The reality is that I have no doubt in my mind that I do understand where those things are coming from. The…
Category:
Finance
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5 billionaires living below their means Given the choice, Warren Buffett would opt for a good burger and fries accompanied by a…
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Eleven of the 24 banks in country are carrying the burden of N 421.7 billion as margin lending which includes loans to…
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FinanceNews
The Global Financial Meltdown: Impact on Nigeria’s Capital Market and Foreign Reserves
By Mobolaji E. Aluko, PhD Burtonsville, MD, 20866, USA Introduction ‚Äì The US and Global Financial Situation On Tuesday, October 9, 2007,…
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By Omoh Gabriel with Agency report Nigeria foreign reserves and other financial assets denominated in dollar are declining in value by the…
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By Omoh Gabriel The naira has been projected to further depreciate in the coming years and may exchange for N202.7 to a…
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FinanceNews
Capital flight takes toll on the naira as $13.894bn flow out in 8 weeks, – naira exchange 145 to $ in open market
By Omoh Gabriel, Business Editor The Nigeria economy is facing financial haemorrhage as Nigerians, corporate bodies are moving funds massively out of…
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By Omoh Gabriel Nigerian banks are fanning out their operations by establishing new branches abroad for increased profitability. Precisely, New York and…
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By Omoh Gabriel Nigeria earned a total of N1.784 trillion from the export of 230.8 million barrel of crude in the first…
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By Luka Binniyat ABUJA ‚Äì Publish What You Pay Nigeria (PWYPN) campaign has condemned the $3 billion loan facility signed by the…
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—- a peep shows that four of the five banks accounts for N 1.3175 trn loans — N115.3 bn -non performing loans…
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Despite the out cry and condemnation that has greeted the continuous retention of multiply checkpoints along the Mile2 – Seme expressway, the…
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FinanceNews
CENTRAL BANK OF NIGERIA PRESS STATEMENT ON THE DECISION OF THE FEDERAL HIGH COURT IN THE CASE OF STOCKLAND NIGERIA LIMITED AND 2 OTHERS VS CENTRAL BANK OF NIGERIA & 5 OTHERS
It would be recalled that the Federal High Court on 2nd April 2008 delivered judgment in the above case which was instituted…
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Royal Dutch Shell has some $40 billion worth of potential investment in deepwater oil projects in Nigeria on hold amid uncertainty over…
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By Omoh Gabriel just back from Washington Introduction At this year‚Äôs annual meetings of the IMF/World Bank Professor Chukwuma Soludo, CBN Governor…