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The Educate Nigeria Campaign® is the Umbrella Initiative of the AIBS. The Campaign has one sole purpose: to utilize innovative learning technologies in combination with the advantages offered by the internet to provide every Nigerian youth ... Read more


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NEWS UPDATE


 01/11/2011
The African Institute of Business Simulations Announces Enhanced Cool Student Member Benefits!......

MEMBERSHIP IN AIBS

  When you join AIBS, you become a member of an international  association  of business professionals dedicated to developing and promoting the acquisition of 360 degree  practice based business skills using simulations.
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  BUSINESS NEWS RSS FEEDS

  • Outcome of the Meeting of The Financial Services Regulation Coordinating Committee (FSRCC) - 16th March 2010

    The Financial Services Regulation Coordinating Committee (FSRCC) held its 40th meeting on Monday March 15, 2010 where it adopted policy directives for promoting a safe, sound and stable financial system. Click here for details.

    Press Release On CBN Banking Reforms Get A Boost: Reps Pass AMCON Bill, Scales Second Reading at the Senate - 10th March 2010
    The on-going banking reforms have received a significant boost with two key developments in the National Assembly on Wednesday 10/3/10. The Asset Management Corporation of Nigeria (AMCON) Bill scaled the second reading at the Senate following presentation of the required financial compendium on AMCON. The Bill has thus been referred to the Senate Committee on Banking, Insurance and other Financial Institutions.... Click here for more details.

    Revised Microfinance Banks' Returns Template - 8th March, 2010
    Following series of complaints on the Revised Microfinance Banks' returns template from the operators, a new version has been produced to ease the difficulties experienced by the institutions. Click here to download the new version of the Returns Template.

    Press Release: Update on Establishment of Assets Management Corporation of Nigeria(AMCON)
    It will be recalled that the Central Bank of Nigeria through the Executive had sent a draft Bill for the establishment of AMCON to the National Assembly for consideration and passage into law. The AMCON as a resolution vehicle is expected to soak the toxic assets of the CBN-intervened banks and provide liquidity to them as well as assist in their recapitalization.. Click here for more.

    Press Release On MPC Boosts Real Sector: Stresses Need To Unlock the Credit Market - 2nd March 2010
    In tandem with the desire of the Central Bank of Nigeria at ensuring that the financial sector contributes to the real economy as enunciated under the four pillars of the banking reforms, the Monetary Policy Committee (MPC) has taken far reaching decisions aimed at channeling credit to the real sector. Click here for more.

    Central Bank of Nigeria Communiqué No. 68 of the 213th Monetary Policy Committee Meeting, March 1-2, 2010
    The Monetary Policy Committee (MPC) met on 1st and 2nd March, 2010 to review domestic economic conditions for the first two months of 2010 and the challenges faced by the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to chart the course for monetary and financial sector policies for the remainder of the year. Click here for more.

    CBN Restructures into 25 Departments
    As part of the ongoing efforts aimed at improving Accountability, Communication and Efficiency as well as Effectiveness in actualising CBN's strategic objectives (ACE), the Board of CBN has approved a new organisation structure for the Bank, effective March 1st, 2010.
    Click here for summary of structure changes , Click here for the new Organisation Structure
    Click here for more.

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    Central Bank Of Nigeria Help Desk For Complaints On ATM Transactions

    The Central Bank of Nigeria (CBN) has noted with serious concern the growing complaints by the customers and the general public on ATM transactions and the inability of banks to resolve them within a reasonable time frame. In order to sustain public confidence in the Nigerian Payment System, the CBN has directed that henceforth all complaints on card transactions should be treated and responded to within 72 hours of receipt of the complaints by banks. Click here for more.

    Re- Alleged limit to loan approval and five percent equity holding in banks
    The attention of the Central Bank of Nigeria has been drawn to two publications, the first in the Vanguard Newspaper of January 28, 2010 titled: CBN to ensure 5% Equity Holding in Banks-Sanusi and the second on the front page of the Vanguard Newspaper of February 1, 2010,titled: CBN limits bank MDs, boards' loan approval. Click here for more.

