Banking Local CBN raises Cash Reserve Ratio to 27.5% January 25, 2020 Ekemini The Central Bank of Nigeria has raised the Cash Reserve Ratio from 22.5 per cent to 27.5 per cent. Briefing the press after the first Monetary Policy Committee (MPC) meeting…
Tips Tax experts urged to leverage opportunities in Finance Act January 25, 2020 Ekemini Tax practitioners have been urged to leverage the many opportunities that abound in the new Finance Act. For instance, under the Finance Act, Micro Small and Medium-scale Enterprises (MSMEs), do…
Banking Local Banking sector gross credit grows by N2trn in 7 months — Emefiele January 25, 2020 Ekemini The Central Bank of Nigeria governor, Godwin Emefiele (CBN) says the Banking Sector Gross Credit has grown by two trillion nairas in seven months. The CBN Governor, Mr Godwin Emefiele…
Banking Local Central Bank of Nigeria appoints directors January 24, 2020 Ekemini The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors. A statement from the CBN on Thursday said Mr. Yusuf Philip Yila, a Director with…
World History shows China’s coronavirus impact on markets likely to be short-lived January 24, 2020 Ekemini As China’s Wuhan virus spreads, it is expected to continue slamming Chinese and other financial markets, but economists say it may ultimately have more impact on sentiment than be a…
Local BUA, Seplat, Dangote Cement lift NSE Index higher by 0.5% January 24, 2020 Ekemini The equities market on the Nigerian Stock Exchange, NSE ended today’s session Thursday in the green as the All Share Index, ASI gained 45 bases points, bps or 0.5 to…
World ‘Taxpayers are leaving millions of dollars off their returns.’ Why Americans repeatedly overlook this lucrative tax credit January 24, 2020 Ekemini The Earned Income Tax Credit is designed to act as a cash infusion to low-income families. In fact, some experts have called it “one of the largest and most studied…
Investing Local Dangote Foundation empowers 34,000 women in Katsina January 24, 2020 Ekemini THE Aliko Dangote Foundation (ADF) has empowered no fewer than 34,000 vulnerable women from all the 34 local governments in Katsina State from a N10 billion micro-grant set aside for…
Investing Local DFID spends £250m yearly on gender equality programmes January 24, 2020 Ekemini The Department for International Development (DFID), said it invests £250 million yearly for the promotion of programmes anchored on gender equality because it is golden, the Deputy Head of the…
Business Local Buhari directs trade minister to set up agro-allied industry in 36 states January 23, 2020 Ekemini The President, Major-General Muhammadu Buhari (retd) has directed the Ministry of Industry, Trade and Investment to establish agro-allied industry in each state of the federation. The Minister of State for…
Local BUA, Seplat, Dangote Cement lift NSE Index higher by 0.5% January 23, 2020 Ekemini The equities market on the Nigerian Stock Exchange, NSE ended today’s session Thursday in the green as the All Share Index, ASI gained 45 bases points, bps or 0.5 to…
Tips Analysts predict decline in T-bills, bond yield January 23, 2020 Ekemini Analysts at Cordros Capital Limited have said yields on Treasury bills and bonds are expected to decline by about 100 to 150 basis points. The Head of Research, Cordros Capital,…
Business Local Refineries recorded N123.3bn loss in 10 months – NNPC January 23, 2020 Ekemini The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January to October 2019, latest figures released on Wednesday showed. An…
Banking Tips ACCA study sees low economic confidence, debt risks January 23, 2020 Ekemini A gauge of the nation’s economic confidence in the fourth quarter (Q4) 2019, showed not just a dip, but a decline below long-run average over the year, a study by…
World Oil firms to stake $30 billion on exploration this year January 23, 2020 Ekemini Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost-efficiency challenges may slip by as much as 15 per cent. The revelation contained in…
World China stocks slide 3%, leading sharp losses for Asia as coronavirus spreads January 23, 2020 Ekemini Stocks in China were hit hard in Thursday with Hong Kong and Shanghai exchanges off 2% to 3% as the spread of the coronavirus that originated in Wuhan, China, spooked…
