Saturday November 1st, 2014
Saturday November 1st, 2014
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Nigerians never learn from economic history

  /   in Finance 8:44 am   /   Comments

Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala

By OMOH GABRIEL Last Tuesday, the Minister of Finance and Co-ordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, addressed a press conference to allay the fears of Nigerians that the nation is broke. While at it, she said the government was putting in place measures to address any possible fallouts from the falling prices of

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Islamic financing’ll check graft, other vices in governance – Alawode

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ISLAMIC-BANKING

Islamic Financing will help check corruption, forgery and other vices in governance if the culture is embraced by Nigerians. This was a submission by World Bank Group Head of Islamic Finance, Finance and Global Practice, Mr. Abayomi Alawode, in an interview with Financial Vanguard in Washington.

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I spent 30 days in detention for allegedly causing buildings’ collapse — Dr Akinwunmi

  /   in Finance   /   Comments

building-Benin

Dr Wole Akinwunmi was the Chairman of Igando Community Development Association, (CDA). He served from year 2000 till 2007. Currently, he is one of the elders in the community called the G12 of Igando and has been a politician /businessman since 1986 starting from Alliance for Democracy, Action Congress and All Progressives Congress. He specialises in estate management and bore hole drilling.

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By Omoh Gabriel Group Business Editor

  /   in Finance   /   Comments

Interview-pics

By OMOH GABRIEL At the just concluded World Bank/IMF Annual Meetings,  Financial Vanguard had an interview with Mr. Abayomi Alawode a Nigeria, who is the Head Islamic Finance and Financial Systems Global Practice at the World Bank Group. He spoke on how Islamic Finance can help in the war against poverty and SME development. He

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MPC not tackling root cause of excess liquidity —CBN Dep Gov

  /   in Finance   /   Comments

Mr Godwin Emefiele answering questions  during his screening by the Senate for  Central Bank Governorship in Abuja on Wednesday

Deputy Governor, Central Bank of Nigeria (CBN), Mr. Adelabu Adebayo has called on the Monetary Policy Committee (MPC) to adopt new methods of addressing the problem of excess liquidity in the banking industry, saying that the methods adopted so far have been focused on the symptoms and not the root cause of the problem.

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CBN revs up forex intervention to save Naira

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1000-naira-notes

The Central Bank of Nigeria (CBN) last week stepped up its intervention in the foreign exchange market in order to halt the depreciation of the naira in the interbank market.

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NEPC, NAHCO, others collaborate to tackle challenges of fresh food export

  /   in Finance   /   Comments

A fully loaded truck in one of the inland dry ports in the sub-region, will be delayed, harassed for bribes by the numerous security agents along the region’s transport corridor before it gets to its destination.

The Nigerian Export Promotion Council (NEPC) in collaboration with Nigerian Aviation Handling Company Plc (NAHCO) and the Nigerian Agricultural Quarantine Service (NAQS), weekend, identified some challenges facing export of fresh food and possible solution.

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Learn Africa’s profit soars by 107

  /   in Finance   /   Comments

Africa

Learn Africa Plc, formerly, Longman Nigeria Plc has declared a net profit of N10.1million for the third quarter, Q3 period ended September 30th, 2014, representing an increase of 107 per cent over the N132.3million loss recorded in the corresponding period of 2013.

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Railway workers demand global best practice in container safety

  /   in Finance   /   Comments

Travellers for the Osun state free ride to Osogbo in Lagos, yesterday.

Workers of the Nigerian Railway Corporation, NRC have called on the federal government to adopt and implement globally acceptable standard in container safety across intermodal transport chain in Nigeria.

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Tobacco regulation and socio- economic implication

  /   in Finance   /   Comments

smoke

Public discourse about the effect of tobacco in Nigeria in recent time suggests that the best way to end health risk associated with tobacco product is to so stop tobacco companies from producing. This however may lead to other consequence including loss of revenue to the government, unemployment and other societal costs. Meanwhile smokers will still get the products through a variety of sources although at a higher cost.

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FIIRO seeks implementation of policies on MSMEs

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Business

The Director-General of Federal Institute of Industrial Research Oshodi, (FIIRO) Dr. Gloria Elemo, has called for full implementation of all programmes and policies of government with respect to Micro, Small and Medium Enterprises, MSMEs, if growth and development of the sector will be realised.

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How to own houses under Lagos mortgage scheme

  /   in Finance   /   Comments

A Housing Estates in Lagos

A total of 418 homeowners have so far emerged under the Lagos Home Ownership Mortgage Scheme (Lagos HOMS) with 34 winners emerging at the 8th edition of the monthly draw of the scheme recently held by the Lagos Mortgage Board.

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OLX’s innovation in trade exchange redefines online marketplace

  /   in Finance   /   Comments

Online Exchange, OLX is one of Nigeria’s classified advertisers that also provides opportunities for people to buy and sell using the internet.

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New Kano airport terminal achieves 35% completion

  /   in Finance 8:14 pm   /   Comments

The New Terminal under construction at the Mallam Aminu Kano International Airport has reached 35 per cent completion stage and this is coming on the heels of the Federal Airports Authority of Nigeria, FAAN, showcasing the airport remodeling project at the 9th Abuja International Trade Fair.

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Osun willing to partner with organisations to aid development – Akere

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Aregbosola

The State of Osun Commissioner for Information and Strategy, Hon. Sunday Akere has said that the State Governor, Ogbeni Rauf Aregbesola is willing to identify with individuals and organisations that could aid the state’s developmental drive.

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Shoptomydoor, Visa, partner to boost e-commerce in Nigeria

  /   in Finance   /   Comments

The Wired World: A graphic representation of the Internet

Shoptomydoor and payment processor, Visa have entered into a partnership to facilitate seamless transaction for Nigerians who shop from international merchants in the UK, US and China.

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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

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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

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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 

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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

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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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