Friday March 6th, 2015
Friday March 6th, 2015
Latest

MSMEs now have acess to machinery, working capital loans

  /   in Business 12:49 am   /   Comments

economy

Recently, the Bank of Industry took bold steps and solved an aged-long problem of the Micro, Small and Medium Enterprises (MSMEs) sectors of the economy.

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Food security: New report presents roadmap for U.S -Africa trade policies

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naira-Dollar

The Chicago Council on Global Affairs during the week released recommendations on how U.S. trade policy could advance food security in Africa and position American businesses to tap a burgeoning African agriculture and food market, which is expected to reach $1 trillion by 2030.

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Systems research offers solutions to tackle poverty, hunger — Agric Scientists

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Agric-plaintain

AGRICULTURAL scientists and researchers from over 30 nations gathered at the International Institute of Tropical Agriculture (IITA) in Ibadan during the week for the International Conference on Integrated Systems for Sustainable Intensification in Smallholder Agriculture.

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Stakeholders commend NASS on passage of Biotech Bill

  /   in Business   /   Comments

Farmers and other stakeholders in agriculture, science and technology and health sectors have commended the efforts of members of the National Assembly for passing the Bill for an Act to Establish the National Biosafety Management Agency 2014.”

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Nigeria, Indonesia, Mexico set to push UK, France out of top 10 by 2050

  /   in Business   /   Comments

Emerging economies of Nigeria, Indonesia and Mexico could push the UK and France out of the top ten economies of the world by 2050 provided they are able to build their institutions to global standards, diversify their economies and sustain growth friendly policies.

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Things that limit potential

  /   in Business 12:58 am   /   Comments

economy

Wilma Rudolph, the Olympic track and field champion of the 1960s, said, “Never underestimate the power of dreams and the influence of the human spirit. We are all the same in this notion: The potential for greatness lives within each of us.” We all have potential. God has designed each of us to do something great.

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Fidelity Bank disburses N80m MSME fund to three firms

  /   in Business   /   Comments

1000-naira-notes

Fidelity Bank has disbursed N80 million to three firms under the N220 billion Micro Small and Medium Enterprises (MSME) fund.

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Is your organisation’s strategic planning a waste of time and resources? (1)

  /   in Business   /   Comments

entrepreneurs

A Strategic Plan serves as a road map to provide direction and focus as well as to align the organizational team from board of directors and senior management to front-line leadership and employees.

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Business plan key to successful entrepreneurship

  /   in Business   /   Comments

Small-Business222

Why do many entrepreneurs who have brilliant business ideas never find the capital to transform their ideas into real life businesses? Why do most startup businesses fail to attract the loans and investments they need to grow and succeed?

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NIBSS, SystemSpecs partner FIRS on e-payment of taxes

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The Nigeria Interbank Settlement System (NIBSS) and SystemSpecs Nigeria Limited have partnered with the Federal Inland Revenue Services (FIRS) to provide electronic payment of taxes in the country.

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Latest

How about non-financial investment?

  /   in Investors Forum 7:12 pm   /   Comments

economy

In the last edition, we published some of the responses of readers to the series on “You Can Invest”. Among other things, these responses reflect that Nigerians are interested in investment, and they are willing to learn, or acquire the necessary knowledge. Some of the responses were from young people, below 25 years, which is good for the future of the country.

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Insurers are imbibing spirit of prompt claims payment

  /   in Insurance and You   /   Comments

insurance-pix

The Nigerian insurance industry is entering a new phase in the form of transformation. Accordingly, insurers are imbibing the spirit of paying claims, even as the National Insurance Commission, NAICOM, is becoming more visible in its regulatory roles to ensure that claims are paid promptly.

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Honeywell group to list subsidiaries on NSE

  /   in Insurance and You   /   Comments

Nigerian-Stock-Exchange-(NS

There are indications that Honeywell group may to invest 150 billion naira ($750 m) over the next three years to fund growth across its businesses and also list one or two subsidiaries on Nigerian Stock Exchange, NSE.

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NSC moves against participation of foreigners in freight forwarding

  /   in Business   /   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 Nigeria Shippers Council , NSC has commenced moves towards indigenisation of freight forwarding business in the country.

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NCRIB’ll continue to place premium on professionalism —Shoderu

  /   in Insurance and You   /   Comments

insurance

President of the Nigerian Council of Registered Insurance Brokers, NCRIB, Mr. Ayodapo Shoderu has said that the NCRIB will continue to place premium on professionalism in insurance broking practice and as such do all within the law to ensure that the thrust is sustained.

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The Nigerian securities industry and the 2015 national elections (3)

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Voting in session at Ophori-Olomu.during the election. Photo: Akpokona Omafuaire.

The Investments and Securities Act, ISA, 2007 is the primary law for the securities industry which law provides the framework for the regulation of the Nigerian capital market by the Securities and Exchange Commission, SEC. The Act sets out to ensure the protection of investors and the maintenance of fair, efficient and transparent market.

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Latest

Lawal is Inspen 2014 insurance man of the year

  /   in Insurance and You   /   Comments

Former President of the Chartered Insurance Institute of Nigeria (CIIN) Mr. Fatai Lawal has emerged the 2014 Inspenonline Insurance Man of the year.

