Updates

Asia stocks plummet, yen soars as risk aversion grips markets

Mon Jun 13, 2016/Reuters By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks fell the most in more than four months and the Japanese yen jumped on Monday as risky assets took a hammering before key central bank meetings this week and while investors await Britain’s stay-or-go referendum on European […]

Banks Want CBN To Limit Across Counter Withdrawal To N10k

June 13, 2016/Nairametrics Commercial Banks have been reported by the Punch to have asked the CBN to limit across the counter withdrawals to just  N10,000 in a move that is bound to be followed by a customer backlash and could even set the economy further back in its bid to […]

Naira to fall further ahead of new forex policy

11/6/2016/Punch Oyetunji Abioye with agency report The naira is expected to drop further against the United States dollar at the parallel market in the coming days as the Central Bank of Nigeria moves to release details of its new flexible exchange rate policy. The local currency was quoted at 368 […]