Naira May Depreciate To 475/$, Says Rewane         The naira will weaken in the parallel market as oil prices stay at $40-$42 per barrel and likely depreciate to 470-475 against the dollar in November and December, the Managing Director/Chief Executive Officer, Mr Bismarck Rewane, has said. Rewane...

Shrinking Of Economy: Experts Warn Of Mass Poverty, Predict Recession In Q3     The Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, has said that the Nigerian economy will slide into a technical recession in the third quarter of 2020. Rewane who spoke with one of our...

Nigeria’s Investments On Fixed Assets Hit $39.2bn In Five Years   Nigeria’s Fixed Gross Investments rose by $39.2 billion in five years, from $59.6 billion recorded in 2016 to $98.2 billion in 2020. Fixed Gross Investment records total business spending on fixed assets, such as factories, machinery,...

The Exporter/Importer Forex Window launched by the Central Bank of Nigeria (CBN) to deepen dollar inflows to the economy has recorded $1 billion deals in the last six weeks, Managing Director, Financial Derivatives Limited, Bismarck Rewane, has said. In the company’s economic report, released at...

Nigeria’s external reserves dropped to $30.298 billion as at March 30, 2017 following settlement of matured obligations, mainly foreign exchange (FX) forwards, by the Central Bank of Nigeria (CBN). The latest external reserves position showed it fell by $67 million compared with the $30.231 billion...

A natural consolidation in form of mergers and acquisitions is likely in the Nigerian banking sector, economic and financial experts have predicted. They said with the myriads of challenges facing the nation’s economy, some banks were likely to experience some challenges that could only be...