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Nestle Nigeria cuts expenditure as consumers feel devaluation of naira

  /   in Business   /   Comments

Nestle Nigeria’s Chief Executive expects the firm’s capital expenditure to slow to its lowest level in five years after a currency devaluation dampened customer spending in Africa’s biggest economy.

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UBA takes banking to Facebook with U-Social

  /   in Business   /   Comments

United Bank for Africa (UBA) Plc has introduced an innovative online banking solution called U-Social, which offers flexibility and convenience to customers who desire to do banking transactions on social media using their Facebook account.

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Global insured catastrophe losses lowest for five years —Report

  /   in Insurance and You   /   Comments

DESPITE intense snowstorms in Japan, severe hail and windstorms in Europe, major flooding in parts of the UK and several aviation tragedies, global insured losses for 2014 were the lowest for five years, at roughly $33 billion, according to Guy Carpenter & Company, LLC.

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NB ventures into bitters market

  /   in Investors Forum 12:57 am   /   Comments

alcohol

Nigerian Breweries, NB Plc, NSE has said that it is venturing into the Nigeria bitters drink market with ACE Roots.

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Latest

SEC suspends rule on membership of Audit Committee

  /   in Business   /   Comments

Nigerian-Stock-Exchange-(NS

THE Securities and Exchange Commission, SEC has approved the suspension of Rule 42 (5)(e) of the Consolidated Rules and Regulations of the Commission for 90 days, effective February 25, 2015.

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Economy to double in-between elections 2015, 2019

  /   in Business   /   Comments

NGOZI OKONJO-IWEALA

Nigeria’s Gross Domestic Product (GDP) has been projected to hit N156.3 trillion by 2019 when the next general election would be in the front burner once again. This indicates that the GDP would have almost doubled from this year’s size, all things being equal. The rebased real GDP at N82 trillion for 2013 was estimated at N84.9 trillion for 2014.

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Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last week were shares of UAC of Nigeria Plc. Union Bank of Nigeria Plc, Julius Berger Nig. Plc, Access Bank of Nigeria Plc, Ikeja Hotels Plc, and Chemical and Allied Products, CAP Plc.

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Latest

Investors gain N240bn in 5 days

  /   in Business   /   Comments

investors-forum-pic

The postponed general elections may not have affected the Nigerian stock market significantly as it maintained the longest regaining streak as investors, last week, gained N240 billion in five days, just as the Naira suffered its biggest monthly fall in over five years this February, 2015 following the drop in global oil price.

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FG boosts public sector contribution to GDP with 400 infrastructure investments

  /   in Business   /   Comments

Renoroads3

In line with its plan to boost public sector contribution to gross domestic product (GDP) the federal government is pursuing an integrated approach to public sector investment in infrastructure development through the Infrastructure Concession Regulatory Commission (ICRC). FG established ICRC as an effective framework for Public Private Partnership (PPP) in Nigeria. The ICRC was subsequently inaugurated in 2008.

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Port charges: Shippers Council files for enforcement of judgment

  /   in Business   /   Comments

COURTnew

By Godfrey Bivbere The Nigerian Shippers Council, NSC, has gone back to the Federal High Court, praying the court to compel the terminal operators to comply with the earlier judgment declaring that terminal operators have no right to increase port charges. Recall that the terminal operators had ignored the judgment of the court because they

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LCCI commends Senate decision to cut NASS budget by 25%

  /   in Business   /   Comments

senate-Jonathan

The Lagos Chamber of Commerce and Industry, LCCI, has commended the Senate’s decision to cut the 2015 National Assembly (N/A) budget by 25 per cent (N37.5 billion) from N150 billion to N112.5 billion.

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Demutualisation of Stock Exchange will attract more companies

  /   in Investors Forum   /   Comments

File photo: The  floor of Stock exchange

Securities and Exchange Commission SEC, the apex regulatory agency of the Nigerian capital market, stepped up efforts for the demutualisation of The Nigerian Stock Exchange (NSE), when it issued “Exposure draft rules on demutualisation of exchanges in Nigeria.”

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NNPC to import over 1bn litres of petrol to checkmate hoarding, panic buying

  /   in Business 9:40 pm   /   Comments

Black market thrives as fuel scarcity hits Lagos. Photo: Bunmi Azeez

The Management of the Nigerian National Petroleum Corporation (NNPC) on Monday began fresh measures to halt what it described as artificially induced petrol scarcity noticeable in some parts of the country.

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Jonathan working tirelessly to create 1.8 million jobs – Okonjo-Iweala

  /   in Business   /   Comments

Finance Minister, Mrs. Ngozi Okonjo-Iweala

The Federal Government has created 1.4 million jobs in the past three years in a bid to address unemployment in the country, Dr Ngozi Okonjo-Iweala, the Minister of Finance and Coordinating Minister of the Economy, said on Monday.

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Why local investors shun e-commerce sector – report

  /   in Business   /   Comments

The Wired World: A graphic representation of the Internet

Nigerian operators in the e-commerce ecosystem have attributed the apathy of local investors to the lucrative and booming e-commerce sector to high failure rates of tech start-ups as well as fear and doubts about the viability and investment value of the sector.

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