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    Re- Alleged limit to loan approval and five percent equity holding in banks

    The attention of the Central Bank of Nigeria has been drawn to two publications, the first in the Vanguard Newspaper of January 28, 2010 titled: CBN to ensure 5% Equity Holding in Banks-Sanusi and the second on the front page of the Vanguard Newspaper of February 1, 2010,titled: CBN limits bank MDs, boards' loan approval. Click here for more.

    Brief On Guidelines For Tenure Of Managing Directors Of Deposit Money Banks And Related Matters
    In furtherance of the on-going banking reforms, the Central Bank of Nigeria pursuant to the powers conferred on it by Banks and Other Financial Institutions Act (BOFIA), Laws of the Federation of Nigeria, (LFN), 2004 has issued the following guidelines to address some corporate governance issues in the deposit money banks: Click here for more.

    New Monetary Policy Committee (MPC) Members
    Click here for the new members of the Monetary Policy Committee.

    Stakeholders of Bailed-Out Banks Agree To Work With CBN On Recapitalization Process
    The Central Bank of Nigeria held an interactive meeting with stakeholders of ten affected banks comprising their directors and principal shareholders on Friday, January 15, 2010. The objective of the meeting was to inform the stakeholders on plans for the implementation of the second phase of the on-going banking sector reforms. Click here for more.

    Disclaimer On CBN Involvement In ATM Upgrade
    This is to notify the general public that the Central bank of Nigeria is not involved in any on-going Automated Teller Machines upgrade or any related activity that may require banking customers' pin code/password.
    Click here for more.

    CBN Appoints Executive Directors for Three Banks
    The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO's of the affected banks and their replacement with new ones. Click here for more.

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    Brief On Guidelines For Tenure Of Managing Directors Of Deposit Money Banks And Related Matters

    In furtherance of the on-going banking reforms, the Central Bank of Nigeria pursuant to the powers conferred on it by Banks and Other Financial Institutions Act (BOFIA), Laws of the Federation of Nigeria, (LFN), 2004 has issued the following guidelines to address some corporate governance issues in the deposit money banks: Click here for more.

    New Monetary Policy Committee (MPC) Members
    Click here for the new members of the Monetary Policy Committee.

    Stakeholders of Bailed-Out Banks Agree To Work With CBN On Recapitalization Process
    The Central Bank of Nigeria held an interactive meeting with stakeholders of ten affected banks comprising their directors and principal shareholders on Friday, January 15, 2010. The objective of the meeting was to inform the stakeholders on plans for the implementation of the second phase of the on-going banking sector reforms. Click here for more.

    Disclaimer On CBN Involvement In ATM Upgrade
    This is to notify the general public that the Central bank of Nigeria is not involved in any on-going Automated Teller Machines upgrade or any related activity that may require banking customers' pin code/password.
    Click here for more.

    CBN Appoints Executive Directors for Three Banks
    The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO's of the affected banks and their replacement with new ones. Click here for more.

    Re: Central Bank Guarantee Of Foreign Credits and Interbank Lending
    Following the release of the communiqué of the 212th MPC Meeting on January 5, 2010, the Central Bank hereby provides the following additional clarification with respect to the guarantee of Inter-bank and foreign credit lines.Click here for more.

    Read More

    New Monetary Policy Committee (MPC) Members

    Click here for the new members of the Monetary Policy Committee.

    Stakeholders of Bailed-Out Banks Agree To Work With CBN On Recapitalization Process
    The Central Bank of Nigeria held an interactive meeting with stakeholders of ten affected banks comprising their directors and principal shareholders on Friday, January 15, 2010. The objective of the meeting was to inform the stakeholders on plans for the implementation of the second phase of the on-going banking sector reforms. Click here for more.

    Disclaimer On CBN Involvement In ATM Upgrade

    This is to notify the general public that the Central bank of Nigeria is not involved in any on-going Automated Teller Machines upgrade or any related activity that may require banking customers' pin code/password.
    Click here for more.

    CBN Appoints Executive Directors for Three Banks
    The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO's of the affected banks and their replacement with new ones. Click here for more.

    Re: Central Bank Guarantee Of Foreign Credits and Interbank Lending
    Following the release of the communiqué of the 212th MPC Meeting on January 5, 2010, the Central Bank hereby provides the following additional clarification with respect to the guarantee of Inter-bank and foreign credit lines.Click here for more.

