Breaking News
Translate
Latest

Finance

CBN injects $205m as Naira falls to N379/$

The Central Bank of Nigeria (CBN) yesterday injected $205 million into the foreign exchange market even as the naira depreciated to N379 per dollar in the parallel market.

Read More

Bank alerts: Mandatory but not compulsory

Some banks allow you to sign up for alerts that notify you when certain transactions are posted. One of the most common and useful of these is the direct deposit alert, which will let you know as soon as your salary is paid into your account. Some banks can send daily alerts telling you which cheques cleared in your account the previous day. Your bank might also offer alerts whenever any deposits, withdrawals, credits or debits are processed.

Read More

Dynamics of govt finance

STATISTICS have a deft way of creating one impression or the other, sometimes for good, and at other unwelcome times, for bad. The latest Nigeria Extractive Industries Transparency Initiative, NEITI, Quarterly Review shows Nigeria’s debt profile and indicates a drastic drop in the revenue profile of most states of the federation. In the South-South zone, the report ominously avers that the debt profile of the state governments is on the increase, consisting of domestic and external debts between December 2015 and June 30th, 2016.

Read More

Polls at AGMs: Aggrieved shareholders can seek redress – Fakrogha

You know that secretariat of the company, may be the company secretary or the legal adviser must have advised the company on what should be done to make sure they act within the rules and regulations and most importantly, ensure that they act within the Companies and Allied Matters Act, CAMA. So, if they want to pass a resolution and they need shareholders to vote or they want to use a poll, of course, that poll is conducted by the registrar of the company and it will follow the rule.

Read More

Edo govt. lauds Ecobank over support for Okpekpe Road Race

Ecobank Nigeria has been commended for its unflinching and consistent support to the development of sports in the country. Speaking at this year’s Okpekpe International Road Race at the weekend, Edo State Governor, Godwin Obaseki said Ecobank’s constant support to the road race for several years was quite commendable, stating that the event has put the state in global map.

Read More

Takaful insurance is not for Muslims alone – Adeniran

We are the first Takaful operator window in Nigeria approved by the National Insurance Commission, NAICOM. We have done a lot since we started in 2010 and God has been supporting us. Takaful insurance is based on two principles which are the principle of Islamic investment which give opportunity for surplus, and also the general business which is based on welfare or give away. We have various products under the scheme. We have the family products either for individual or group. The family product is a savings scheme towards the welfare of one’s family and equally in the case of any eventualities, something will be paid as benefit to the dependants

Read More

Make an estate plan before your demise, irrespective of your financial clout — Max-Gbinije

We are all familiar with the issues that often arise upon death, with members of the family pitched against one another. This is often resolved by the courts, sometimes after a prolonged litigation that would have drained everybody. This can be avoided with an estate plan which lets the individual decide how his assets are handled after passage.

Read More