Results For: forex

How bad is our attitude toward healthcare financing? ThisDay Report

A 2016 research done by Obumneke Obieche and Valentine Odili in the University of Benin Teaching Hospital (UBTH) has shown that on the average, Nigerians spend a minimum of N4,870. 00 in the treatment of malaria per episode. That is about $13.5. Ironically, less than half of that amount, N1891.00 ($5.2) is what the Nigerian […]

Health Care & Medical

F. Exchange forecast in pairs Feb 11, 2018

The difference between success and failure in Foreign exchange trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order […]

Business Products & Services

African markets factors Jan. 17, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS Asian stocks stepped back from a record high on Wednesday as the region’s resource shares were hit by falling oil and commodity prices while digital currencies tumbled […]

Business & Economy

Nigeria’s external reserves hit new high Jan. 2018

Figures obtained from the CBN on Monday, January 8, 2018 indicate that the External Reserves reached the $40.4 Billion mark on Friday, January 5, 2018, indicating an increase of about one billion United States dollars between December 2017 and January 2018. Confirming the figure, the Acting Director in charge of Corporate Communications at the CBN, […]

Business & Economy

Nigeria: Foreign Exchange up 10 percent

Nigeria’s foreign exchange reserves stood at $37.92 billion as of Dec. 22, up 10.1 percent from a month earlier, central bank data showed on Friday. The government raised $3 billion in Eurobonds in November. Nigeria’s forex buffer has climbed nearly 50 percent since last December but is still far off a peak of $64 billion […]

Business & Economy

Nigerian judges, others defraud govt in 2017…… More news

Idanre tells sad story of Nigeria’s cocoa industry The Punch Cocoa, an important cash crop in Nigeria, is produced here on a large scale. … Investigation shows that the town alone accounts for about 13 per cent of the total volume of cocoa produced in the 18 Local Government Areas in … That is what makes Idanre the best cocoa producer in […]

News

Nigeria plans to repay 198.03 billion naira

Nigeria plans to repay 198.03 billion naira ($647 mln) worth of treasury bills maturing in December with part proceeds of Eurobonds it raised last month. The announcement sent yields down by more than half. The Debt Management Office (DMO) said on Tuesday the bills due on Dec. 14 and Dec. 21 would be redeemed rather […]

Business & Economy

African markets important factors Nov.2, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Asian shares touched a 10-year high on Thursday after the U.S. Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike […]

Business & Economy

Political risks, other crisis to overshadow Sub-Sahara Africa economy out look

Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa next year from 2.6 percent in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South African are the biggest economies in Africa south of […]

Business & Economy

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——-Double Your Website Traffic. Learn More. Click hereGet Paid Listening to Songs Car & Van Magazine maiden edition out now To advertise on Car & Van magazine call 08115779812 or email admin@medianet.info Click Here to see latest posts and articles Nigeria’s Economy at a Glance Inflation                  14.33 Exch. […]

Kenya: How capped lending rates affect Standard Chartered Bank profits

Standard Chartered has declared a pre-impose benefit of KShs 4.98 billion for the primary portion of 2017. The Bank said the 33 percent drop, year-on-year, mirrors the impacts of the Banking (Amendment) Act, 2016, which topped loaning rates and presented a story on store rates, log jam in financial movement in the keep running up […]

Business & Economy News

Bank directors may not be able to access loans from banks anymore

Bank directors have been enjoying loans from banks they preside over and could take those loans anyhow they want. That is about to change… The recommendation by the Nigeria Deposit Insurance Corporation (NDIC) that directors of licensed deposit money banks and other financial institutions be barred from accessing loans from institutions they sit on as […]

Business & Economy News

ABSA gets over-subscription on Harmoney’s debt raising

Absa Bank has effectively renegotiated and upsized Harmony Gold Limited’s current $250 million Term Debt to a 3 year $350 million office. Absa Bank went about as Bookrunner, Co-ordinator and Mandated Lead Arranger. The exchange was oversubscribed with the obligation syndicated to an aggregate of 8 Lenders, including 3 new Lenders. This enabled Harmony to […]

Business & Economy News

What I Can Teach You About Markets

Important Aspects in Forex Trade Management Trade management is all about how a trader manages his trading activity to maximize his potential profit and minimize the risk of losing profit. Here are valuable suggestions that can help in applying trade management principles in a trading activity situation. When your trading in that day is indicating […]

Business Products & Services

The Beginner’s Guide to Trades

The Process of Forex Trade Management Trade management is all about how a trader manages his trading activity to maximize his potential profit and minimize the risk of losing profit. The following are recommendations that will help a trader to decide sensibly so he is able to manage his trading properly in accordance to a […]

Features & Reports

CBN continues to tighten naira liquidity to curb pressure on currency

The naira is seen steady on the foreign exchange market in the coming days as the Central Bank of Nigeria continues to inject the United States dollar into the market to improve liquidity. The CBN has also continued to tighten naira liquidity to curb pressure on the local currency. The local currency was quoted at […]

