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Nigeria’s chronically controversial prophet and healer, T.B. Joshua, has released a video claiming that he predicted Brexit in a video dated 25th December, 2011. Joshua is seen stating: “We pray for this European community because I see the Euro which holds them together will be affected and many countries will want to go back.” On 24th […]Read More

President Muhammadu Buhari is honest, straightforward and is operating from a genuine heart, Vice President Yemi Osinbajo, said on Friday, adding that “we have worked together very, very well”.  Mr. Osinbajo, “though some people say President Muhammadu Buhari is strict because of his forthrightness, he is the kind of leader we need now, a president who […]Read More

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Members of the National Assembly caucus in both the Senate and House of Representatives from Ekiti State have cautioned the Economic and Financial Crimes Commission (EFCC) to stop intimidating and harassing Governor Ayodele Fayose of Ekiti State. The caucus condemned the freezing of the bank accounts belonging to Ekiti state Governor by the EFCC and described it as absolutely illegal, […]Read More

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 sellers on the mainland and the island. We usually post the higher of both rates. Rates may differ due across buyers, markets or regions. The […]

Brexit shocks roil global financial markets: Yesterday, the United Kingdom voted to leave the European Union in a vote which sent shock waves across global financial markets this morning. Following the announcement of poll results, the UK pound fell (as much as 11%) to the weakest level in over three decades of $1.3229 while the FTSE 100 tumbled […]Read More

Though mutual funds are not as popular in Nigeria as stocks but a sizable amount of investors have purchased and still hold mutual funds in addition to or instead of buying individual stocks. For those wondering why they or any one should invest in mutual funds, there are good reasons to do so as mutual […]

Investment Consultancy Group, Mercer, has released its 22nd annual cost of living survey. The survey found that factors including currency fluctuations, cost inflation for goods and services, and instability of accommodation prices, contribute to the cost of expatriate packages for employees on international assignments. “Despite technology advances and the rise of a globally connected workforce, deploying expatriate employees’ […]Read More

The Chairman of Nigeria’s Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Magu has led the Buhari’s government’s fight against corruption in a way that is reminiscent of the days of Nuhu Ribadu, the commissions first Chairman. He has been on the fore front of a number of high-profile arrest of politicians in the former […]Read More

Global Rating Agency, Fitch announced last week that it was downgrading Nigeria’s long-term foreign currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-’ as well as the country’s long-term local currency IDR to ‘BB-’ from ‘BB’. The issuers rating on Nigeria’s senior unsecured foreign-currency bonds was also downgraded to ‘B+’ from ‘BB-’. In case you […]Read More

The National Bureau of Statistics in conjunction with Jobberman released their 2016 first quarter employment report. According to the Bureau, application for jobs has fallen from about 318,233 in October 2015 to about 145, 872 in March 2016 representing a whopping 55% drop. In fact, job applications have been sliding since last year, with the […]

Last May, the Minister for State for Petroleum Resources and Group Managing Director of the NNPC, Dr Ibe Kachikwu announced an increase in the price of fuel from about N82.5 to as high as N145 abandoning years of a fixed pricing system for Nigeria’s most desired commodity. The announcement came on the back of excruciating […]