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Total denies plans to exit Nigeria

TOTAL Nigeria PLC, said it has no plans to leave Nigeria.

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How Tony Elumelu Foundation is creating an integrated entrepreneurial ecosystem

THE Tony Elumelu Foundation (TEF) is one of the largest private philanthropic organizations in the Africa. It was established in 2010 to encourage and empower entrepreneurs, promote thought leadership and create an integrated entrepreneurial ecosystem that drives African entrepreneurship. Since it was founded, the TEF has catalyzed the development of entrepreneurs and innovators in Africa.

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2017: recession presents opportunities for MfBs

This is because recession provides ample opportunity for the microfinance industry to grow their income and expand their scope. Managing Director/Chief Executive Officer, Ospoly Microfinance Bank, Mr. Femi Fapohunda, said these in a chat, stating: “The Microfinance sub sector are creative and want to change the turn of event, to do this, they must tap into the opportunities in the recession.

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No foreign software can address challenges in Nigeria insurance sector – Atobatele

What is Ultisure? We took the brave decision about seven years ago to start gathering a team of very smart Nigerians to start developing applications. After seven years of development and research, we have a lot of products that are ready for the market. One of them is the Ultisure. Ultisure bridges a lot of gap in the insurance industry. Our intention is to make our customers happy and for them to leverage on our solutions to automate their businesses to make more money, better decisions and more profit at the end of the day.

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Why SMEs are not attracted to list on the Nigerian Stock Exchange

The Small and Medium Enterprises, SMEs, are not attracted to list on the Nigerian Stock Exchange, NSE for a number of reasons. Firstly, many of them do not have adequate capital base and structure that will attract investors to invest in them. Secondly, many of the SMEs are struggling with the economic recession and harsh operating environment which had made it difficult for them to breakeven let alone declaring profit.

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Clear policy on exchange rate will bring back foreign investors – Sanni

The drop in Foreign Portfolio Investment (FPI) is closely linked to foreign investors perception of our policy response to dwindling oil revenues in the last two years (caused both by falling price of the product as well as reduced production). Areas of concern for foreign portfolio investors range from our foreign exchange policy and its implementation as it affects ease of exit, the state of our foreign reserves and general sense of our willingness to deal pragmatically with our changing fortunes.

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