Emerhor faults Uduaghan, says South-south, South-east did not vote PDP
All Progressive Congress, APC, governorship candidate for Delta State in the April 11 election, Olorogun Otega Emerhor, has faulted Governor Emmanuel Uduaghan's recent claim that the South-South and South-East geo-political zones voted 90 percent for the Peoples Democratic Party, PDP, while the rest of Nigeria voted for the APC.
NMRC set to refinance N10bn mortgages
In line with its mandate of bringing liquidity into the mortgage market, the Nigeria Mortgage Refinance Company (NMRC) has concluded plans to refinance N10 billion mortgages in the market this month. Prof. Charles Inyangete, CEO, NMRC, disclosed this at a Public Awareness and Capacity Building Workshop organised by the company in Lagos.
Access Bank shareholders okay N5.7bn dividend, laud cost reduction
Access Bank Plc shareholders have unanimously approved the N5.7billion dividend proposed by its Board of Directors for the financial year ended December 31, 2014, just as they commended the management of the bank for its prudent management of cost of operations. The shareholders at the bank’s Annual General Meeting, AGM held in Lagos appreciated the Board of Directors for the proposed dividend which translates to 60 kobo per share, including the 25 kobo interim dividend.
NB shareholders to approve N27.7 bn dividend
Shareholders of Nigerian Breweries, NB Plc are expected to approve N27.7 billion dividend that would be proposed by the Board of Directors of the company at the forth coming 69th Annual General Meeting, AGM of the company. The Managing Director/CEO, Nigerian Breweries Plc, Mr. Nicolaas Vervelde at a pre AGM Press briefing in Lagos disclosed that the Board of Directors of the company would propose N27 billion dividend ( (translating to N3.50 per share ) to the shareholder at the company’s 69th AGM that would hold next week Wednesday in Lagos.
Why Nigerians shun mortgage schemes
The inability of prospective homeowners to readily come up with the required equity contribution on mortgages has been identified as one of the factors slowing down the process of mortgage origination in Nigeria, Financial Vanguard investigation has revealed. It also partly explains the nation’s huge housing deficit of more than 17 million homes.
‘Nigeria’ll borrow by mid-year to meet obligations’
Standard Chartered Bank has forecast that Nigeria is likely to raise capital from the international debt market by the second half of the year, 2015 to meet some of its obligations. It also stated that Nigeria’s weakening fiscal buffers as a result of the sustained low oil price may result to a current account deficit in the country’s balance of payments this year.
