by Omoleye Omoruyi Chukwuebuka Ezengwu, 21, who allegedly staked N286,600 sent to him by customers into the Mavrodi Mondial Movement (MMM) ponzi scheme was arraigned on Thursday in Lagos. Ezengwu, who appeared before a Magistrates’ Court, is facing a two-count charge of fraud and theft. He however pleaded not guilty to the charges. The Prosecutor,... Read More

April 20, 2016

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Nigeria will soon start exporting to China – CBN governor

Governor of the Central Bank of Nigeria, Godwin Emefiele has revealed that the agreement signed between Nigeria and China will be beneficial to both countries. During a press conference at the World Bank headquarters in Washington, TheCable reports that Emefiele said the government of Nigeria is ‘talking with China’ to have the Asian country importing... Read More

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agreement, central bank of Nigeria, China, economy, Emefiele, nigeria, trading

February 18, 2015

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BREAKING: Another naira devaluation looms as CBN cancels RDA trading

by Kolapo Olapoju The Central Bank of Nigeria has, in a circular to banks and trading houses, cancelled the Dutch Auction System of trading the Naira, RDAS. Some analysts believe that this action will shortly be followed by yet another devaluation of Nigeria’s currency. More to follow….

Nigerian Stock Exchange, Nse, trading

February 13, 2015

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Panic as CBN shuts down interbank market

by Godwin Akanfe The Central Bank of Nigeria has issued a circular which has effectively closed the interbank market. As at the morning of Friday, February 13, only one-way, zero margin deals will be allowed as the regulator says it will be giving an intervention imminently. According to the circular, if traders have legitimate transactions,... Read More

CBN, Equity trading, Interbank market, nigeria, trading

February 12, 2015

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Interbank trading briefly suspended as Naira crashes to 206 against dollar

by Kolapo Olapoju Earlier today, trading was briefly suspended for the second day in a row at the Interbank market. The market hit its limit of N204.10, as naira nosedived further.. As a result of the above-limit mark, the circuit breaker was triggered, which consequently led to a closure for about an hour on all 2-way... Read More

dollar, Interbank market, naira, nigeria, trading

May 27, 2014

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“I’ll never stop being a prostitute”: Meet the 64-year-old woman who enjoys trading sex for money (PICTURED)

by Zara Mustapha Wearing her blonde hair long, dressed nicely, 64-year-old Beverley from Kent is ready to start her day. The Kent grandmother looks like any other retiree but Beverly or Bev as she likes to be called, is a working escort. Bev who began her career more than 30 years ago when her husband, left... Read More

64-year-old woman, Beverley, money, prostitute, trading

May 2, 2014

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The Global Shapers Community rings closing bell at the NSE

by Akintomiwa Agbaje The Shapers who were received by the CEO of the exchange, Mr. Oscar Onyema were led by the Director of the Global Shapers Community, Yemi Babington-Ashaye and the Senior Manager, Global Shapers Community –Africa, Chidiogo Akunyili. They had come to the trading floor of Nigeria’s capital market to ring the closing bell. While speaking on... Read More

MMM: Trader arraigned for investing customer’s money

Nigeria will soon start exporting to China – CBN governor

BREAKING: Another naira devaluation looms as CBN cancels RDA trading

Panic as CBN shuts down interbank market

Interbank trading briefly suspended as Naira crashes to 206 against dollar

“I’ll never stop being a prostitute”: Meet the 64-year-old woman who enjoys trading sex for money (PICTURED)

The Global Shapers Community rings closing bell at the NSE

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