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CBN’s 75% CRR directive reduced investible funds

Recently, Managing Director of Enterprise Bank, Mr. Ahmed Lawan Kuru had an interactive session with journalists. He said that the bank has been successfully turned around and several local and international investors have shown interest in acquiring the bank which may be sold by October this year. Below are excerpts of the discussions.

Investors lose N960bn in 3 months as NSE market value drops by 7.3%

Investors in the Nigerian capital market lost N960 billion between January and March this year. The Nigerian Stock Exchange, NSE, market capitalisation dropped by 7.3 per cent to close at N12.27 trillion last Thursday from N13.23 trillion opening at the beginning of trading on 2nd of January, 2014.

Okonjo-Iweala disappointed me

DR. (Mrs) Okonjo Iweala is a world acclaimed personality in the professional fields of economics, banking and finance. She has been listed as one of the 100 most influential persons on earth and had risen to the heights of the World Bank presidency. If not for the intervention of the United States of America, she will be there today as the number one World Bank personnel, as she was perceived as the better candidate for the position, by those who are in position to know, including the influential Economist magazine.

The most mportant ingredient  in business is integrity — BOLA AGUNBIADE

Mrs. Bola Agunbiade is the Director of Avail International Consult Limited (AICL Education), an outfit that specializes in international students’ recruitment and career counselling. In this chat with Financial Vanguard, Agunbiade says integrity is very important in the international education counselling business. Excerpts:

Crude oil theft in N-Delta to stop soon – NSCDC

Nigeria Security and Civil Defence Corps, NSCDC, weekend, said the incessant cases of crude oil theft, illegal bunkering, pipeline vandalism, kidnapping and other vices on the waterways and creeks of the Niger Delta, will soon be over.

Oshiomhole to Edo Traffic Mgt Agency: Arrest me if…

GOVERNOR Adams Oshiomhole of Edo State, has charged operatives of the state Traffic Management Agency, ESTMA, to arrest him or the state deputy governor, if their vehicles beat the red lights, saying that “no one is too big to obey laws in the state.”

Ekiti PDP crisis: Fayose, Adeyeye to work together

INDICATIONS yesterday emerged that aggrieved governorship aspirants in Ekiti State had begun to accept the emergence of the former governor of the state, Mr. Ayo Fayose as the gubernatorial candidate of the Peoples Democratic Party, PDP, with one of them, Prince Dayo Adeyeye saying he had agreed to work with Fayose.

The basics of capital gains tax

A Capital Gain may be defined as profit arising from increases in the market value of capital assets to a person or corporate body, who does not habitually offer them for sale and in whose hands they do not constitute stock-in-trade.

Bayelsa United and the Al Ahly challenge

With World Sports on CNN, I have just rounded up one hell of a football crazy Saturday that started with Manchester United thumping Aston Villa 4-1, after the fans had decided that the team will be better off without David Moyes on the bench. ( I agree )

Lamido’s Freudian slip

The National Conference is turning out, as usual, to be a theatre of the absurd, with the thespians being the overused, same old players noisily grandstanding and beating their ethnic and religious empty barrels over mere trifles. There was this picture on the front page of Vanguard on Wednesday, March 27, 2014, in which one elderly man of nearly 80 years old was spoiling for a physical combat with an unseen opponent, while an equally elderly female delegate representing the market women, Madam Felicia Sani, was restraining him. I wondered: if the fisticuff was allowed to proceed who could that pugnacious Baba possibly beat up? If he lands a blow his hand will surely break!

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