1.These Are The Nigerians Benefiting From The Fall Of The Naira:
The Naira has plunged more than 70% in the black market when compared to the parallel market since the Central Bank adopted its “managed float” exchange rate system that saw it introduce quasi capital controls as well as restricting the purchase and sale of forex at its official window.
2.To Devalue Or Not? Emefiele Should Emulate This Country:
Nigeria’s Central Bank Governor Godwin Emefiele has a credibility problem.
3.OPED: For Once, I Support Buhari On Banning Forex For School Fees:
I was just going through the returns as rendered by Zenith Bank on how it utilized the forex allocated to it by the CBN and what has struck me is the fact that over 90% of the funds were utilized for the payment of School fees by Nigerians on behalf of their wards and children in schools offshore.
4.This Is How Bank Employees Are Making Millions From Dollar Roundtriping:
If the investigation carried out by The Punch is anything to go by, then it appears several employees of commercial banks are exploiting the current acute shortage of foreign currency in the country to make money.
5.Flashback: What Emefiele Said When He Devalued The Naira Under GEJ:
The Governor of the Central Bank has vehemently refused to devalue the naira claiming that the black market rates represents a tiny fraction of the market and should not be relied upon as a benchmark for the real value of the Naira.
6.Op-Ed: The Anti-Devaluation Followers Are Digging A Big Hole For All Of Us:
The way Buhari is going it’s like all of us will die so that naira will live – M
The rapid deterioration in the naira at the parallel market is popping up on screens and discussion boards everywhere.
7.Will First Bank Shares Drop Below N3 In March?:
FBNH the holding company of First Bank and other non banking financial institutions is expected to release its 2015 full year results around the middle of March 2015.
8.Here Is What Egypt Is Doing To Help Dollar Scarcity For Its Importers:
Egypt is going through a currency crisis that is negatively affecting its economy.
9.BUA Group and This Chinese Company Will Build A $1.9b Steel Plant In Nigeria:
Chairman of BUA Group, Abdulsamad Rabiu, has revealed to Reuters that the company is in talks with SINOMA, a Chinese company to build a cement plant in Nigeria and two others in East Africa for $1.9 billion.
10.Real Reasons Why Buhari Cleared Out Heads of Federal Agencies:
Economic, rather than political reasons are to be blamed for the hurricane that befell the 26 Directors-General and Heads of parastatals yesterday.
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.