6/2/2017/Punch Oyetunji Abioye The naira has depreciated further against the United States dollar at the parallel market to 500, from 498. The development came barely one week after the naira touched 500/dollar briefly and returned to 498/dollar. The local currency had been stable against the greenback for about three weeks. […]

6/2/2017/Punch Rising non-performing loans and imminent fall in naira value have put banks in a precarious position and needing to raise fresh capital in a distressed economy, OYETUNJI ABIOYE writes Palpable fear has gripped the chief executives of many large-tier and mid-tier Deposit Money Banks as an imminent fall in […]

Culled—The Will By David Oputah – February 3, 2017 The Nigeria Police Force and the Central Bank of Nigeria have disclosed that they would embark on a nationwide arrest of whoever defaces the Naira saying it has observed that there is an increase in the rate of abuse of the […]