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Category: Business

Business Economy

Jeff Bezos was briefly the world richest man with $90.06bn

Iheanyi Ejiofor July 27, 2017 headline

Jeff Bezos, the chief executive officer of Amazon was briefly the world richest man on Thursday. The Amazon boss net worth, according to Forbes, was estimated at $90.6 billion as at…

Read More Jeff Bezos was briefly the world richest man with $90.06bn
Business Economy

Why MPC retained interest rate at 14% – Emefiele

Iheanyi Ejiofor July 25, 2017 headline

The CBN Monetary Policy Committee (MPC) has again retained the Monetary Policy Rate (MPR) at 14 per cent due to uncertainties in some areas of the country and the global…

Read More Why MPC retained interest rate at 14% – Emefiele
Business Economy

CBN injects $195m into Forex market Ahead of MPC Decisions

Iheanyi Ejiofor July 24, 2017 headline

…Offers $100m to Wholesale segment; …SMEs window receives $50m boost; …BTA, others get $45m Ahead of the decisions of the Monetary Policy Committee (MPC) on Tuesday, July 25, 2017, the…

Read More CBN injects $195m into Forex market Ahead of MPC Decisions
Business Economy

Sterling Bank struggles with rising impairment as loans decline

Iheanyi Ejiofor July 24, 2017 headline

More Sterling Bank’s debtors are not paying back their debts as the size of the bank’s loans and advances reduces. The bank’s financial statements for the first months of 2017…

Read More Sterling Bank struggles with rising impairment as loans decline
Business

CBN sells treasuries above inflation to attract forex flows

Iheanyi Ejiofor July 22, 2017 headline

Nigeria’s central bank offered six-and 12-month Treasuries at yields higher than the country’s inflation rate on Friday to lure yield-hungry investors and attract dollar inflows, traders said. Severe dollar shortages…

Read More CBN sells treasuries above inflation to attract forex flows

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