Sunday October 26th, 2014
Sunday October 26th, 2014
Latest

Heritage Bank & Enterprise Bank: Acquisition that defied industry standard

  /   in Finance 12:57 am   /   Comments

Banking-and-finance-page-1-

On Wednesday 15th of October, financial journalists anxiously awaited a statement or announcement from the Asset Management Corporation of Nigeria (AMCON) concerning the sale of Enterprise Bank to HBCL Investment Services Limited (HISL). The day marked the end of the deadline for the HISL, promoted by Heritage Bank Company Limited (HBCL), to pay the 80

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CIS advocates development of multiple exchanges

  /   in Finance   /   Comments

Unlike the Stock market, Forex trading is Online

The Chartered Institute of Stockbrokers, CIS has called on its its members to initiate plans to develop multiple exchanges as a way of developing the capital market and the economy in general.

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Aganga commends BoI’s contributions to industrial growth

  /   in Finance   /   Comments

Aganga...our laws are friendly, just that investors are not even aware

The Minister of Industry, Trade and Investment, Olusegun Aganga, has extoled the contributions of Bank of Industry (BoI) to industrial growth in Nigeria.

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We are not legislating total ban on tobacco — Senate

  /   in Finance   /   Comments

The Senate

The Chairman, Senate Committee on Health, Senator Ifeanyi Okowa has said that the National Tobacco Control bill, NTCB is not meant to ban or chase away legal tobacco companies, but to regulate manufacturing, consumption and promotion of tobacco products in Nigeria. Meanwhile the British American Tobacco Nigeria, BATN has called for balanced regulation.

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NASD allows investors to buy, sell unlisted shares in organised manner — Ajomale

  /   in Finance   /   Comments

Bola-Ajomale

Mr. Bola Ajomale is the Managing Director/CEO NASD Plc, a promoter of a trading network that eases secondary market trading of shares of unquoted public companies in Nigeria. He recently Ajomale, in company of some of the company’s management team, paid courtesy visit to Vanguard, during which he highlighted the roles of the exchange and steps it is taking to boost activities in NASD, especially in the area of organising the market in a transparent manner and curbing malpractices.

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Lagos deploying technology to ease homeownership 

  /   in Finance   /   Comments

Vintage-eSTATE

The Lagos State government is adopting the use of technology in several ways with the aim of boosting homeownership for residents of the state.

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FG, others share N5.92trn in 9 months

  /   in Finance   /   Comments

1000 naira notes

The three tiers of government shared N5.92 trillion from January to September through the monthly statutory allocation.

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Tourism can achieve the Nigeria of our dreams — NTDC

  /   in Finance   /   Comments

The Nigerian Tourism Development Corporation (NTDC), said weekend, that tourism can help the country achieve the Nigeria of its dreams.

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FG approves N220bn for National Techno-entrepreneurs scheme

  /   in Finance   /   Comments

Jonathan

The Federal Government has announced the approval of N220 billion intervention Funds to support the over 120 youths that successfully went through the pilot phase of the Federal Institute of Industrial Research Oshodi, FIIRO, National Techno-entrepreneurs Initiative training.

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Symrise to invest N100m in Nigeria subsidiary

  /   in Finance   /   Comments

economy

Symrise, a global supplier of fragrances, flavourings, cosmetic active ingredients and raw materials as well as functional ingredients, has said that it will invest about €500,000 translating to N104.5m in its Nigeria subsidiary.

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Enforce compulsory building insurance laws, expert advocates 

  /   in Finance   /   Comments

building-Benin1

An expert has called for full implementation of insurance laws regulating the construction and building industry in Nigeria, to check incidence of building collapse in the country.

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SMEs in Nigeria still lagging behind — Ohuabunwa

  /   in Finance   /   Comments

Africa

Chairman, African Centre for Business Development Strategy and Innovation (ACBDSI) Mazi Sam Ohuabunwa, has decried slow pace of growth of SMEs in Nigeria when compared to other countries in the continent.

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FEMA takes count of displaced persons for relief materials

  /   in Finance 9:03 pm   /   Comments

BOKO-WOMEN

The FCT Emergency Management Agency, FEMA has identified some Internally Displaced Persons, IDPs camp at Sabon Kuchingoro, a suburb of the Federal Capital Territory and commenced head count for onward distribution of relief materials to them.

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Nigeria can survive if it markets itself well — NIMN boss

  /   in Finance   /   Comments

The President and Chairman- in-Council of the National Institute of Marketing of Nigeria, NIM, Ganiyu Koledoye, said Nigeria can survive if it markets itself well to the world.

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Promotional items branding gaining ground in Nigeria — Dugo CEO

  /   in Finance   /   Comments

The Chief Executive Officer, Dugo, a brand promotion items company, Mrs. Ngozi Nzegwu said the use of promotional items is gaining momentum in the marketing mix in Nigeria

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World Bank to ensure Africa’s growth translates to low poverty

  /   in Finance 12:45 am   /   Comments

Jim

I’ve got three topics that I’d like to talk about and then I’ll take your questions. I’ve just come from a meeting focused on the Ebola epidemic and we had an extremely productive discussion. We had president Konde from Guinea with us and we had President Johnson Sirleaf and President Koroma on video conference.