Banking Investing Africa is resurging, AfDB encourages global investors January 23, 2020 Ekemini The African Development Bank (AfDB), yesterday, told global investors that the continent is resurging with huge investments opportunities in billions of dollars and can no longer be ignored, drawing a…
Local NSE: Market indicators sustain downtrend by 0.02% January 23, 2020 Ekemini The Nigerian equities market sustained a negative trend on Wednesday with the market indices dropping marginally by 0.02 per cent. Specifically, the All-Share Index dipped 4.55 points or 0.02 per…
Business Currency issues least of ECOWAS integration process, says LCCI January 23, 2020 Ekemini Citing the need to address key fundamental issues and non-tariff barriers affecting regional trade among Economic Community of West African States (ECOWAS) member countries, the Lagos Chamber of Commerce and…
Investing Local Farmers to kick off N9 billion moringa plantation January 22, 2020 Ekemini Moringa farmers in partnership with a Nigerian firm has disclosed plans to flag off an N9billion Moringa oleifera farming plantation nationwide, for local and export purposes, and to also tackle…
World Uganda Set To Produce First Oil Barrel January 22, 2020 Ekemini The General Electric Co.-led group picked to build a $3.5 billion refinery in Uganda is close to making a final investment decision for the project, according to the country’s Ministry…
Local Law Union, Lafarge, Unity Bank lead gainers’ chart on Tuesday January 22, 2020 Ekemini The Nigerian Stock Exchange traded negatively on Tuesday as the all-share index dipped 0.83% to close at 29,462.76 index points while the bourse recorded trades in 272.84 million units of…
World Tesla crosses $100 billion stock market valuation in extended trading January 22, 2020 Ekemini Tesla Inc became the first $100 billion publicly listed U.S. carmaker in extended trading on Tuesday, in a sign of Wall Street’s confidence in an all-electric future. The milestone comes…
Banking Afreximbank announces $1-billion Adjustment Facility, Other AfCFTA Support Measures as African Leaders Meet January 22, 2020 Ekemini Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), yesterday in Niamey, addressed the 12th Extraordinary Summit of African Union (AU) Heads of State, announcing a series of initiatives…
Tips 9 Tips for Advertising Your Business to Hit Your 2020 Goals January 22, 2020 Ekemini Figuring out where you should spend your advertising dollars is never an easy task. There are times when you seem to throw money at marketing, and nothing sticks. While online…
Banking Technology Network hitches linger as slow Internet impacts banking, businesses January 22, 2020 Ekemini It appears there is no respite yet for consumers, especially those who make use of the Internet facility, as the service has remained at its lowest ebb in the last…
Banking Local Ecobank partners USAID, NIRSAL, DBN on agric funding January 22, 2020 Ekemini Ecobank Nigeria is opening up multiple partnerships with the United States Agency for International Development (USAID), Nigeria Incentive-based Risk-Sharing System for Agricultural Lending (NIRSAL) and Development Bank of Nigeria (DBN),…
Local FAAC Distribution Short of States’ Needs January 22, 2020 Ekemini The gross monthly payout by the Federation Account Allocation Committee (FAAC) to the three tiers of government amounted to N716bn (US$1.98bn) in January (from December revenue). This was an improvement…
Tips Experts outline what SMEs must do to attract fund, investors in 2020 January 22, 2020 Ekemini One of the challenges Small and Medium Enterprises (SMEs) have continued to face is access to funding. This has been a major concern for many budding entrepreneurs, and in order…
World Nigeria risks US travel restrictions as Trump set to expand blacklist January 22, 2020 Ekemini Nigeria might be included in a controversial list of seven countries that would face US travel restrictions when President Donald Trump makes public a final list on or before Monday.…
