NIGERIA AT 50; THE JOURNEY SO FAR
Nigeria celebrates half a century of independence today. In an individuals life, that would be 50 years of growth from a toddler through adolescence into adulthood and then maturity. That is the so-called “golden jubilee’ at which success or progress is measured and celebrated. But for Nigeria as a country, it is not clear what we are celebrating today; is it success, progress or maturity?
N14.6bn bad loans: NEXIM Bank sends EFCC after defaulters
The Nigerian Export-Import Bank, NEXIM, has invited the Economic and Financial Crimes Commission to help in its efforts to recover about N14.6 billion owed the bank by some customers who are mainly export-oriented companies and individuals.
Unity Bank rights offer succeeds despite market apprehension
The Securities and Exchange Commission (SEC) has approved the allotment of Unity Bank Rights Offer following its successful conclusion.
Naira slumps to 13 month low on speculation of demand for dollars
The Naira depreciated to its lowest level in more than a year versus the dollar on speculation companies stepped up dollar purchases to repatriate profits and buy imported goods.
Debt equity: Experts recommend growth recipe for SMEs
Experts have recommended that for a business concern to attract investors into its fold, conscious efforts must be made by the management to secure the right debt-equity mix.
No light, more money for us, Phone battery chargers
The licensing of Global System for Mobile Communications (GSM) operators in 2001 marked a new beginning for mobile business as most businesses are conducted by phone, thereby overcoming the problem of time and space that were hindrances to business growth in the recent past.
Operators fault CBN’s move to force one Registrar on banks
Criticisms have continued to trail the recent pronouncement of the Central Bank of Nigeria (CBN) that banks operating in the country would be made to use one Registrar for their share registration, a development that operators in the capital market said contradict the SEC’s anti competitive practices.
32 sacked workers drag NSE to court
Thirty-two staffers of the Nigerian Stock Exchange, NSE who were recently laid off due to reorganisation at the exchange have dragged the institution to court claiming that due process was not followed in the purported termination of their employments.
BGL Asset shops N2.5bn via Sapphire, Nubian funds
A new vista of investment opportunity has opened to investors who are interested in earning attractive returns in the medium to long term as BGL Asset Management Limited shops for N2.5 billion through Sapphire and Nubian funds.
Towards a Responsive Regulatory Regime: The SEC and the Task of Policing the Markets
Events in the Nigerian and global business world over the past three years have focused attention on various aspects and functionalities of businesses, the role of government in regulation of businesses, the role of shareholders in corporate governance, how public corporations use publicly raised funds, who determines how corporate entities function in the market place, etc.
‘Veterinary control posts not for revenue collection’
The Federal Government has reiterated that intrastate veterinary control posts across the country are meant for disease surveillance and not revenue generating outposts as practiced by some states in the country.
