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Submitted by Lance Roebrts via RealInvestmentAdvice.com, You have to admit it is really quite amazing. Two weeks ago, Central Bankers and leading politicians were exclaiming that if Britain left the E.U. it would be a catastrophic economic event on the magnitude of a “Lehman” moment. However, despite all of the “hand-wringing,” if you had been […]Read More

Ready to be underpaid to fight for the right to demand a raise? In Maine there is an ironic situation taking place. One of the key players fighting to raise the minimum wage in Maine has recently been exposed as a hypocrite. Why? According to the Portland Press Herald, Maine People’s Alliance (MPA) has been […]

The year 2015 was a horrendous year for Nigerian consumer goods companies as key indicators showed many of them being hard hit by rising inflation, foreign exchange restrictions and continued weakness in consumer discretionary spending accentuated by a slow-growing economy. Nairametrics has decided to take a cursory look at the 5 major listed consumer firms […]

Last week the Central Bank of Nigeria issued a press release confirming that the Management and Board of Skye Bank had agreed to resign paving the way for a new Board. The Central Bank claimed that its decision to infuse a new Board and Management for Skye Bank PLC “is a proactive regulatory action meant […]

Note: “Buy” refers to the rate you pay if you want to buy forex. “Sell” is the rate that you sell to parallel market operators. Our rates are obtained from black market operators on the mainland and the island of Lagos. We prefer to publish the higher of the two. Dollars Buy   – N350 […]

Skye Bank’s Chart as at July 8 2016 As expected investors in the Nigerian Stock Exchange few out of the gates to dump their shares in Skye Bank Plc. The share price opened at 91 kobo before dropping it as low 87 kobo per share. The Central Bank on Monday issued a press release informing […]

Nigerian stocks closed trading on a negative note as the all share index dropped -0.51%. Market capitalization at the close of trading was N9,910,225,140,588.62. Highlights of today’s trading session. NSE All Share Index was 28,854.98 down -0.51%. Market capitalization closed at N9.9 trillion. Volume of shares traded was 234,960,908.00 units. Top Trades Company (By Volume) Volume Value GUARANTY 32,472,279 […]Read More

The Central Bank of Nigeria (CBN) via its Prudential Guidelines of 2010 has the powers to takeover a bank. The CBN can invoke these powers under certain conditions provided in the banks Prudential Guidelines. The CBN included these powers in its Prudential Guidelines in the wake of the Banking crisis of 2009 which paved the […]

At the early hours of today, precisely at about 5.15am, two Boko Haram terrorists suicide bombers attacked Damboa. The first suicide bomber targeted Damboa Central Mosque but due to stringent security measures, he could not gain entry. Obviously frustrated, he exploded and died near the Central Mosque. However, the second bomber veered off and gained […]

A federal high Court sitting in Owerri, Imo State, has dismissed a suit filed against Abia’s governor, Dr. Ozekie Ikpeazu by Friday Nwosu, a rival in the 2014 governorship primary election of the Peoples Democratic Party, PDP. The suit was dismissed for lack of merit on Friday, July 8, 2016. Nwosu, a lawyer, was challenging Ikpeazu’s candidacy […]Read More