Sunday February 1st, 2015
Sunday February 1st, 2015
Latest

Securities lending, market making performance disappointing – NSE

  /   in Finance 12:04 am   /   Comments

Idiroko-Market

The Nigerian Stock Exchange, NSE, has said that the securities lending and market making activities introduced to boost stock market activity and inject liquidity into the market performed beyond expectation in 2014.

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FG, market operators open dialogue on 2015 budget

  /   in Finance   /   Comments

market-2

Capital market operators under the aegis of the Chartered Institute of Stockbrokers, CIS , Association of Stockbroking Houses of Nigeria,(ASHON) and Association of Issuing Houses of Nigeria (AIHN) have initiated a special dialogue with the Federal Government and key stakeholders in the economy to ensure proper alignment of the capital market to Nigeria Fiscal and…

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Our expectations for Agric in 2015 — stakeholders

  /   in Finance 1:39 am   /   Comments

Agric-date-palm

Stakeholders in the agricultural sector have expressed optimism of increased focus on the sector in 2015, and increased productivity in view of the sharp decline in crude oil price and its impact on the nation’s revenue, as well as the expected impact of the agricultural transformation agenda being implemented by the government.

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Stakeholders proffer solutions to capital market downturn

  /   in Finance   /   Comments

Stakeholders in the capital market have suggested various measures that would be adopted by the regulators of the Nigerian Stock Exchange, NSE, and the federal government alike to ensure full recovery of the capital market from the current downturn.

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Palm oil: Dufil and the quest for backward integration

  /   in Finance   /   Comments

Oil palm fruits

Recently, the Honourable Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, said that Nigeria ranks 26th in the world production of palm oil, falling from its leading position in the 60s and hardly satisfies the domestic demand.

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Insurers optimistic of a vibrant sector in 2015

  /   in Finance   /   Comments

Thomas also said that the deliberate policy of the federal government to put the insurance sector on the spotlight at the tail end of 2014 have the potential to elevate the sector to greater heights in 2015.

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Computing tax returns using the FIRS tax calculator

  /   in Finance   /   Comments

Conscious of this fact, the Federal Inland Revenue Service (FIRS) incorporated a tax calculator application in its redesigned website to help users compute their taxes and at least have an idea of the amount of taxes they should pay, based on their income.

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Nasarawa state budget as a metaphor for unrealistic state budgets

  /   in Finance   /   Comments

Simple arithmetic tells us that a state budgeting to spend N107.9 bn (N108 rounded up) would need to generate N9bn per month from all sources in 2015. The question is how realistic is this for Nasarawa?

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Agenda setting & political advertising: Staking integrity

  /   in Finance   /   Comments

The 2015 general election is here, political office seekers have deployed campaigns to win the vote of potential voters,as regarding their promises to the electorate Princewill Ekwujuru writes.

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China’s inflation rate rises to 1.5% in December

  /   in Finance   /   Comments

China’s inflation rate remained near a five-year low in December, edging up to 1.5 percent from 1.4 percent the month before.

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2015 Economic Outlook : Experts predict political crisis, social unrest, increased production cost

  /   in Finance 1:54 am   /   Comments

economy

The Nigerian economy will be influenced in 2015 by post election crisis, social unrest, and increased cost of production courtesy of high interest rate and devaluation of the naira.

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Expect crises, risks and opportunities in 2015 —Financial experts

  /   in Finance   /   Comments

economy

Financial experts have predicted year 2015 to be a year of crises, risks and opportunities mixed together. While there is consensus on the 2015 election and crude oil prices as major risks for the economy in the new year, there is however divergent opinions on the direction of monetary policy and exchange rate of the naira. Their views on wide ranging economic and banking issues are presented below.

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Capital market: Stakeholders express optimism for growth

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Nigerian-Stock-Exchange-(NS

Stakeholders in the Nigerian capital market have expressed confidence that the 2015 will impact on investors’ return on investment provided there is a hitch free general election and sustainable favourable reform policies that will impact on companies’ activities.

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SON discourages patronage of cement without expiry date

  /   in Finance   /   Comments

cement

The Standards Organisation of Nigeria (SON) has warned Nigerians not to buy cement without expiry date effective from January 2015.

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2015: E-commerce operators see increased growth, seek improved infrastructure

  /   in Finance   /   Comments

The Wired World: A graphic representation of the Internet

Ahead of 2015 business year, operators in the e-commerce ecosystem expect astronomical growth that will be driven by increased conversion of the offline market.

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E-commerce: Jumia’s quest for innovation, strategic partnerships

  /   in Finance   /   Comments

E-commerce-pix

The year 2014 was an impressive year for e-commerce in Nigeria. All the indices indicated very positive and tremendous improvement for the sector.

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Arik Air unveils ‘Explorer’ to boost online services

  /   in Finance   /   Comments

Arik

West and Central Africa’s largest carrier, Arik Air has unveiled an online travel package product, Arik Explorer which incorporates airline seats with hotel and other ancillary options like car hire and travel insurance.

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Guinness explains investment in capacity expansion

  /   in Finance   /   Comments

Guinness Nigeria Plc has explained that the increase in its investment in capacity expansion was as a result of increased demand for its products , even as its dividend payout to shareholders in 2014 financial period reduced, following a strategic decision made by the management.

