Guess what is happening today? It’s a day for women! Also known as the International Working Women’s Day, March 8 is a special day set aside for the call for the equality and freedom for the women, as well as…
US Economy gains 227,000 Jobs in January under President Trump
The U.S. economy gained 227,000 jobs in January according to statistics released by the Labor Department on Friday, while unemployment ticked up slightly to 4.8 percent. Wages also increased 2.5 percent compared to January 2016, rising six cents in December.…
Investors in equities market lost N283bn in January
Following the persisted macro economy challenges, investors in the equities market of The Nigerian Stock Exchange (NSE) lost N283 billion to underlined serious profit-taking in January. According to records from NSE, market capitalization of all listed equities on the bourse…
Power supply improves slightly, as generation hits 3,528 megawatts – TCN
THE Transmission Company of Nigeria (TCN) says that the nation’s power generation improved slightly to 3,528.90 megawatts on Feb. 1 from 2,662 megawatts on Jan. 22, 2017. This figure was disclosed on the website of the Nigerian Electricity System Operator…
Nigeria sells 400 billion naira bills to mop up money market liquidity
Nigeria’s central bank sold about 400 billion naira ($1.27 billion) of Treasury bills on Friday, lifting the interbank lending rate up to 12 percent, traders said. The bank sold 82 billion naira in 181-day Treasury bills at 18 percent and…
Banks scramble for fresh capital as naira weakens further
Rising non-performing loans and imminent fall in naira value have put banks in a precarious position and needing to raise fresh capital in a distressed economy. Palpable fear has gripped the chief executives of many large-tier and mid-tier Deposit Money…
Naira hits 500/dollar, faces further decline
The naira has depreciated further against the United States dollar at the parallel market to 500, from 498. The development came barely one week after the naira touched 500/dollar briefly and returned to 498/dollar. The local currency had been stable…
Five Tips for Taking a Personal Loan
The word “Loan” has always been considered a scary term for many but with the revolving advantages it has in the 21st Century it has become a welcomed one. Taking a loan should not turn out to be a bad…
Nigeria lost $30bn to oil export drop in 1 year – NEPC
The Executive Director of Nigerian Export Promotion council (NEPC), Segun Awolowo, has revealed that the country lost over $30 billion due to fall in crude export in 2015. Awolowo disclosed this in Abuja last Thursday when he hosted a delegation…
China Exim bank approves N408bn for Lagos-Ibadan rail project
About a week after the Federal Government announced the release of N72bn as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the project…