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Remittances to Nigeria to hit $21bn by year end

  /   in Finance   /   Comments

naira-Dollar

The World Bank Group has projected that Nigeria will in 2014 receive an inflow of $21 billion as remittances from Nigerians living and working abroad. This figure will place Nigeria as the top receipt of foreign remittance in Africa. Nigeria will be followed by Egypt with a projected remittance of $18 billion.

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Long-term financing: FG to float Infrastructure Development Bank

  /   in Finance   /   Comments

Okonjo-Iweala

The Minister of Finance and Coordinating Minister of the economy, Dr Mrs Ngozi Okonjo-Iweala has disclosed on the sideline of the IMF/World Bank Group Annual Meetings in Washington that the Federal Government’s new economic thrust has been to efficiently channel the country towards becoming a non-oil economy by the time the on-going transformations embarked by the present administration get to an end.

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FMBN plans to disburse N48bn NHF loan

  /   in Finance   /   Comments

Federal Mortgage Bank of Nigeria (FMBN) is planning to disburse about N48 billion loans from the National Housing Fund (NHF) to 10,596 applicants nationwide.

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NEPC partners USAID to create 340,000 jobs from cashew export

  /   in Finance   /   Comments

cashews

No fewer than 340,000 new jobs would be created in the next five years with the implementation of a new Cashew Export Strategy Programme initiated last week in Lagos by the Nigerian Export Promotion Council, NEPC, the National Cashew Association of Nigeria and USAID/NEXTT.

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From boom to gloom or doom –the story of oil (1)

  /   in Finance   /   Comments

CRUDE-OIL

Crude oil has always been slippery stuff – good when under control; destructive when out of control. Crude oil is about to destroy the Nigerian economy faster then Boko Haram or even Ebola.

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How tech start-ups can attract investors

  /   in Finance   /   Comments

Hi-Tech-accesories

Access to capital is one of the greatest challenges that confront entrepreneurs. In the technology space, capital is even more critical because the extent of skills and other technology investment considerations required are enormous, and fundamental.

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The Basic Guide to Starting your Business Part 1

  /   in Finance   /   Comments

Tomatoes market

The term business denotes a particular trade or profession designed to provide goods and/or services to consumers. And in like vein, any organization which provides these services is also referred to as a ‘Business’. Businesses play a vital role in the life and culture of countries with capitalist and free-market economies.

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US mortgage rates slide continues

  /   in Finance   /   Comments

Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.

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Wing Towers: Redefining Nigeria’s business environment

  /   in Finance   /   Comments

economy

A consortium, comprising Oando Plc, Argentil Asset Management, Standard Bank and RMB Westport, is set to deliver a twin tower office complex with state of the art features, christened, The Wing Towers, on Ozumba Mbadiwe Avenue, Victoria Island, Lagos.

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NIPOST intercepts goods worth N13.647bn in 9 months

  /   in Finance 12:42 am   /   Comments

NIPOST3

The Nigerian Postal Services said it has intercepted about 159 scam letters containing counterfeit financial instruments and other prohibited items worth N13.647 billion within the past nine months.

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Investors lose N463 bn in 3 months as market nosedives

  /   in Finance 1:11 am   /   Comments

File photo: The  floor of Stock exchange

Equity trading on the Nigerian Stock Exchange, NSE recorded a marginal downturn in the third quarter of 2014, with market indicators, market capitalisation and All Share Index dropping 3.3 per cent each, a situation market operators attributed to political uncertainty and insurgency.

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IMF meeting: C’wealth ministers focus development funding beyond 2015

  /   in Finance   /   Comments

naira-Dollar

Dr Mansur Muhtar, former Nigerian Finance Minister and an Executive Director at the World Bank will brief Commonwealth Finance Ministers on ideas for funding social and economic development on the sideline of the 2014 IMF/World Bank Annual Meeting in Washington.

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SEC tasks emerging economies on SMEs development

  /   in Finance   /   Comments

Ms Arunma Oteh, DG, SEC

Director General of the Securities and Exchange Commission (SEC), Arunma Oteh has advised governments in the emerging economies to focus more on Small and Medium Enterprises development as a way of creating more jobs and improving the standards of living of their citizens.

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Lagos veg fest to create vast opportunities for SMEs

  /   in Finance   /   Comments

vegetable

Organisers of Lagos Veg Fest (LVF), weekend, announced plans to hold its event and create business opportunities for Small and Medium Enterprises (SMEs) in the country.

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Brent crude on brink of bear market amid global supply

  /   in Finance   /   Comments

File Photo: Crude Oil

Brent crude traded on the brink of a bear market on speculation that Saudi Arabia will maintain output amid swelling supplies from the U.S. and Russia and signs of slowing demand.

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NDIC to review PMBs’ insurance coverage, premium assessment

  /   in Finance   /   Comments

Nigeria Deposit Insurance Corporation has revealed plans to increase the deposit insurance coverage for customers of Primary Mortgage Banks (PMBs) in the country as well as review the premium assessment of the PMBs.

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