Thursday October 30th, 2014
Thursday October 30th, 2014
Latest

Remittances to Nigeria to hit $21bn by year end

  /   in Finance 12:30 am   /   Comments

naira-Dollar

The World Bank Group has projected that Nigeria will in 2014 receive an inflow of $21 billion as remittances from Nigerians living and working abroad. This figure will place Nigeria as the top receipt of foreign remittance in Africa. Nigeria will be followed by Egypt with a projected remittance of $18 billion.

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Long-term financing: FG to float Infrastructure Development Bank

  /   in Finance   /   Comments

Okonjo-Iweala

The Minister of Finance and Coordinating Minister of the economy, Dr Mrs Ngozi Okonjo-Iweala has disclosed on the sideline of the IMF/World Bank Group Annual Meetings in Washington that the Federal Government’s new economic thrust has been to efficiently channel the country towards becoming a non-oil economy by the time the on-going transformations embarked by the present administration get to an end.

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FMBN plans to disburse N48bn NHF loan

  /   in Finance   /   Comments

Federal Mortgage Bank of Nigeria (FMBN) is planning to disburse about N48 billion loans from the National Housing Fund (NHF) to 10,596 applicants nationwide.

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NEPC partners USAID to create 340,000 jobs from cashew export

  /   in Finance   /   Comments

cashews

No fewer than 340,000 new jobs would be created in the next five years with the implementation of a new Cashew Export Strategy Programme initiated last week in Lagos by the Nigerian Export Promotion Council, NEPC, the National Cashew Association of Nigeria and USAID/NEXTT.

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From boom to gloom or doom –the story of oil (1)

  /   in Finance   /   Comments

CRUDE-OIL

Crude oil has always been slippery stuff – good when under control; destructive when out of control. Crude oil is about to destroy the Nigerian economy faster then Boko Haram or even Ebola.

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How tech start-ups can attract investors

  /   in Finance   /   Comments

Hi-Tech-accesories

Access to capital is one of the greatest challenges that confront entrepreneurs. In the technology space, capital is even more critical because the extent of skills and other technology investment considerations required are enormous, and fundamental.

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The Basic Guide to Starting your Business Part 1

  /   in Finance   /   Comments

Tomatoes market

The term business denotes a particular trade or profession designed to provide goods and/or services to consumers. And in like vein, any organization which provides these services is also referred to as a ‘Business’. Businesses play a vital role in the life and culture of countries with capitalist and free-market economies.

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US mortgage rates slide continues

  /   in Finance   /   Comments

Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.

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Wing Towers: Redefining Nigeria’s business environment

  /   in Finance   /   Comments

economy

A consortium, comprising Oando Plc, Argentil Asset Management, Standard Bank and RMB Westport, is set to deliver a twin tower office complex with state of the art features, christened, The Wing Towers, on Ozumba Mbadiwe Avenue, Victoria Island, Lagos.

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Latest

NIPOST intercepts goods worth N13.647bn in 9 months

  /   in Finance 12:42 am   /   Comments

NIPOST3

The Nigerian Postal Services said it has intercepted about 159 scam letters containing counterfeit financial instruments and other prohibited items worth N13.647 billion within the past nine months.

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Latest

Investors lose N463 bn in 3 months as market nosedives

  /   in Finance 1:11 am   /   Comments

File photo: The  floor of Stock exchange

Equity trading on the Nigerian Stock Exchange, NSE recorded a marginal downturn in the third quarter of 2014, with market indicators, market capitalisation and All Share Index dropping 3.3 per cent each, a situation market operators attributed to political uncertainty and insurgency.

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IMF meeting: C’wealth ministers focus development funding beyond 2015

  /   in Finance   /   Comments

naira-Dollar

Dr Mansur Muhtar, former Nigerian Finance Minister and an Executive Director at the World Bank will brief Commonwealth Finance Ministers on ideas for funding social and economic development on the sideline of the 2014 IMF/World Bank Annual Meeting in Washington.

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SEC tasks emerging economies on SMEs development

  /   in Finance   /   Comments

Ms Arunma Oteh, DG, SEC

Director General of the Securities and Exchange Commission (SEC), Arunma Oteh has advised governments in the emerging economies to focus more on Small and Medium Enterprises development as a way of creating more jobs and improving the standards of living of their citizens.

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Lagos veg fest to create vast opportunities for SMEs

  /   in Finance   /   Comments

vegetable

Organisers of Lagos Veg Fest (LVF), weekend, announced plans to hold its event and create business opportunities for Small and Medium Enterprises (SMEs) in the country.

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Brent crude on brink of bear market amid global supply

  /   in Finance   /   Comments

File Photo: Crude Oil

Brent crude traded on the brink of a bear market on speculation that Saudi Arabia will maintain output amid swelling supplies from the U.S. and Russia and signs of slowing demand.

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NDIC to review PMBs’ insurance coverage, premium assessment

  /   in Finance   /   Comments

Nigeria Deposit Insurance Corporation has revealed plans to increase the deposit insurance coverage for customers of Primary Mortgage Banks (PMBs) in the country as well as review the premium assessment of the PMBs.

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My love for children, cooking gave birth to Moi-moi Expresso — Anthea Peretu

  /   in Finance   /   Comments

MoiMoi-Expres

She started her food processing business of beans flour already mixed with ingredients for easy preparation of moi-moi and akara by having to sell off her Blackberry Touch2 phone at give away price.