    Central Bank of Nigeria Communiqué No. 67 of the 212th Monetary Policy Committee Meeting, January 4-5, 2010
    The Monetary Policy Committee (MPC) met on 4th and 5th January, 2010 to review domestic economic conditions in 2009 and the challenges faced by the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to chart the course for monetary and financial sector policies for 2010.
    Click here for more.

    Read More

    CBN Appoints Executive Directors for Three Banks

    The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO's of the affected banks and their replacement with new ones.
    Click here for more.
    Re: Central Bank Guarantee Of Foreign Credits and Interbank Lending
    Following the release of the communiqué of the 212th MPC Meeting on January 5, 2010, the Central Bank hereby provides the following additional clarification with respect to the guarantee of Inter-bank and foreign credit lines.
    Click here for more.

    Central Bank of Nigeria Communiqué No. 67 of the 212th Monetary Policy Committee Meeting, January 4-5, 2010
    The Monetary Policy Committee (MPC) met on 4th and 5th January, 2010 to review domestic economic conditions in 2009 and the challenges faced by the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to chart the course for monetary and financial sector policies for 2010.
    Click here for more.

    Re: Publication Of Interest Rates
    In line with the CBN policy to ensure that Transparency and Accountability are entrenched in the banking sector, banks are henceforth required to submit on weekly basis to the CBN their average deposit and lending rates in line with our previous circulars numbers BSD/DIR/GEN/CIR/02/019 dated January 29, 2009 and BSD/DIR/GEN/CIR/01/023 dated October 14, 2009.
    Click here for more.

    Press Statement On The CBN and Disengagement of Bank's Workers
    The Central Bank of Nigeria has noted with dismay, several untrue reports in the media alleging that the Central Bank of Nigeria ordered the mass sack of Deposit Money Banks' staff and rationalization of their branches.
    Click here for more.

    Read More

    Federal High Court Grants Mareva Injunction On Akingbola's Assets Worldwide - 31st Dec. 2009

    A Federal High Court sitting in Lagos, on Thursday, December 31, 2009 has granted a freezing injunction and attachment worldwide on all assets of Dr. Erastus B. O. Akingbola, former Managing Director of Intercontinental Bank PLC, for total offences amounting to the tune of N346,185,841,243.75 and GBP Sterling 1,085,515.00.Click here for more.

    Read More

    Press Release On Third Quarter (Q3) Results Released By Deposit Money Banks - 11th Dec. 2009

    In line with the Central Bank of Nigeria's new disclosure standards which are central to the Bank's ongoing banking sector reforms, all deposit money banks (DMBs) in Nigeria have announced financial results for the third quarter 2009 in line with clearly defined and transparent reporting requirements.
    Click here for more.

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    Press Statement On Update on Banking Reforms 13th November, 2009

    In furtherance of the banking reforms exercise aimed at ensuring the stability and soundness of Nigeria's banking industry, the Central Bank of Nigeria, (CBN), has appointed advisers that will work with the ten deposit money banks - Afribank Plc, Finbank Plc, Intercontinental Bank Plc, Oceanic International Bank Plc, Union Bank of Nigeria Plc, Bank PHB Plc Equatorial Trust Bank Limited and Spring Bank Plc - whose management were recently replaced, as well as Wema Bank Plc and Unity Bank Plc.
    Click here for more.

    Press Statement On Deregulation 4th November, 2009
    The Central Bank of Nigeria (CBN) has noted reports in some sections of the press alleging in screaming headlines that the CBN is against the Federal Government's policy of deregulation of the downstream sector of the petroleum industry. These press reports arose from the Monetary Policy Committee, MPC briefing by the CBN Governor on Tuesday, 3 November 2009.Click here for details

    Press Statement On Equatorial Trust Bank Limited 4th November, 2009
    Following the Special Examination of all banks operating in the country, and the subsequent actions by the CBN, the shareholders of Equitorial Trust Bank Limited requested the permission of the Central Bank of Nigeria to be allowed to rectify lapses identified in the bank. In pursuance to that, the shareholders executed a Deed of Covenant, the specific terms and conditions of which included the following:Click here for details

    Central Bank of Nigeria Communiqué No. 66 of the Monetary Policy Committee Meeting, November 03, 2009
    The Monetary Policy Committee (MPC) at its meeting today reviewed the domestic and external economic and financial developments for the year so far. The international economic scene, in the Committee's view, has turned out to be better than was projected about six months ago Click here for details

