Ditch of traffic jam …as Okota residents bemoan overhead bridge
About two weeks ago, there was jubilation at Okota-Itire and its environs when the Okota-Itire overhead bridge was commissioned by the Lagos State governor, Babatunde Fashola. Indeed, most traders and artisans in the area did not transact businesses on that day as they thronged the venue with different placards expressing their appreciation of the good works done by the state government.
CBN reads riot act on MFB insider abuse
The Central Bank of Nigeria, CBN, has said in other to protect depositors’ funds, it would no longer tolerate insider dealings presently going on in the microfinance banking sector as it would hand over managing directors and directors who abuse office privileges by engaging in such practices to the Economic and Financial Crimes Commission, EFCC.
Access Investments & Securities to raise N2bn via mutual funds
The Board and Management of Access Investment and Securities Limited, a wholly owned subsidiary of Access Bank Plc, weekend, announced at a completion board meeting its readiness to raise N2 billion from two mutual funds.
The company in its prospectus stated that it would be offering Ten million units each of two mutual funds to the public at N100 per unit. The mutual funds on offer are ‘The Access Balanced Fund’ and ‘The Access Fixed Income Fund’.
Reps tinker with N15bn capital votes
THERE are indications that the House of Representatives may have perfected plans to collapse the N15 billion capital vote towards converting it to allowance for the third quarter of this year.
CBN’s guidelines on N500bn bail-out for industries out
The Central Bank of Nigeria, CBN, has said that industries operating in the country which seek to refinance or restructure their operations can access a maximum of N1 billion from its sponsored N500 billion industry revival funds.
Combating inflation sparks divergent views
It is now certain that increase in prices goods and services inflation, is rising, and unfortunately quite earlier than anticipated by monetary authorities and even economic experts. But there is uncertainty and divergence of views on how to ensure that prices remain stable or experience minimal increase.
