Saturday November 22nd, 2014
Saturday November 22nd, 2014
Latest

Dangerous cargoes streaming in through lapses in PAAR — Customs agents

  /   in Finance 12:50 am   /   Comments

containers

Clearing agents under the aegis of National Council of Managing Directors of Licensed Customs Agents, NCMDLCA, has warned of the potential danger posed by the influx of dangerous cargoes following the lapses in the Pre-Arrival Assessment Report, Regime, PAAR.

Read More →
Latest

How banks grow customers’ wealth through promos

  /   in Finance   /   Comments

naira money

Recent trends in the banking sphere seem to suggest a changing twist for good as the customer is treated to various forms of incentives to woo them over as investment partner.

Read More →
Latest

Visa partners foundation to promote financial inclusion

  /   in Finance   /   Comments

Point of Sales, POS, facilities

The global payments network, Visa Inc. has entered into partnership with Cherie Blair Foundation for Women, First Bank of Nigeria (FBN) Plc and Youth for Technology Foundation (YTF) to provide women entrepreneurs with mobile technology solution to promote financial inclusion in Nigeria.

Read More →
Latest

REIT boosts housing supply in Nigeria — FSDH Asset

  /   in Finance   /   Comments

housing

Nigeria’s housing challenges will be partly addressed with increased investment in Real Estate Investment Trust, REIT, as it is currently enabling the construction of properties for different classes of individuals and corporate organisation in different parts of the country, said Mrs. Olumayowa Ogunwemimo, Managing Director, FSDH Asset Management Limited.

Read More →
Latest

The Basic Guide to Starting Your Business Part 5

  /   in Finance   /   Comments

*Some of the items donated to graduates of the centres.

There are many differing views on what makes someone an entrepreneur and what an entrepreneurial venture is.

Read More →
Latest

Investment into Free Trade Zones hits N2.7trn — NEPZA

  /   in Finance   /   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.

Nigeria Export Processing Zones Authority, NEPZA has raked in a whopping N2.7trillion, an equivalent of $13.5billion investment into the country’s Free Trade Zones, FTZs.

Read More →
Latest

Medview Airlines airlifts 756,437 passengers in two years

  /   in Finance   /   Comments

Muneer Bankole

Medview Airlines last week revealed that it has airlifted a total of 756,437 passengers on its domestic route since it started operations in the country in October 2012.

Read More →
Latest

Africa must increase fertiliser input to boost productivity – Mkandawire

  /   in Finance   /   Comments

fertilizer farm

P rofessor Richard Mkandawire, Vice President of the African Fertiliser Agribusiness Partnership (AFAP) was once the Head of Resource Mobilisation, Partnerships and Communications at the NEPAD Planning and Coordinating Agency (NEPAD Agency).

Read More →
Latest

Stakeholders worry over sustainability of market agreement

  /   in Finance   /   Comments

economy

Continuous default on rules and regulations guiding insurance operation by practitioners have made the National Insurance Commission, NAICOM, to call for a new market agreement for members of the Nigerian Insurers Association, NIA, as a form of self regulation amongst insurance operators.

Read More →
Latest

No wrong-doing in our hotels’ IPO, says Transcorp

  /   in Finance   /   Comments

Transcorp

The management of Transnational Corporation of Nigeria has denied any wrong doing in the Initial Public offer of Transcorp Hotels, saying that it breached no known regulation or law in the process.

Read More →
Latest

Getting slaughtered again on the Nigerian Stock Exchange?

  /   in Finance, Sobowale On Business   /   Comments

Nigerian-Stock-Exchange-(NS

The current travails of investors in the Nigeria Stock Exchange, NSE, has once again convinced me that Nigerians, including those we regard as the “brightest and the best”, never learn from history. Back in November last year, writing under the title, ANOTHER CAPITAL MARKET CRISIS COMING UP, I warned my Fellow Countrymen about the crisis they now face in the NSE. Once again, I was ignored.

