₦airaland Forum

The overnight rate is the interest rate banks charge each other on loans for meeting reserve requirements. The overnight rate is frequently confused with the discount rate, which is the interest rate the Federal Reserve charges on loans from the Federal Reserve Bank, but they are different rates. For further reading and an understanding of its implication on the economy, see link below:


http://tombstone-analyst..com/2014/12/nigeria-overnight-rate-spikes-naira.html

shymexx:
So, this clown is now the new western imperialist tool they're grooming to destroy Africa in the next decade, no Focus on your job, mate... Oh well, that's if he actually knows what his job entails - a man who studied Islamic studies should never have been appointed as the head of the CBN, anyway...

[img]http://www4.pictures.zimbio.com/gi/IMF+Managing+Director+Christine+Lagarde+Visits+ylila4V5E4Um.jpg[/img]

^^^^Birds of a feather..SMFDH.... Africa's NEMESIS..

So now with the naira tading on the black mkt at 186 you still maintain your view?

CBN Devalues the Naira:

http://tombstone-analyst..com/2014/11/cbn-devalues-naira-now-168-to-us-dollar.html

Nigerians React to the devaluation of the Naira. See Here for further reading:

http://tombstone-analyst..com/2014/11/devaluation-naira-hits-n186-to-1-in.html

The Institute of Chartered Accountants of Nigeria, ICAN, has laid foundation for the construction of a lecture theatre with a capacity for 250 at the permanent site of the North West University, Kano, a newly established state-owned university.

See here for further details:
http://tombstone-analyst..com/2014/11/ican-constructs-250-capacity-lecture.html

Read full gist here :

http://tombstone-analyst..com/2014/11/strike-by-health-workers-unnecessary.html

Check Here:

http://tombstone-analyst..com/2014/11/firs-pre-operational-levy.html