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The last time Goldman raised an private-equity buyout fund was in 2007: at just over $20 billion, it was the second biggest private-equity fund ever. It also top-ticked the market. Nine years later, the WSJ reports that Goldman is finally preparing a much anticipated sequel. According to the paper, Goldman will begin marketing a new […]

Following disappoingly un-dovish commentary from Bank of England and ECB, it appears a dearth of additional monetary exuberance (over and above the current insanity) is prompting capital flight from Europe. EURUSD tumbled to a 1.09 handle this morning, near post-Brexit lows… EUR at post-Brexit lows… Sending USD Index to fresh 4-month highs… So are we […]

Wife of the Senate President, Mrs. Toyin Saraki has been selected to speak at this year’s White House Global Development Summit in Washington DC. Mrs. Saraki who is also the President of the Wellbeing Foundation Africa (WBFA), will be speaking on the progress made in moving towards achieving Global Development Goals (GDGs) and also emphasising […]

In a statement full of frustration and rage sent to TheSimonAtebaNews, Mohammed Ibraheem Zakzaky, spoke directly to the Nigerian government about his pains, his detained father and murdered brothers.He described those holding his father “hostage” as serpents and said with his father going blind and dying slowly, he had become desperate. The statement is below […]

President Buhari with L-R: Regine Hess Deputy Head of Mission of Germany to Nigeria, H.E. Michael Zenner, the outgoing Ambassador and Minister of Foreign Affairs Geoffrey Onyeama as President Buhari receives in farewell audience, H.E. Michael Zenner, the outgoing Ambassador of the Federal Republic of Germany to Nigeria in Statehouse on 21st July 2016 President […]

Share on Facebook Tweet on Twitter Nigerien soldiers hold up a Boko Haram flag that they had seized in the recently retaken town of Damasak, Nigeria, March 18, 2015. Chadian and Nigerien soldiers took the town from Boko Haram militants earlier this week. The Nigerian army said on Tuesday it had repelled Boko Haram from […]

News FG: Economy is in Recession, Will Turn the Corner by Sept It is now official, the Nigerian economy, which overtook South Africa to emerge as the largest in Africa in 2014, is now in recession, the federal government finally declared yesterday. The Minister of Finance, Mrs. Kemi Adeosun, who made this disclosure while briefing […]

Nigeria urgently needs to increase the supply of dollars in the economy, especially at the interbank market where access is really limited and bank customers are unable to get enough dollars to buy. Consequently, there are issues with imports of various petroleum products, food items and even services. The gap between the official and parallel […]

The Naira suffered another major dent mid-day trading on Friday at the interbank after it hit another all time low of N319 to the dollar, according to reports from Reuters. The currency has been on a downward spiral since the CBN eventually took away the currency “price ceiling” it placed after it officially floated the currency. […]

The Central Bank of Nigeria has extended a “short-term” loan to Skye Bank to enable it stabilise its operations after a panic withdrawal that ensued due to a massive resignations at the Board and Management level of the bank. The Central Bank’s extension of a loan which can be viewed as a bailout is seen as […]Read More

Nigerian stocks closed trading on a negative note as the all share index dropped -1.21%. Market capitalization at the close of trading was N9,505,732,523,307.04. Highlights of today’s trading session. NSE All Share Index was 27,659.44 down -1.21%. Market capitalization closed at N9.5 trillion compared to yesterday’s market capitalization of 9.61 trillion. Volume of shares traded was 255,734,083.00 units […]Read More

Nigeria’s Parallel Market Exchange rate is a daily compilation of the price of the Naira against three major currencies in the world. This tracker dates to the first day the Naira was floated. Data is collated from various black market dealers on the Mainland and Island of Lagos State where forex is sold. The price quoted […]