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ICT: New platform for business growth in post industrial era

  /   in Finance   /   Comments

School students on the internet ......Positive use is important

It is an undeniable, and a universally accepted fact that information and communication technology, ICT, is redefining business operations in the post-industrial society.

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Goldlink Insurance promises not to delist from NSE

  /   in Finance   /   Comments

Unlike the Stock market, Forex trading is Online

Goldlink Insurance Plc has assured its shareholders of its commitment to safeguard their investments in the company and retain its listed company status.

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African governments tasked on role in start-up industry

  /   in Finance   /   Comments

Africa

African governments have been challenged to take a cue from the United States of America and Israel’s approach to the tech industry by playing increased role in the start-up industry.

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Latest

FCTA moves to tackle spate of unoccupied houses

  /   in Finance 8:32 pm   /   Comments

Vintage-eSTATE

The Federal Capital Territory Administration (FCTA) has revealed plans to ensure that all houses in the territory are occupied not later than six months after completion. This comes against the backdrop of numerous cases of unoccupied houses in Abuja despite the growing needs for housing by residents of the territory.

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Jumia boss tasks entrepreneurs on domesticating successful business ideas

  /   in Finance   /   Comments

entrepreneurs

The Managing Director of Jumia Nigeria, Dr. Jonathan Doerr has charged Nigerian entrepreneurs to leverage ideas that have proved successful in developed countries and domesticate them here in Nigeria.

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FG to tackle house racketeering with biometrics

  /   in Finance 12:28 am   /   Comments

HousingaPOS

The Federal Government is set to employ the use of biometric technology to tackle house racketeering, whereby the rich and influential buy up houses built by government and re-sell at exorbitant prices to the less privileged.

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Latest

Samsung unveils wireless laser printer series

  /   in Finance 12:20 am   /   Comments

Samsung Electronics has unveiled assorted series of new smart wireless printers in Nigeria.

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Foundation disburses agricultural support fund to 215 widows

  /   in Finance 12:10 am   /   Comments

Over 200 widows of Okori in Eleme, River States, were given N20, 000 each by the Appolus Chu Foundation to hire farmlands for cultivation this season.

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Ours is purely an intellectual business – Fidelis Ndeh-Che

  /   in Finance   /   Comments

*Dr. Fidelis Ndeh-Che

Dr. Fidelis Ndeh-Che is the Managing Partner at Quanteq Technology Services Limited, an information technology (IT) consulting and systems integration firm with headquarters in Abuja.

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Minister rules out sabotage in Kaduna airport fire

  /   in Business, Finance   /   Comments

The Supervising Minster of Aviation, Dr. Samuel Ortom has ruled out sabotage as the likely cause of the fire incident at the control tower of the Kaduna airport. Dr. Ortom made this disclosure after undertaking an inspection tour of the airport and the debris of the control tower.

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How online retailers can leverage effective email strategies

  /   in Finance   /   Comments

Internet retailers cannot underestimate the value of email marketing. A recent study has predicted that the total number of email users worldwide will grow to more than 2.7 billion before the end of 2017, with revenue hitting $20.4 billion. This growing marketing channel is considerably inexpensive and provides a great opportunity for retailers trying to acquire and retain customers, increase conversions or generate awareness. After using this channel for a while, however, it can be easy for retailers to fall into just a marketing routine. When this happens, it is important for retailers to freshen up their campaigns by re-evaluating their current strategies and testing out some new ones. Below are some strategies that they may consider.

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FAO calls for preventive measures against banana disease

  /   in Finance 7:43 pm   /   Comments

The Food and Agriculture Organization of the United Nations (FAO) has called on countries to restrict movement of infected soil and planting materials into and out of farms, as the world’s most destructive banana diseases, Fusarium wilt TR4, is spreading from Asia to Africa and the Middle East.

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Breaking the Nigerian Poverty Cycle through Entrepreneurial Revolution. Part 3

  /   in Finance 12:48 am   /   Comments

povertypix1

The difference lies in the presence of a critical mass of entrepreneurs that triggers an entrepreneurial revolution with all its multiplier effect. It is this entrepreneurial spirit that is empowering China, India, along with Russia and the former Soviet satellite countries in Eastern Europe and the Baltic States, to rise above the gravity of years of underemployment.

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Laws and processes for payment of taxes collectible by the Federal Inland Revenue Service (2)

  /   in Business, Finance   /   Comments

Applicable tax law : Withholding Tax (WHT) is not a distinct tax type and therefore has no legislation of its own. It is only a mechanism for the collection of other taxes. Consequently, its application is provided for in the enabling law of other tax types i.e. Section 81 of Company Income Tax Act, Section 54 of Petroleum Profit Tax Act, Section 73 of Personal Income Tax Act and Section 13 of Value Added Tax Act

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We are worried about growth without impact on lives of Nigerians

  /   in Business, Finance   /   Comments

*Finance Minister, Ngozi Okonjo-Iweala

At the just-concluded IMF/World Bank Spring Meetings, the Minister of Finance and the Coordinating Minister of the Economy, Dr. Okonjo-Iweala and the Acting Governor of the CBN, Dr. Sarah Alade took time off their back-to-back meetings with global financial leaders and officials of the IMF/World Bank to brief the press on what transpired at the various sessions of the global financial caucus meetings. In fact, Okonjo-Iweala spent just about 30 minutes with the media before rushing to attend a session she co-chaired with the World Bank President saying it would be rude for her to stay back while the World Bank President waits for her to come in.

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