₦airaland Forum

SMEDAN to establish micro-finance bank for SMEs

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it would soon establish a micro- finance bank to enable operators of Micro, Small and Medium Enterprises (MSMEs) to have unfettered access to funding to run their businesses.

https://skytrendconsulting.com/2020/12/19/smedan-to-establish-micro-finance-bank-for-smes/

NSE celebrates bullish market, capitalisation climbs to N19trn

https://skytrendconsulting.com/2020/12/19/nse-celebrates-bullish-market-capitalisation-climbs-to-n19trn/

The Nigerian Stock Exchange (NSE) is celebrating a bullish market, as capitalisation climbs to N19 trillion

Close all money transfer operators’ naira accounts, CBN orders banks

Central Bank of Nigeria, (CBN) has ordered banks (the Deposit Money Banks) to close all naira accounts of International Money Transfer Operators, (IMTO).

https://skytrendconsulting.com/2020/12/19/close-all-money-transfer-operators-naira-accounts-cbn-orders-banks/

Nigeria’s external reserve plummets to $34.85bn, record 8-month low

Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) continues its interventions across the various foreign exchange (FX) windows despite declining dollar inflows.

https://skytrendconsulting.com/2020/12/16/nigerias-external-reserve-plummets-to-34-85bn-record-8-month-low/

Naira strengthens further to N470/$ at parallel market

Naira strengthens further to N470/$ at parallel market

The Nigeria’ Naira continues to strengthen up as it exchanged at N470/$ on Tuesday December 15, 2020 at the parallel market.

https://skytrendconsulting.com/2020/12/16/naira-strengthens-further-to-n470-at-parallel-market/

Finance bill 2020: See details of 17 key items passed by Senate

The Senate, on Tuesday, passed the Finance Bill 2020 transmitted to the National Assembly by President Muhammadu Buhari two weeks ago.

https://skytrendconsulting.com/2020/12/16/finance-bill-2020-see-details-of-17-key-items-passed-by-senate/

World Bank okays $1.5bn loan to give bite to Nigeria’s economy

The World Bank has approved Nigeria’s request for a $1.5 billion loan. In a statement on Tuesday, the Bretton Wood institution says the facility is a 5-year country partnership framework (CPF) that will last from 2021 to 2024.

https://skytrendconsulting.com/2020/12/16/world-bank-okays-1-5bn-loan-to-give-bite-to-nigerias-economy/

Inflation rate climbs to 14.23% as food prices ascend; Nigerians groan

More Nigerians have continued to groan as prices of food commodities across the nation have continued to rise.

https://skytrendconsulting.com/2020/12/16/nigerias-inflation-worsens-hits-14-89-more-nigerians-groan/

JUST IN: Lagos govt unveils sales of rice at N20,000 per bag

The Lagos State Government says it will begin the sales of rice before Christmas celebration to residents in collaboration with Kebbi Government and Central Bank of Nigeria (CBN).

https://skytrendconsulting.com/2020/12/14/just-in-lagos-govt-unveils-sales-of-rice-at-n20000-per-bag/

Naira continues gain, exchanges N473/$ at parallel market

The Nigeria’ Naira consolidated its gain and exchanged at N473/$ on Monday December 14, 2020 at the parallel market.

https://skytrendconsulting.com/2020/12/14/naira-continues-gain-exchanges-n473-at-parallel-market/

NSE halts downward spiral as investors gain N300bn

Nigeria’s Stock Exchange (NSE) market halted its downward spiral on Monday, December 14, 2020, thanks to investors who after previous sessions of market dip saw bargain opportunities in equities like Airtel Africa Plc, Dangote Cement Plc, Guinness Nigeria Plc, and Lafarge Africa Plc.

https://skytrendconsulting.com/2020/12/14/nse-halts-downward-spiral-as-investors-gain-n300bn/

Oil prices climb towards $50, highest in 9 months

Oil prices climbed their highest in 9 months, Friday evening, a day after (OPEC+) sealed a compromise deal over its oil production policy early next year.

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https://skytrendconsulting.com/2020/12/04/oil-prices-climb-towards-50-highest-in-9-months/

NAIRA FALLS AGAIN, hovering around N475/$ despite CBN new policy

The Naira is hovering between N475 to N480 compared to the United States Dollar on Friday December 4, 2020, after losing N5 in value in 48 hours, following the initial gain.

https://skytrendconsulting.com/2020/12/04/naira-falls-again-hovering-around-n475-despite-cbn-new-policy/

Economy in crisis: Arik Air fires 300 workers

The management of Arik Air has fired 300 members of staff of their appointments.

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https://skytrendconsulting.com/2020/12/04/economy-in-crisis-arik-air-fires-300-workers/