    Read More

    Central Bank of Nigeria Communiqué No. 66 of the Monetary Policy Committee Meeting, November 03, 2009

    The Monetary Policy Committee (MPC) at its meeting today reviewed the domestic and external economic and financial developments for the year so far. The international economic scene, in the Committee's view, has turned out to be better than was projected about six months ago Click here for details

    Central Bank Of Nigeria Invitation For The Submission Of Quotations For The Supply Of Cybex Gym Equipment
    The Central Bank of Nigeria requires the supply of Cybex Gym Equipment to the Bank under the Year 2009 Budget. Consequently, the Bank wishes to invite ONLY ACCREDITED MANUFACTURERS REPRESENTATIVES of Cybex Gym Equipment to submit quotations for the supply Click here for details

    Central Bank Of Nigeria Invitation For The Pre-qualification Of Contractors For The Execution Of Capital Development Projects Under 2009 Budget
    The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for the Refurbishment of the Burnt CBN Kano old Branch Building/Development of a Learning Centre (Ref No CBN/CDP2009/03). Consequently, the Bank wishes to invite reputable contractors to indicate interest to prequalify for the Project.Click here for details

    Press Statement 23rd October, 2009
    The Central Bank of Nigeria (CBN) has noted a story on the back cover of the Guardian Newspaper of Thursday, 22nd October 2009 alleging that the CBN has directed commercial banks "to place a lid on the loans they offer airlines in the country, which has put the airlines on the edge as they are finding it difficult to source funds to run their operations"Click here for details

    Revised Microfinance Banks' Returns Template
    For the benefits of all microfinance banks that attended the Workshop on Returns Rendition recently organized across three locations in the Country and those that could not attend, a revised template is now available Click here for details


    Job Opportunities At The International Monetary Fund (IMF)
    The International Monetary Fund (IMF) is planning a Recruitment Mission to Nigeria on
    November 10, 2009. The Mission will identify suitable candidates for mid-carrier
    economist pipeline in the Economist Program for recent PhD graduates and other
    specialist positions. The Federal Ministry of Finance and the Central Bank of Nigeria are
    coordinating the recruitment exercise on behalf of the IMF.Click here for details

    Public Statement 17th Oct. 2009
    The Central Bank of Nigeria (CBN) has noted the front page story of the Champion Newspaper of Friday 16th, October 2009 with the above caption alleging that the CBN Governor, Sanusi Lamido Sanusi had told the Senate that his life was in danger. The paper also attributed to the Governor "how a business associate of one of the sacked bank Managing Directors gave out loans in two separate payments to two of his friends, (and that) the bank chief had given out the loans to a friend who said he would refund it in less than one week".
    Click here for details


    Public Statement 16th Oct. 2009
    Further to the recent regulatory action taken by the Central Bank of Nigeria (CBN) in respect of Bank PHB Plc, Spring Bank Plc, Unity Bank Plc, Wema Bank Plc and Equitorial Trust Bank Ltd, the CBN wishes to make these clarifications:Click here for details

    Public Statement on Bank Debtors
    In furtherance of the effort by the Central Bank of Nigeria (CBN) to assist the banks affected by the outcome of the recent CBN/NDIC Special Examination, we publish herewith the list of non-performing loans of N100m and above for Bank PHB, Spring Bank, Unity Bank, Wema Bank and Equitorial Trust Bank as at June 30, 2009. Click here for details

    Press Statement on the Outcome of Special Examination of 14 Banks

    In furtherance of the Central Bank of Nigeria's statutory duty to ensure a sound financial system in the country, the Governor of the Central Bank of Nigeria (CBN) ordered the Special Examination of all the 24 banks operating in Nigeria. The result of the Special Examination of the first set of 10 banks was made known on 14 August 2009. The CBN wishes to announce that the joint CBN-NDIC examination teams have completed the Special Examination of the remaining 14 banks- and as such the books and affairs of all 24 banks in the Nigerian banking system have now been examined.
    Click here for more details

    Questions and Answers on The Examination of 14 Banks

    FAQ on the recent CBN intervention involving 5 banks

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  • Greece budget veto 'impossible'

    Athens rejects outright German proposals for an EU power of veto over the Greek budget, with a minister threatening to quit over the issue.