Read More →
Latest

Lower trade and higher poverty rate are cousins

  /   in Finance   /   Comments

...A typical house that requires renovation

Nigeria is not just a place to set up a business. The country is a big and growing market. Investing in Nigeria is tantamount to connecting to a big market

Read More →
Latest

Staff indifference slows enrollment for biometric verification

  /   in Finance   /   Comments

BANK

There are indications that banks may not to meet the deadlines for the enrolment of their customers for the Biometric Verification Number (BVN) due to staff indifference to the enrolment exercise.

Read More →
Latest

Power of leveraging partnership for brand loyalty

  /   in Finance   /   Comments

Minister of Tourism, Culture and National Orientation, Chief Edem Duke (middle)  displaying collaterals for  The Brand: Fascinating Nigeria; Beckoning Beauty at the National Theatre, Lagos. With him are the Director Generals of Nigeria Tourism Development Corporation, Mrs. Sally Mbanefo and Alhaji Kabiru.

Manufacturers and marketers alike today are turning to a number of different marketing tools to grow and drive their brands and businesses forward. Within the busy world of brand marketing, utilizing the strength of marketing alliances or marketing partnerships to get product into new channels and venues is an essential marketing element to generate incremental sales.

Read More →
Latest

NIMN seeks legal support to check quackery

  /   in Finance   /   Comments

supermarket

The National Institute of Marketing of Nigeria, NIMN, has asked the nation’s judiciary and office of the Minister of Commerce, Trade and Investment to make proclamations on the NIMN Act, to enable it check activities of quacks and erring members.

Read More →
Latest

Banks resist CBN’s forex intervention

  /   in Finance   /   Comments

Mr Godwin Emefiele answering questions  during his screening by the Senate for  Central Bank Governorship in Abuja on Wednesday

Banks have started resisting efforts of the Central Bank of Nigeria (CBN) to intervene in the interbank foreign exchange market.

Read More →
Latest

Shoptomydoor’s breaking barriers to international commerce — Udeh

  /   in Finance   /   Comments

Shoptomydoor is a Nigerian online retailer that allows Nigerians, individuals and business owners, shop from over 80, 000 stores in UK, U.S.A and China. In this interview with Jonah Nwokpoku, the Managing Director/Chief Executive Officer of Shoptomydoor, Nduka Udeh said Shoptomydoor is using e-commerce to explore international commerce by providing an avenue for Nigerians to shop from any store that will traditionally not ship to Nigeria. He explained, among other things how Shoptomydoor works and how the business model is opening up Nigeria’s economy.

Read More →
Latest

Dana Air to commence regional flights soon

  /   in Finance   /   Comments

As Dana Air celebrates its 6th anniversary, having started flight operations on 10 November 2008, the airline says plans are underway to commence regional flight operations by the second quarter of 2015.

Read More →
Latest

Shonekan lauds Jonathan over implementation of NESG recommendations

  /   in Finance 8:09 pm   /   Comments

Chief Ernest Shonekan(right) with Gen. Ibrahim Babangida during the Council of State meeting held recently in Abuja.

Former Head of State, Chief Ernest Shonekan, has lauded the bold decision taken by President Goodluck Jonathan in approving the recommendations made by Nigerian Economic Summit Group, NESG, during its recent annual summit conference.

Read More →
Latest

National e-ID card not substitute for international passport, says NIMC

  /   in Finance 5:14 am   /   Comments

PRESIDENT GOODLUCK JONATHAN (L), DISPLAYING A DUMMY OF HIS NATIONAL IDENTITY CARD AT THE LAUNCH OF e-ID CARD IN ABUJA ON THURSDAY (28/8/14). WITH HIM ARE MINISTER OF AGRICULTURE, DR AKINWUMI ADESINA AND BOARD CHAIRMAN, NATIONAL IDENTITY MANAGEMENT COMMISSION, PRINCE UCHE SECONDUS. BJO/NAN -

The National Identity Management Commission, NIMC, has cleared the air on the recent report that the National e-Identity Card will soon be used as an alternative travelling document to the international passport

Read More →
Latest

NAICOM descends on erring insurance firms

  /   in Finance   /   Comments

NAICOM

Of the 59 insurance companies operating in Nigeria, only about a dozen are complying with laid down rules and regulations that have excluded them from being sanctioned by the National Insurance Commission, NAICOM.

