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Nigerian Economic Summit 2016: Made in Nigeria as panacea for economic recovery

As the Nigerian Economic Summit Group, NESG has concluded arrangements to host this year’s summit, it is expected that both Government officials and array of private sector chieftains across the sectors of the economy would grace the occasion to discuss issues affecting the economy and provide panacea to addressing the economic challenges facing the country.

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Lagos youths besiege Gov’s Office for job

Unemployed Nigerian youths and job creation

When there was oil boom and a somewhat stable economy, the issue of unemployment was a very big problem. Now that Nigeria is experiencing economic crisis, one wonders what the hope of the teeming unemployed Nigerian youths would be. Nigeria’s economy has been hurting on account of the drop in oil prices at the international oil market. All oil producing countries around the globe are feeling the impact of the historic fall in the price of crude oil.

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Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele

CBN injects N2trn intervention funds in 7 years, creates 6.2 million jobs

Central Bank of Nigeria has in the last seven years injected about N2 trillion into the economy in its various intervention schemes. The interventions funded about 1,686 projects which have created a total of 6.2 million jobs in agriculture, industry, aviation among others. An industry report on CBN interventions sighted by Financial Vanguard showed that the interventions of the CBN into the economy were directed at diversifying the economy, job creation and promotion of inclusive growth.

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Chris Low, GMD, Letshego holdings

We want to make financing more accessible – Letshego

I will start with the opportunity, the size of the market, the size of the under-served in this market which is 37 million, about 18 times the population of Botswana, the opportunity is very large. Secondly, we saw a large number of micro-finance businesses doing similar things without any differentiation which we think would be an opportunity to bring to the market, whether it is in the education, health or agriculture and we do low income housing.

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Banking, conglomerates boost stock market turnover by 85.8%

The Banking and Conglomerates sub sectors on the Nigerian Stock Exchange, NSE, last week boosted the stock market turnover by 85.83 per cent. Specifically, a turnover of 1.183 billion shares worth N10.300 billion in 16,522 deals were traded last week by investors on the floor of the exchange in contrast to a total of 1.115 billion shares valued at N13.817 billion that exchanged hands penultimate week in 16,083 deals.

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Leadway, Total sign pact on third party motor insurance cards sale

Leadway Assurance Company Limited has signed Memorandum of Understanding with Total Nigeria Plc to deepen insurance penetration in the country. The Memorandum of Understanding signed in Lagos by the Executive Director General Business, Leadway Assurance, Ms Adetola Adegbayi who represented the Managing Director/CEO, Oye Hassan-Odukale and Territorial Sales Manager (North), Total Nigeria Plc- Muftau Balogun representing the Managing Director Total Nigeria Plc, Jean-Philippe Torres, allows for Leadway’s insurance products and services to be made available in some designated Total Service stations across the country.

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PRESENTATION - From right: President of the Chartered Insurance Institute of Nigeria, CIIN, Lady Isioma Chukwuma, presenting a plaque on behalf of the institute to the Deputy Governor of Ogun State, Mrs Yetunde Onanuga during the 2016 insurance professionals’ forum in Abeokuta, Ogun state.

NAICOM to partner States on compulsory insurance

The National Insurance Commission (NAICOM) has mapped out plans to sign memorandum of understanding with State governments across the country for enforcement of compulsory insurance. Commissioner for Insurance, Alhaji Mohammed Kari, at a meeting with staff of the Commission in Abuja recently, said the insurance industry need to think out of the box to ensure that the compulsory insurance is enforced across the country.

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File: An-estate-in-Abuja

What you should know about mortgage

A mortgage is a lien on a property/house that secures a loan and is paid (interest and principal) in installments over an agreed period of time. The mortgage secures your promise that you’ll repay the money you’ve borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. It is essential you select the one that is right for you, your future plans, and your financial situation.

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Business condition worsens as PMI falls to record low

Nigeria’s private sector economy was firmly entrenched in a downturn during August, according to readings from Stanbic IBTC Purchasing Managers’ Index, PMI. The survey indicated that business conditions worsened for the sixth time in seven months, and at the sharpest pace in the survey’s history. Output fell substantially, with firms reporting a lack of new work, particularly from abroad.

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Under priced equities: Fidelity Bank CEO urges investors to take advantage

The Managing Director/ CEO of Fidelity Bank, Mr. Nnamdi Okonkwo, has called on investors to take advantage of the current low prices of stocks in stock market to boost their income. According to him, “It is better to invest when prices are low. Despite the strong fundamentals of the listed companies on the NSE, their shares are highly discounted due to weak demand at the stock market.

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