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    IMF issues austerity cuts warning

    Inappropriate spending cuts could "strangle" growth, so austerity measures should be tailor-made by each country, the head of the IMF warns.

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    Facebook 'prepares to go public'

    Facebook will begin the process of becoming a publicly-listed company this week, valuing the social networking site at between $75bn and $100bn, reports suggest.

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    Davos ends with economic doubts

    The eurozone crisis could be under control at last, according to the leaders at the World Economic Forum, but there is plenty of uncertainty ahead.

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    Davos 2012: Who's afraid of China?

    Davos comes to terms with a new global power

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    Davos 2012: Where to invest this year?

    'Gambling' with some of the world's top investors

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    VIDEO: Tupperware boss gives Davos advice

    Davos veteran Rick Goings, boss of Tupperware, offers "dos and don'ts" for first-time visitors to the World Economic Forum.

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    Bangladesh signs India power deal

    India and Bangladesh sign a deal to build a plant to address Bangladesh's power shortages, despite opposition from environmentalists.

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    US economic growth rate picks up

    The pace of US economic growth quickened to a 2.8% annualised rate in the three months to December, the Commerce Department says.

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    Spain jobless passes five million

    Spain's unemployment figure rose above the five million mark in the last quarter of 2011, official figures show.

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  • Stocks face headwinds next week

    The stock market is off to a good start this year, but next week brings a host of potential pitfalls that could slow the recent momentum.

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    SEC to step up scrutiny of private equity firms

    The private equity world is struggling to stay in the shadows.

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    FDA blocks orange juice shipments from Canada

    The Food and Drug Administration said Friday that it had detained orange juice shipments from Canada after they tested positive for low levels of a banned fungicide previously found in Brazilian juice. The FDA announced earlier this month that it would begin testing foreign orange juice shipments for the presence of the fungicide carbendazim before allowing them to enter the country. On Friday, the agency said that among 80 shipments from around the world it tested so far, six from Canada and five from Brazil had tested positive. The samples that have tested positive so far had carbendazim levels of between 10 and 52 parts per billion. The Environmental Protection Agency says carbendazim levels under 80 parts per billion do not raise safety concerns.

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    The anti-Kodak: Eastman Chemical

    It is every parents' dream that their children enjoy a better life than they have. I am not sure if that's also true for parent companies and their offspring.

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    Don't blame ETFs for wild market swings

    Are exchange-traded funds a prime culprit in one of the signature afflictions of the markets today -- the tendency of huge swaths of stocks or other assets to swing dramatically up or down at the same time? Critics are pointing their fingers at ETFs. But evidence for their nefarious role is lacking.

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    What's behind Netflix's 22% spike?

    Netflix is the highest flying stock on the S&P 500 Thursday, but was its fourth-quarter earnings report enough to justify a 22% run up in the stock?

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    Portugal under pressure, but default unlikely

    Portugal has come under heavy pressure in the bond market this week as investors fear the nation could be the next domino to fall in the eurozone debt crisis.

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    Apple tops Exxon as most valuable company

    Apple nudged out oil giant Exxon Mobil early Wednesday to become the most valuable publicly-traded company in the world.

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    The shrinking private equity world

    The notoriously private private equity industry can't escape the glare of the spotlight these days, but the more immediate issue facing the industry is a lack of funding.

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    With $97.6 billion, Apple has more cash than ...

    Apple has nearly $100 billion in cash. $97.6 billion to be precise. That is a lot of iDough. Even for Warren Buffett. Perhaps it's time for Apple to, I don't know, use some of it?

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  • Trading Week Outlook: Jan. 30 - Feb. 3

    Jan. 29, 2012 (Allthingsforex.com) – With the EU Summit Part 6 to save the euro and the U.S. Non-Farm Payrolls taking the center stage, the week ahead could prove crucial for the future fate of the single currency, while it could also offer more clarity on how the market plans to price Fed monetary policy expectations. In preparation for the new trading week, here is the outlook for the Top 10 spotlight economic events that will move the markets around the globe.  1.    EUR-

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    Euro ends week with strong gains despite Fitch downgrade of five euro zone nations

    On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland's credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from AA+, Cyprus was downgraded to BBB- from BBB and Slovenia was cut to A from AA-.

