Nigeria A Big Favour

  1. No Devaluation But The CBN Explained Why It’s Focusing On These Three Things
    The Central Bank released its Monetary Policy Communique today revealing that it was going to stick with 11% for Monetary Policy Rates (rates at which it lends money to banks), Cash reserve requirement (CRR) at 20% (amount of deposits banks cannot lend out) and liquidity ratio of 30%.
    http://nairametrics.com/no-devaluation-but-the-cbn-explained-why-its-focusing-on-these-three-things/
  2. Implication Of Having A Mispriced Naira:
    I got a lot of stick from accountants from the last article I wrote so I start by tendering an apology I did not intend to belittle the noble profession. In addition, some feedback about too technical writing so I’ll try to keep this piece simple.
    http://nairametrics.com/implication-of-having-a-mispriced-naira/

  3. This Blistering Bloomberg Article Wants Nigeria’s Economy To Collapse
    International Financial media and data company, Bloomberg ripped into Nigeria’s CBN Governor after the Monetary Policy Committee failed to devalue the naira. Bloomberg was seemingly disgusted with the decision and made to secret of this immediately publishing an article titled “Nigeria Flirts With Economic Disaster as Naira Controls Stay”.

http://nairametrics.com/this-blistering-bloomberg-article-wants-nigerias-economy-to-collapse-to-teach-emefiele-a-lesson/#more-77125

  1. Why This Stock Market Crash Is Different From 2009
    In 2012 the Nigerian stock exchange put up a bold statement challenging itself that the market capitalization of the exchange will hit $1 trillion by 2016. When this statement was made, Nigerian stocks were experiencing a revival that will eventually grow the market cap of the exchange to about N14.2 trillion on the 4th of July 2014, its highest till date.
    http://nairametrics.com/why-this-stock-market-crash-is-different-from-2009/

  2. [LATEST DATA] Top 10 Items Nigeria Exports and Imports
    The National Bureau of Statistics released its latest foreign trade statistics which we reported here. The report contains some interesting data on import and exports in and out of Nigeria. In case you are wondering what makes up Nigeria’s export or import here is the top 15 items on both sides.
    http://nairametrics.com/latest-data-top-10-items-nigeria-exports-and-imports/

  3. [N50 Stamp Duty] CBN Relaxes Stance, SEE People Who Are Now Exempted
    Following the introduction of the N50 stamp duty, the Central Bank of Nigeria (CBN), has made further clarifications on the N50 stamp duty policy on bank customers for money received into their accounts via electronic transfer, cash and cheques.
    http://nairametrics.com/n50-stamp-duty-cbn-relaxes-stance-see-people-who-are-now-exempted/

  4. Opinion: Buhari Should Fund Budget Deficit With Pension Funds
    My good friend Gbubemi Atiomo is usually very pensive. Not used to chicanery and hardly impressed. I have known him for a while and respect his approach especially his love for FAPE. FAPE for the uninitiated is a mixed grill made up of yogurt and assorted fruits. For Gbubemi it is a brew for weight loss for me, it is a brew to save money for its ingredients drive away hunger for most of the day.
    http://nairametrics.com/opinion-buhari-should-fund-budget-deficit-with-pension-funds/

  5. [ROUT]: These 5 Stocks Have Performed The Worst This January
    It’s just January 26th and some stocks have lost more than they did in 2015 and double what the index as a whole has lost. Nairametrics takes a look at the list of the worst stocks this year so far and why they are doing so badly.
    http://nairametrics.com/rout-these-5-stocks-have-performed-the-worst-this-january/

  6. Flip-Flopping CBN Re-Introduces C.O.T Charges
    The Central Bank of Nigeria (CBN) has reintroduced C.O.T charges for commercial banks just weeks after implementing the no C.O.T charge rule in 2016. The Bank in a circular titled “Introduction of Negotiable Current Account Maintenance Fee” .
    http://nairametrics.com/flip-flopping-cbn-re-introduces-c-o-t-charges/

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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