Nigeria’s Borrowing Spree…Any Cause for Worry?
Much has been said on Nigeria’s aggressive borrowing spree from domestic and international capital markets since 2016, and deservedly so. Since the start of a prolonged global oil price drop...
View ArticleFlour Mills of Nigeria Plc. | First Glance: Q4-16/1
FLOURMILL released fourth quarter and 2016/17FY result late yesterday. Compared to the loss we expected, Q4 PBT of N179 million (vs. N1.5 billion in Q3) was reported. A net operating gain of...
View ArticleCBN Orders Return Of Unutilised Forex For SMIS Wholesale, Retail Interventions
Nigeria’s apex bank, the entral Bank of Nigeria (CBN) yesterday directed that all unutilised forex exchange (FX) be returned to it for the Wholesale Secondary Market Intervention Sales (SMIS) and...
View ArticleUBA, Access Bank, Four Others Top Banker Magazine Global Ranking
Six Nigerian banks have been ranked among the Banker Magazine’s top 25 banks in Africa in its 2017 1000 global banks’ ranking. The banks are Access Bank, United Bank for Africa, Zenith Bank,...
View ArticleSenate Draws Battleline With Osinbajo Over Magu, Suspends Further...
The Senate has suspended the confirmation of all nominees from the executive until all issues of confirmation as contained in the Constitution are adhered to. The Senate took this position...
View ArticleHouse Of Reps Summons Fashola Over Comments On Budget
The House of Representatives has summoned the Minister of Power, Works and Housing, Mr Babatunde Fashola, SAN, over comments he made about the input of the lawmakers in the 2017 Budget. The...
View ArticleOlusanya is Interim CEO as Etisalat Gets New Leadership
In a move aimed at resolving its debt crisis and attracting new investors, Etisalat Nigeria Tuesday announced the reconstitution of an interim board and executive management, naming Mr. Boye Olusanya...
View ArticleUBA Foundation deepens reading culture in Ghana
Abiola Bawuah, MD/CEO UBA Ghana and Bola Atta presenting copies of the books The United Bank for Africa (UBA) Foundation on Tuesday presented 2000 copies of literature books to the Accra High...
View ArticleSEC Approves Guinness Nigeria N39.7 billion Rights Issue
ctor, Prof Joe Irukwu; Managing Director, Mr. Peter Ndegwa; Non-Executive Director, Ambassador Sunday Dogonyaro; and Non-Executive Director, Ms Ngozi Edozien; all of Guinness Nigeria Plc, during the...
View ArticleCiti Provides N500million for Microfinance Dev
Citi Nigeria extended a loan of N500 million to Accion Microfinance Bank (Accion MFB) in Nigeria to drive and promote the development of the microfinance sector in Nigeria. This loan will fund...
View ArticleAnchor Insurance Pays N21million To Bedmate Furniture* Restates Commitment To...
L-R: Mr. Benard Duru, Group Head, Brokers’ Unit, Anchor Insurance; Mr. Mayowa Adeduro, MD/CE, Anchor Insurance; Mr.Dotun Olabanjo-Ojo, Insurance Manager, RSM Insurance Brokers Limited and Broker to...
View ArticleAnchor Insurance 2016 Financial Statements Receives NAICOM Approval* Grows...
Adeduro Mayowa *As Claims Payment Rose To N371million By Nkechi Naeche—–Top underwriter, Anchor Insurance Company Limited on Wednesday said its 2016 Financial Statements has received the...
View ArticleAfDB focuses on fashion industry to create jobs for millions of women and...
The African Development Bank (AfDB) has called for the empowerment of small and medium operators in the textiles, apparel and accessories sectors as a deliberate job creation strategy. The AfDB...
View ArticleFMDQ Launches Process for Onboarding of FX Corporate Clients as Market Ends...
The Nigerian Equities Market sustained a positive stance for the fourth consecutive month, as NSEASI closed the month of June 2017 in the green zone with +12.27% gain as against +14.52% uptrend...
View ArticleGhana: Workers demand government action – On tier II pension
Isaac Bampoe-Addo (middle) addressing the media yesterday The Forum for Public Sector Registered Pension Schemes has given the government up to the end of July to resolve all outstanding issues...
View ArticleJumia named among MIT top 50 smartest companies 2017
Jumia Group (formerly Africa Internet Group), has for the second consecutive year been named in the list of MIT’s 50 smartest companies – 2017. This year, Jumia ranks at position 44 as compared...
View ArticleFashola Replies Goje: Says Don’t Trivialize Issues Raised on Budget 2017
Mr. Babatunde Fadhola * Says I need a better budget as a tool to do my work and that is why l am speaking out – Minister The Minister of Power, Works and Housing, Mr. Babatunde Fashola SAN on...
View ArticleAMBODE SIGNS 11,034 CERTIFICATES OF OCCUPANCY IN TWO YEARS
Mr Akinwunmi Ambode, Gov. Lagos State *Vows To Stamp Out Land Grabbing In Lagois, Commissions Upgraded Land Registry Lagos State Governor, Mr Akinwunmi Ambode on Thursday said a total of 4,602...
View ArticleVAIDS is aimed at correcting Nigeria’s poor tax to GDP ratio”-Kemi Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, has explained that the newly launched Voluntary Asset and Income Declaration Scheme (VAIDS) is a credible platform put in place for defaulting Nigerian...
View ArticlePhoto News: Group Managing Director Sanlam, South Africa visit to leadership...
From left: Festus Izevbizua, Chief Financial Officer, FBNInsurance; Tunde Mimiko, Executive Director (Operations), Bode Opadokun, MD/CEO, both of FBN General Insurance; Ian Kirk, Group MD/CEO, Sanlam...
View Article