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    Euro Breaks Higher as Greek Talks Progress

    The Euro continued its march higher as progress continues to be made in relation Greece and the debt swap deal with private creditors. The past week has seen Greek officials take part in negotiations with creditors represented by the International Institute of finance. The debt swap deal had reached a stalemate earlier this week when private creditors expressed their reluctance to accept rates deemed necessary by EU officials. However, reports from Greek officials suggest an agreement is close

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    Fresh air

    The United States get back their color... And the markets some spirit The euro rebounds Pressures tended to ease in the financial markets last week. In the eurozone, the recession is likely to be much shorter and milder than we feared (flash estimate of Q4 GDP to be published on 15 February). According to the January PMI survey, activity is already picking up again. The recovery should make it easier to pursue programs to consolidate public finances in the region. A worst-case scenario may

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    Markets fall amid worries about Greek debt deal

    Despite showing gains in early trade on Friday, European stocks began falling before a meeting between Greek PM Lucas Papademos and the head of the Institute of International Finance Charles Dallara, scheduled for 16:30 GMT. The officials will continue negotiations on the debt swap, with the objective to finalize the deal with private creditors as soon as possible. According to comments made by Deutsche Bank CEO Josef Ackermann private Greek bondholders might be willing to accept a 70%

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    Today's Q4 GDP will probably be 3%

    Outlook: Today’s Q4 GDP will probably be 3%, according to the Bloomberg survey, after 1.8% in Q3 and led by household spending (up 2.4%), including autos. A good report sets the stage for ongoing recovery in most financial markets and “allows” the FX market to lift “risky” currencies like the AUD and euro. Something is going on in the yen that we don’t understand and seemingly, nobody else does, either. When in doubt, we tend to fall back on the interest rate differential explanation for

    Read More

    Two words for delusional China bulls: 'PER CAPITA'

    When I hear someone mention China in the midst of a political discussion aimed at understanding our future economic path, I shake my head. There are very real reasons to give China's economy lots of press. What they have accomplished over the last 30 years -- major reform and a relatively more open economy -- is worthy of recognition. Even the fact that they've been able to maintain a decently high pace of growth through one of the toughest economic times the world can remember deserves some

    Read More

    Today's Live Show: Big Week ahead for the EUR and the USD

    Forex traders, join the daily All Things Forex broadcast- a live one hour program covering Forex and major economic events, trend developments,research, analysis, ideas, education, live traders forum, interviews with some of the most respected names in the trading world, and much more.. In the broadcast today: Big Week ahead for the EUR and the USD. In preparation for the new trading week, we explain why next week could be crucial for the future fate of the EUR and the USD, we list the Top 10

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    US Dollar weakness is flattering the Euro

    Today's Highlights US GDP data dominates FX Market Overview When David Cameron refused to join the other 26 European nations in pushing through a hefty taxation plan, he was roundly condemned for isolating Britain and leaving us vulnerable. The rule appears to be that you don’t walk away from the negotiations unless you know the others will follow you or try to draw you back in. It would seem Mr Cameron is having a number of last laughs as credit ratings are downgraded across Europe, Germany

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    Euro rises after Italian debt sale, amid Greek-creditors talks

    The European common currency continued its advance for the fifth day against the greenback, trading around five-week high on Friday trading, amid Greek-creditors talks, after another successful bond selling in Italy. Still, there is optimism in markets after the Fed's pledge to keep borrowing cost at its low level through late 2014 and said policy makers are considering more asset purchases to bolster the economy.  After the successful bond selling yesterday by the Italian government

    Read More


 

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    1/30/2012 Forecast

    High: 101 F Low: 65 F Hot with sunshine

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  • Currently: Clear: 88F

    Currently in BORNO, NIGERIA (*): 88 F and Clear

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    1/29/2012 Forecast

    High: 105 F Low: 65 F Sunny and very hot

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    1/30/2012 Forecast

    High: 105 F Low: 66 F Sizzling sunshine and very hot

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  • Currently: Partly Cloudy: 91F

