Investors in equities lose N2.3trn to bonds, others
The rise in the issuance of bonds and other debts instruments by governments and corporate organisations has taken a heavy toll on the fortunes of the equities sector. Market investors…
MAN, CBN Clash Over N380bn Forex
Naira against dollar Members of the Organised Private Sector (OPS), including Manufacturers’ Association of Nigeria (MAN), have disagreed with the Central Bank of Nigeria (CBN) that they received $2.83 forex.…
First Cargo of Fertilizer Arrives from Morocco – NNPC
The first consignment of fertilizer from Moroccon has arrived Nigeria, even as more cargoes that will fit the various blending plants are on the way, the Group Managing Director of…
Naira Now N380 Dollar, Pound N450 in Black-Market
Naira against dollar Naira Now 380 Dollar, Pound N450 in BlackMarketThe values of foreign currencies have continued to diminish against the Naira as the Nigerian currency was traded at N380…
BDC’s State Their Concern For Stronger Naira
Nairametrics| Apart from currency speculators and other ‘currency criminals’, the recent strengthening of the Naira has been good news to Nigerians, as the forex scarcity that saw parallel market rates…
Threat Of A Niger Delta Protest Has Repercussions
Nairametrics| Former militant leaders in the Niger Delta oil region have, yesterday, threatened to stage protests over the delayed payments of their stipends (N65,000 per month) as allowed for by…
Prodded by China Cash, CCECC Takes Over Rail Construction In Nigeria
Nairametrics| Chinese state-owned firm China Civil Engineering Construction Corp (CCECC) was recently awarded a three-year management contract worth $1.79 billion for work on the second phase of Abuja Mass Transit…
CBN Admits Banks Need Help
I do not like to sound alarmist but some Nigerian banks are particularly not in a state of good health. A recent report by Fitch on the state of the…
What Next After Exchange Rate Drops Below N400 For First Time Since August 2016?
Nairametrics| The exchange rate between the naira and the dollar on the parallel market has dropped below N400 for the first time since August 23rd 2016. This is according to…
Alert: MRS Oil Reports N1.5 billion Profit (2016 FY)
MRS Oil Nigeria today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N109,635 FY 2015| N87,099 %age change|26% Profit after tax N’million FY…