Emefiele: CBN has no multiple exchange rates

THOSE accusing the Central Bank of Nigeria (CBN) of operating multiple foreign exchange (forex) rates are wrong, CBN Governor Godwin...

CBN ‘blows hot’ on policy riggers, plans ‘jungle’ approach

by Rate Captain

May 27, 2019

Economists back unconventional policies for peculiar challenges Conventional monetary policy dictates that tariff hike be used to ward off dumping...

Stock investors gain N885bn, analysts expect selling pressure

by Rate Captain

May 27, 2019

Investors in the nation’s stock market gained N885bn last week as the market capitalisation of equities rose to N13.601tn. The...

Reps direct Total to refund $592m to Fed Govt

by Rate Captain

May 24, 2019

The House of Representatives yesterday directed Total Exploration and Production Nigeria (TEPNG) to refund $592million to the Federal Government. This...

Nigeria loses $1b to corrupt MSMEs development programmes

by Rate Captain

May 24, 2019

Latest report by the Sustainable Entrepreneurship and Economic Development Initiative (SEEDi), has revealed that Nigeria has lost over $1 billion...

How U.S.-China trade war benefits Nigeria, by ABCON

by Rate Captain

May 24, 2019

The rising trade tension between the United States and China, is benefitting Nigeria, as it is currently boosting the price...

MTN close to paying off 330 bln naira fine in Nigeria -NCC

by Rate Captain

May 22, 2019

African telecommunications giant MTN has paid 275 billion naira ($898.99 million) toward a 330 billion naira fine imposed on it...

FG to stop ownership of gas cylinders by consumers

by Rate Captain

May 22, 2019

The Federal Government is coming up with a policy that will remove the ownership of Liquefied Petroleum Gas (cooking gas)...

After Huawei, U.S. could blacklist Chinese surveillance tech firm: media

by Rate Captain

May 22, 2019

The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade...