CBN Fixes N362/$1 Rate For BDCs To Sell
Nairametrics| The Central Bank of Nigeria on Tuesday fixed an exchange rate of N362/$1 for Bureau De Change operators. (BDCs). Here are highlights The CBN will sell forex to BDC’s…
Timeline: Forex Decisions Taken By The CBN Since February 2017
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…
Alert: FCMB Reports a Whopping 201% Increase in Profit (2016 FY)
FCMB Groups today released audited results for the financial year ended 31 December 2016. Net interest income N’million FY 2016| N69,534 FY 2015| N63,937 %age change|9% Profit after tax N’million…
Understanding CBN’s Battle Against Speculators
Nairametrics| In the popular book 48 laws of Power, author Robbert Greene writes in the 15th law that you crush your enemy totally! It appears the CBN is heeding that…
The Nigerian Economy Today – 28/3/2017
Summary of the top business, economic and political news in Nigeria. NAIRAMETRICS BUSINESS & ECONOMY BDCs to boycott $25m CBN auction over pricing – Bureaux de Change (BDCs) operators said…
Crown Nature: Futile Textile
Nairametrics|Crown Nature Plc, an indigenous textile company has announced that its revenues increased by 60% between 2015 and 2016. The bottom-line, however, does not reflect this increase. Net profits deceased…
Alert: Glaxosmithkline Reports N2.4 billion Profit (2016 FY)
GSK today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N14,385 FY 2015| N15,392 %age change|-7% Profit after tax N’million FY 2016| N2,378…
New investors take over Keystone Bank
The new investors in Keystone Bank- the Sigma Golf-Riverbank consortium, has taken over the operations of the institution at the weekend. The move followed their unveiling by Asset Management Corporation…
External debt servicing gulps $1.62bn in five years
Amid attempts by the country to borrow more from external sources, Nigeria has in the past five years spent $1.62bn to service its external debts that include loans secured for…
NSE Gives Deadline to Quoted Firms on Annual Reports
Quoted companies that have not submitted their yearly reports and financial statements must do so to the Nigerian Stock Exchange (NSE) in the next five days to avoid poor corporate…