Features & Reports

Factors to watch African markets – July 3

Reuters: The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday . GLOBAL MARKETS Asian stocks held two-years highs on Monday, starting the new month on a solid footing after two quarters of gains while expectations of credit tightening by the world’s major central […]

News

Nigeria: CBN intervenes in inter-bank market to the tune of $195 million

The Central Bank of Nigeria (CBN) Wednesday intervened in various segments of the inter-bank market to the tune of $195 million. A breakdown of the intervention revealed that authorised dealers in the wholesale window segment received a $100 million offer from the bank, while the Small and Medium Enterprises (SMEs) and invisibles windows were allocated […]

Features & Reports

Etisalat Crisis: Sue Mubadala investors insist

Shareholder groups in the capital market, speaking to the News Agency of Nigeria have advised Etisalat Nigeria to settle the $1.2 billion debt it owes 13 commercial banks to avoid a takeover as the banks insist on the prosecution of the foreign directors of Etisalat Nigeria and its principal Mubadala. The banks claim the Mubadala […]

Features & Reports

Nigerian banks and Economic Recovery and Growth Plan

The Federal Government launched the Economic Recovery and Growth Plan with the vision to “drive a structural economic transformation which lays emphasis on improving both public and private sector efficiency”.  In order to achieve three broad strategic objectives of “restoring growth, investing in our people and building a globally competitive economy”, the Plan outlines five […]

Features & Reports

High interest rates cripples Nigerian economy

Nigeria’s Organised Private Sector (OPS) has implored monetary authorities to take acceptable measures in reflating the economy through monetary easing and reduction of the high interest rate, which it said are currently stifling economic growth in the country. The Nigerian Employers Consultative Association (NECA), at the quarterly meeting of its Governing Council in Lagos, said […]

Features & Reports

Proshare economy statistics 2017

PROSHARE ECONOMY Strongest World Growth Expected Since 2010 – Fitch – The recovery in global growth is strengthening and is expected to pick up to 2.9% this year and peak at 3.1% in 2018, the highest rate since 2010, says Fitch Ratings in its latest Global Economic Outlook (GEO). Source Proshare Read More Agricultural finance […]

News

ABCON to CBN: How to sustain naira

  The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Central Bank of Nigeria (CBN) on steps to sustain the naira’s  recovery against dollar. The naira has remained at N362/$1 at the parallel market in the last one week, a major improvement from N520/$1 in February. In a statement released yesterday, […]

Features & Reports

Naira gains not stopping CBN from sustaining intervention

Naira’s continued gains against the dollar will not deter the Central Bank of Nigeria (CBN) from sustaining its intervention in the interbank market, the apex bank said yesterday. The CBN has since February been pumping in dollars in all segments of the interbank market to ensure liquidity and availability of forex. More than $5 billion […]

Features & Reports

NSE: Investors confidence gradually returns

The confidence of investors in the country’s capital market is gradually returning as can be seen by the positive numbers in recent weeks, the Chartered Institute of Stockbrokers has said. The institute, thus, urged the government, the Central Bank of Nigeria and other regulators to remain consistent in their resolve to tackle the issues that […]

Features & Reports

CBN struggles to stabilize naira as May ends

Nigeria, the biggest economy in Africa, is down on its knees following the sharp drop in the prices of crude oil, the country’s major foreign exchange earner. Since June 2014 when the prices of oil fell from about $110 per barrel to the current average of $50/barrel, the fortunes of the world’s fifth largest exporter […]

Features & Reports

List of Nigerian rice [Pictures]

UMZA Rice – Kano State Mas Rice Mill – Gombe State Mama Happy Rice – Niger State Labana Rice – Kebbi State Ebonyi Rice – Ebonyi State Anambra Rice – Anambra State Olam Rice – Nasarawa State Ofada Rice – Ogun State Igbemo Rice – Ekiti State.

Features & Reports

CBN sold over $4 billion since February 2017

Nigeria’s foreign exchange reserves fell to $30.49 billion as of May 25, the lowest level since April 18 and down 0.87 percent from a month ago, central bank data showed on Wednesday. The forex reserves were up 15.27 percent year-on-year, the data showed. Africa’s biggest economy shrank by 1.5 percent in 2016 in its first […]

Features & Reports

NNPC shakes up N4tr investment in Nigeria’s oil sector

Takes over imports • Oil corporation explains position • Independent marketers abandon 198 depots, tank farms About N4 trillion downstream investments are being threatened, as over 198 private depots or tank farms across the country have remained idle since the Nigerian National Petroleum Corporation (NNPC) assumed the full importation of petroleum products. These depots do […]

Features & Reports

Why you’re losing money on Neobux (Part 1)

Neobux.com is legit and many people are making money from it. But I also consider it as a Forex market where the lone trader can lose funds at any time he trades. The only problem is you will earn 1 cent after ten clicks on ads which is too low. You have to follow the […]

Features & Reports
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