Read More →
Latest

Naira gains 430k in interbank as CBN adopts new intervention strategy

  /   in Finance   /   Comments

naira-Dollar

The naira recorded its single day appreciation of 430 kobo in the interbank market on Friday following the adoption of a new strategy by the Central Bank of Nigeria (CBN) to intervene in the foreign exchange market.

Read More →
Latest

Outbound Money Transfer: Sending money from Nigeria with ease

  /   in Finance   /   Comments

Mobile Money

Banks have started deploying Outbound Money Transfer services to ease the stress of sending money from Nigeria to individuals outside the country.

Read More →
Latest

Lack of investment, greatest threat to agriculture in Nigeria – Pearson

  /   in Finance   /   Comments

The Managing Director of Afrocet Nigeria, Bryan Pearson has identified lack of investment in the agricultural sector as the major threat to its growth and development.

Read More →
Latest

Nigeria attracts $59.6bn FDI in 3 years — Aganga

  /   in Finance   /   Comments

Olusegun Aganga, Trade & Investment Minister

The Federal Government’s Transformation Agenda for the economy has attracted $59.6 billion foreign direct investments (fdi) into the country from all over the world since 2011-2014.

Read More →
Latest

E-payment stakeholders seek tougher measures against e-fraud

  /   in Finance   /   Comments

Finger-AtM

Payment processors, financial services providers and other players in the information and communication technology including the judiciary and the law enforcement agencies in Nigeria have called for tougher measures to combat electronic payment related fraud in the country.

Read More →
Latest

Moribund mortgage banks too toxic for bail-out — NDIC

  /   in Finance   /   Comments

Model of a house in Maccido Royal Estate, Abuja

The Nigeria Deposit Insurance Corporation (NDIC) said it decided against bailing out some of the moribund primary mortgage banks (PMBs) because of their very toxic state, noting that doing so might have done more harm than good.

Read More →
Latest

Ogun to partner financial institutions on homes mortgage

  /   in Finance   /   Comments

estate pix

Ogun State government has commenced moves to enter into partnership with various financial institutions to ensure that affordable housing is provided for residents of the state irrespective of their social status.

Read More →
Latest

Foreign airlines earned N231bn from Nigeria in 2013 — NCAA boss

  /   in Finance   /   Comments

People coming down from the Ethiopian Airline on arrival at Akanu Ibiam International Airport Enugu PHOTO BY HILL EZEUGWU

The Director General, Nigerian Civil Aviation Authority, NCAA, Captain Usman Mukhtar has said that foreign airlines are making fortunes in the Nigerian aviation industry while local airlines are still playing from the fringes. According to Capt. Mukhtar, the foreign airlines made N231 billion in tickets sales in 2013, while domestic airlines made N73 billion in tickets sales in the same year.

Read More →
Latest

EU, UNIDO partner CPC to boost consumer protection in Nigeria

  /   in Finance   /   Comments

electric-consumers

The European Union, EU, through United Nations Industrial Development Organisation (UNIDO) have partnered with the Consumer Protection Council, CPC, with the aim of raising the bar of consumer protection in the country.

Read More →
Latest

When genius fails, Okonjo-iweala – 3

  /   in Finance, Sobowale On Business   /   Comments

Okonjo-Iweala-budget

This is the third in the series titled WHEN GENIUS FAILS. The first two were written in 2008 about two individuals, Professor Chukwuma Soludo and Dr Ndidi Onyuike, Governor of Central Bank and Director General of the Nigerian Stock Exchange respectively, at a time when most people in Nigeria were not aware that banking “Con-SOLUDO-tion” was failing and leading to banking disaster and that the NSE was heading for a crash. Mine was a lone voice shouting in the wilderness – until banking crisis became a reality and the Stock Market collapsed.

Read More →
Latest

Sterling Bank holds EGM tomorrow

  /   in Finance   /   Comments

Sterling Bank Plc will tomorrow hold an Extra-Ordinary General Meeting (EGM) to seek shareholders’ approval to raise fresh capital for the Bank.

Read More →