    Currently in GOMBE, NIGERIA (*): 91 F and Partly Cloudy

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    1/29/2012 Forecast

    High: 104 F Low: 70 F Partly sunny and hot

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    1/30/2012 Forecast

    High: 104 F Low: 67 F Hot with plenty of sunshine

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  • Currently: Clear: 91F

    Currently in BAUCHI, NIGERIA (*): 91 F and Clear

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    1/29/2012 Forecast

    High: 103 F Low: 66 F Hot with sunshine

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    1/30/2012 Forecast

    High: 100 F Low: 67 F Hot with bright sunshine

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  • Currently: Clear: 86F

    Currently in KADUNA, NIGERIA (KADUNA): 86 F and Clear

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    1/29/2012 Forecast

    High: 101 F Low: 62 F Partly sunny and hot

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    1/30/2012 Forecast

    High: 98 F Low: 60 F Sunny to partly cloudy and hot

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  • Currently: Clear: 91F

    Currently in KEBBI, NIGERIA (*): 91 F and Clear

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    1/29/2012 Forecast

    High: 104 F Low: 68 F Partly sunny and hot

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    1/30/2012 Forecast

    High: 100 F Low: 66 F Hot with brilliant sunshine

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  • Currently: Clear: 87F

    Currently in ADAMAWA, NIGERIA (*): 87 F and Clear

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    1/29/2012 Forecast

    High: 100 F Low: 65 F Decreasing clouds; summerlike

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    1/30/2012 Forecast

    High: 100 F Low: 65 F Mostly sunny and summerlike

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  • Currently: Clear: 89F

    Currently in Taraba, NIGERIA (Adamawa): 89 F and Clear

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    1/29/2012 Forecast

    High: 104 F Low: 63 F Sunny and hot

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    1/30/2012 Forecast

    High: 102 F Low: 64 F Sunny and very warm

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  • Currently: Clear: 89F

    Currently in BENUE, NIGERIA (*): 89 F and Clear

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    1/29/2012 Forecast

    High: 99 F Low: 73 F Hot with decreasing clouds

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    1/30/2012 Forecast

    High: 95 F Low: 73 F Sunny

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  • Currently: Mostly Clear: 84F

    Currently in KOGI, NIGERIA (*): 84 F and Mostly Clear

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    1/29/2012 Forecast

    High: 93 F Low: 67 F Sunny and very warm

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    1/30/2012 Forecast

    High: 92 F Low: 67 F Partly sunny

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  • Currently: Thunderstorms: 81F

    Currently in OSUN, NIGERIA (*): 81 F and Thunderstorms

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    1/29/2012 Forecast

    High: 92 F Low: 73 F Cloudy with a t-storm or two

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    1/30/2012 Forecast

    High: 92 F Low: 71 F A thunderstorm or two

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  • Currently: Intermittent Clouds: 87F

    Currently in OGUN, NIGERIA (*): 87 F and Intermittent Clouds

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    1/29/2012 Forecast

    High: 99 F Low: 69 F Partly sunny with a shower

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    1/30/2012 Forecast

    High: 95 F Low: 70 F Partly sunny

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  • Currently: Cloudy: 82F

    Currently in IMO, NIGERIA (*): 82 F and Cloudy

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    1/29/2012 Forecast

    High: 90 F Low: 74 F A thunderstorm or two

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    1/30/2012 Forecast

    High: 90 F Low: 74 F Some sun, a t-storm or two

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  • Currently: Partly Cloudy: 87F

    Currently in ENUGU, NIGERIA (*): 87 F and Partly Cloudy

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    1/29/2012 Forecast

    High: 94 F Low: 72 F More sun than clouds

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    1/30/2012 Forecast

    High: 93 F Low: 72 F Partly sunny

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  • Currently: Clear: 86F

    Currently in KWARA, NIGERIA (*): 86 F and Clear

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    1/29/2012 Forecast

    High: 101 F Low: 64 F Mostly sunny and summerlike

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    1/30/2012 Forecast

    High: 100 F Low: 62 F Sunshine and unseasonably hot

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  • Currently: Mostly Clear: 87F

    Currently in NASSARAWA, NIGERIA (NASSARAWA): 87 F and Mostly Clear

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    1/29/2012 Forecast

    High: 98 F Low: 71 F Mostly sunny and hot

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    1/30/2012 Forecast

    High: 95 F Low: 69 F Mostly sunny and very warm

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