We’re ready to settle with NCC —MTN
LAGOS —MTN Nigeria has expressed readiness to settle dispute with the Nigerian Communications Commission, NCC, over the N1.04 trillion fine incurred for non deactivation of some improperly registered subscribers on its network.
Economy hasn’t collapsed – Amaechi
The Minister of Transport, Mr. Rotimi Amaechi, said Nigerian economy has not collapsed as being speculated, stressing that the year 2016 is going to be tough given the fact that crude oil price has not stabilised. Also, a renowned financial expert, Mr. Bismarck Rewane has said that the Federal Government’s fiscal and monetary policies need to be harmonised in order to give investors confidence to invest in the country.
Tiwa Savage leads Pampers campaign
Procter & Gamble (P&G) Nigeria, a consumer goods manufacturing company has picks popular R&B singer, Tiwa Savage to lead its new campaign “#MomsKnowBest” for its flagship brand, Pampers Baby-Dry diaper.This was disclosed at the unveiling of the campaign with the new television commercial, TVC of Pampers Baby-Dry Diaper held in Lagos.
Commercial banks should grant loan to MfB’s – IFC
The International Finance Corporation has advised Commercial Banks in Nigeria to see it as a duty to assist in funding Microfinance Banks (MfBs) in the country. Country Manager for IFC Nigeria, Eme Essien-Lore, gave the advice at a function in Lagos, where she said that there are lots of potential for commercial banks to be lending to microfinance banks in the country than looking for external capital.
Expected lower aggregate consumption in 2016
When Morita wrote the article from which that statement was lifted in 1992, I was a Senior Lecturer/Consultant at the Nigerian Institute of Management, NIM, and an avid reader of the Harvard Business Review. That explains why the VBQ is filled with insights from the HBR. But, in 1992, Japan was the second largest economy in the world and the second biggest manufacturer; the USA was first in both. China was nowhere in sight and the VBQ was still fifteen years away from being published. But, I had started on it.
Insurance companies, others owe banks N790bn
Insurance companies and other financial institutions are indebted to commercial banks to the tune of N790billion as at September 2015, according to the Central Bank of Nigeria (CBN)’s 2015 Quarterly Statistical Bulletin. The indebtedness of insurance companies, capital market operators and other financial organisations to banks in the country was N763, 392.26 in December 2014 and rose to N849, 595.55 in August 2015 before it went down to N790, 241.68 as at September 2015.