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Mike Susan Foundation plans skills acquisition for host community

  /   in Finance   /   Comments

Awka-based Mike Susan Foundation MSF, has concluded arrangement to commence skills acquisition and scholarship programmes for people in the state.

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Microfinance banks activities leapfrog in style in 2014

  /   in Finance 8:07 pm   /   Comments

dead-bank

Activities in the Micro finance Banks (MfBs) sub sector in 2014 leapfrogged in style from what it used to be. So many funds were pumped into the sub sector in the year under review and a new president elected to man the National Association of Micro finance Banks, NAMB, and awards were given for outstanding performances to some members of the association for best practices

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Marketing in 2014: Season of elections, failures and controversies

  /   in Finance 9:03 am   /   Comments

Small-Business222

The 2014 fiscal year in the Integrated Marketing Communications, IMC, industry recoded significant success with election and re-election of new helmsmen in different sectoral bodies, with negative reports recorded in two sectors of the industry namely the advertising and manufacturing sectors.

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FG, others share N6.3tr in 10 months

  /   in Finance   /   Comments

1000-naira-notes

The three tiers of government shared N6.3 trillion as statutory allocations from January to October this year. However, revenue from crude oil into the federation account fell by 3.3 percent to N5.7 trillion during this period, reflecting the impact of the falling price of crude oil.

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FG, others share N6.3tr in 10 months

  /   in Finance 4:28 pm   /   Comments

*Briefing on Result of GDP in Nigeria: Minister of Finance and Coordinating Minister of Economy, Dr. Ngozi Okonjo –Iweala chatting with Minister of National Planning Amb. Bashiru Yuguda  and Statistician –General of the Federation and CEO of National Bureau of Statistics Dr. Yemi Kale during presentation of Preliminary Results of the Rebased Nominal Gross Domestic Product ( GDP) Estimates from Nigeria 2010 to 2013 held in Abuja. Photo by Gbemiga Olamikan.

The three tiers of government shared N6.3 trillion as statutory allocations from January to October this year. However, revenue from crude oil into the federation account fell by 3.3 percent to N5.7 trillion during this period, reflecting the impact of the falling price of crude oil.

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Stock market: Investors lose N3.23trn in 2014

  /   in Finance   /   Comments

Nigerian-Stock-Exchange-(NS

Investors reaped more from their investment in the global capital market, even though it recorded mixed performance than the Nigerian capital market in the year, 2014. The investors in the Nigerian capital market lost N3.23 trillion or 24.4 percent towards the end December, 19, 2014.

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Vocation and technical education – a key to improving Nigeria’s development (2)

  /   in Finance   /   Comments

Lipstick

The three tiers of government shared N6.3 trillion as statutory allocations from January to October this year. However, revenue from crude oil into the federation account fell by 3.3 percent to N5.7 trillion during this period, reflecting the impact of the falling price of crude oil.

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Reality check amidst measures to enhance banking services

  /   in Finance   /   Comments

BANK

Banking and finance in 2014 were defined by efforts of industry players and regulators to enhance the quality of banking services as well as increase access to finance for critical sectors of the economy. Amidst these efforts, the industry experienced two major reality checks, which impacted regulation and monetary policy in the second part of the year. Presented below is a brief account of these developments.

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FBN Holdings structured to minimize impact of monetary tightening

  /   in Finance   /   Comments

Oyewale Ariyibi

The banking industry has been under pressure due to policy measures of the Central Bank of Nigeria (CBN) to tighten money supply. In this interview, Mr. Oyewale Ariyibi, Head, Finance, FBN Holdings Plc explained how some of these policies impact the operations of the company, and efforts of the company to improve on its efficiency and deliver returns to shareholders.

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Maritime in 2014

  /   in Finance   /   Comments

*Maritime

Stakeholders in the maritime industry have expressed mixed reactions on the fortune of the sector in the out-going year, 2014. While some said that the fortune of the industry improved slightly in 2014, others were of the opinion that operators faced a worse situation this year compared to the previous year.

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Issues, events that shaped agriculture in 2014

  /   in Finance   /   Comments

Agric-date-palm

Nigeria’s immense agricultural potential is a great asset for the nation in particular and Africa in general, with promises for food security when fully harnessed. But of the 84 million hectares of arable land in Nigeria, only 40 per cent is said to be presently cultivated.

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Avalanche of sack, appointments dominate aviation in 2014

  /   in Finance   /   Comments

Group of women in Lagos to welcome the 1st lady, Dame Jonathan , last week invaded  the Presidential wing tarmac of the Murtala Muhammed  Airport..

The aviation industry in 2014 was dominated by the removal and appointment of new helmsmen for the aviation ministry and agencies, as well as the retention of the United States, Federal Aviation Authority’s Catagory One status. These and other major development are presented below.

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2014: Insurance sector operates on low key

  /   in Finance   /   Comments

insurance

Business activities in the insurance industry in year 2014 maintained a lull trend as the effect of the ‘no premium, no cover’ introduced the previous year continued to impact on their operations.

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SEC, NBA to partner on capital market development

  /   in Finance   /   Comments

Ms Arunma Oteh, DG, SEC

The Securities and Exchange Commission (SEC) Nigeria is to collaborate with the Nigeria Bar Association (NBA) to set up a standing committee as a means to working together for the development of Nigeria’s capital market.

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