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Rencap Securities top stock brokers’ activities with N9.9bn transactions value

Rencap Securities Nigeria Limited, last week led top ten stock brokers activity chart on the Nigerian Stock Exchange, NSE , both in volume and value, recording a total quantity transactions of 662.5 million shares, valued at N9.9 billion, thus representing 13.88 per cent and 18.79 per cent of the top ten market volume and value respectively.

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Emefiele CBN Governor

Brexit’ll boost Nigeria’s foreign exchange policy- CBN

The Central Bank of Nigeria (CBN) said that the decision of the British people to leave the European Union (EU) will boost Nigeria’s foreign exchange policy. Commenting on the outcome of the British referendum on Friday, CBN Deputy Governor, Economic Policy, Dr. Sarah Alade told Reuters that the bank expected Britain’s vote to exit the European Union to be good for its foreign exchange policy as interest rates are likely to stay low in the U.S., channelling foreign investors to Nigeria.

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CBN Governor, Mr Godwin Emefiele

CBN, NEXIM commence implementation of N550bn export funds

The Central Bank of Nigeria (CBN) and the Nigeria Export-Import Bank (NEXIM) have commenced the implementation of the N500 billion Non-Oil Export Stimulation Facility (ESF) and the N50 billion Export Rediscounting and Refinancing Facility. The two facilities were introduced by the CBN last week as part of measures to boost non-oil exports, by providing low interest loans to exporters.

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People cycle with "Vote Remain" billboards urging people to vote in north London on June 23, 2016, as Britain holds a referendum on whether to remain in, or to leave the European Union (EU).
Millions of Britons began voting Thursday in a bitterly-fought, knife-edge referendum that could tear up the island nation's EU membership and spark the greatest emergency of the bloc's 60-year history. / AFP PHOTO

Why Brexit is grim news for world economy- The Economist

NIGEL FARAGE, the leader of the UK Independence Party, told elated supporters that June 23rd should go down as Britain’s Independence Day. The reaction in financial markets to Britain’s vote to leave the European Union was rather less euphoric. During the Asian trading day, the pound plunged against the dollar by over 10% to $1.32, a 30-year low. It fell far harder against the yen, a frequent bolthole for the anxious. Investors have started to flock to the safety of US Treasuries.

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What you need to start your business

After you have determined what business idea you want to pursue, evaluated the market for your product, and research your competition, you need to put together a plan of action or business findings from your internal and external research, and documenting what you intend to in your business. There are some clearly defined questions that need to be focused on to provide the information you are looking for.

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*In search of potable water

Equities sustain rally as GSK, Champion Breweries drive N482bn gains

The equities market sustained its rally last week as investors continued to raise their stake in most of the low value stocks, resulting in N482 billion increase in the market capitalisation. The rally was largely driven by strong buying interest on the shares of GlaxoSmithKline Nigeria Plc, Champion Breweries Plc, Transnational Corporation of Nigeria, Transcorp Plc, and Neimeth International Pharmaceuticals Plc among others.

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A resilient economy is one governed by best brains- Prof. Onalo

In my opinion, the Nigerian economy is very big and massive, looking to have qualified people to man the various productive activities of the stakeholders, government and other institutions. The level of manpower needs to keep a serious minded economy going is still inadequate. Where we have problem is these job seekers, I mean those who have graduated from the universities waiting to be engaged by labour market into productive activities so that they can earn income and start contributing to national GDP.

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L-R General Manager/Editor in Chief, Vanguard Media Limited, Mr. Gbenga Adefaye presenting the 2016  Marketing Edge Advertising Excellence Award to the General Manager, SBI Media Ltd, Mr. Olaolu Abimbola.

SBI Media bags 2 coveted awards

THE team of SBI Media Limited, Friday, in Lagos, won two of the most coveted awards at the 2016 Edition of the Marketing Edge Advertising Excellence Awards. The awards are: the Fastest Growing Agency in Nigeria and the Media Agency of the Year. SBI Media was the only company that won two awards at the event the most at the ceremony.

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EFCC operatives

BoI explains EFCC’s probe of cement funds management

The Bank of Industry (BoI) yesterday explained that the investigations by the Economic and Financial Crimes Commission (EFCC) over the allegation of misapplied cement funds had since been resolved. According to the Bank’s management, parties to the transaction have addressed the concerns raised with the new terms reached on how to manage the funds which have grown from N9 billion in 2011 to N13.2 billion as at last week Friday. Indeed, BoI was appointed in 2009 to manage funds accruing from levies on imported cement for the development of Nigeria’s cement industry.

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