IOSCO consults on Other CRA Products and their use by market participants
The Board of the International Organisation of Securities Commissions (IOSCO) today published a consultation report titled Other CRA Products,which seeks further insight into how market participants...
View ArticleWorld Bank raises oil price forecast for 2017 to $55 per barrel
The World Bank has said is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel according to report by GNA. The report further said the world bank explained that this...
View ArticleGhana: Assets under private pension funds hit GH¢6.4 billion
Total assets under the management of private pension funds have reached GH¢6.4billion as at September this year, Baba Jamal, Deputy Minister of Employment and Labour Relations has disclosed. The assets...
View ArticleAfrican Insurance Organisation Mourns Stella Mojoko
Late Stella Mojoko With a heavy heart, the Secretary General of the African Insurance Organisation, on Tuesday announces the death of Ms. STELLA MOJOKO LEA MUSOKO, Administrative Secretary of the...
View ArticleUnilever Nigeria: Expensive! SELL!
Despite significant revenue and EBIT growth in Q3, UNILEVER recorded y/y and q/q PBT contractions, and would have posted a loss after tax, save for a tax credit (N449.8 million). The company’s...
View ArticleSlowdown in Accommodation and Food Services; Sector Contracts by -6.4% YoY in...
Today we turn our attention to Nigeria’s hotel, restaurant and quick service meal industry (also referred to as accommodation and food services). Given the macro challenges which have affected the...
View ArticleAjinomoto Buys 33% Stake In Promasidor
Japanese food and ingredients maker Ajinomoto has announced plans to buy 33 percent of Africa’s Promasidor for $532 million, the latest step on its march toward becoming a top-10 global food company,...
View ArticleNaira Down to 375.5 Over dollar
Naira weakened to a record low of 375.50 to the dollar on Tuesday on the official interbank market, according to Thomson Reuters data. The currency had briefly touched a rate of 365 on August 18 but...
View ArticleCBN licensed 35 International Money Transfer Operators
CBN logo The Central Bank of Nigeria (CBN) on Tuesday said it has licensed and authorized 35 International Money Transfer Operators to remit money to Nigeria on behalf of Nigerians in the Diaspora as...
View ArticleGhana’s NIC to prosecute offenders of Act 724
The Head of Supervision of the National Insurance Commission (NIC), Mr Kofi Andoh, has urged owners of all commercial premises, as well as those under construction to strictly comply to the Private...
View ArticleBoG, IFC to tighten banking regulations
Dr. Johnson Asiama The Bank of Ghana(BoG) has disclosed that it will soon publish a reviewed draft document designed in partnership with the International Finance Corporation (IFC), aimed at enhancing...
View ArticleGhana’s Access Bank IPO to excite local bourse
Financial Highlights The Initial Public Offer (IPO) of Access Bank Ghana shares is set to buoy trading activities on the Ghana Stock Exchange, beginning this November. Listing on stock exchanges is...
View ArticleKari is a qualified Insurer, Deseves to be Commissioner for Insurance
Classmates of Alhaji Mohammed Kari, Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Omotayo Dada and Mr. Olugbenga Falekulo have have debunked allegations by a group ‘Concerned...
View ArticleEDC Fund Management launches Mutual Funds Management launches Mutual Funds
EDC Fund Management , the Asset Management arm of Ecobank in Nigeria has announced the launch of two mutual funds – The EDC Nigeria Money Market Fund, and the EDC Nigeria Fixed Income Fund. The mutual...
View ArticleWhat a Trump victory portends for emerging markets and the local economy
Following Donald Trump’s victory in the just concluded US presidential election, we highlight below our thoughts on the implications for emerging markets and specifically Nigeria. Impact on emerging...
View ArticleTPT Wins Double as PR Agency of the Year, Most Media Friendly Agency
Adetokunbo Modupe, The Chairman, Lead Strategist, TPT InternationaL. TPT International, a foremost Public Relations Agency in Nigeria last weekend, emerged the most Media Friendly Public Relations...
View ArticleInflation to Maintain Its Upward Trajectory; to Rise to 18.2% – FDC
Our Year-on-Year (YoY) headline inflation forecast for the month of October is estimated to increase marginally to 18.2%. This is a 0.3% increase from the previous month’s rate of 17.9%. We are also...
View ArticleUnilever Nigeria: Finance Costs Surprised Negatively
Modest cut to estimates; PT unchanged Unilever Nigeria’s Q3 2016 sales were stronger than we expected. However, PBT was weak and fell c.88% short of our estimate because of a negative surprise in net...
View ArticleOPENING ADDRESS BY THE CHAIRMAN OF THE NIA, MR. EDDIE EFEKOHA AT THE ONE DAY...
Efekoha OPENING ADDRESS BY THE CHAIRMAN OF THE NIA, MR. EDDIE EFEKOHA AT THE ONE DAY WORKSHOP ON RISK BASED SUPERVISION ON TUESDAY, NOVEMBER 8, 2016 AT NEM HOUSE, IKORODU ROAD, LAGOS. Distinguished...
View ArticleCBN Releases Consumer Protection Framework for Banks and Other Financial...
The Central Bank of Nigeria (CBN) in furtherance of its mandate to promote stable financial system embarked on the development of a Consumer Protection Framework (CPF) to among other things engender...
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