Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Agricultural Sector: Full year earnings prospects promising
The agricultural sector is dominated by oil palm producing companies, which are experiencing a recovery in earnings growth after a period of slowdown. The earnings prospects for the operators here usually change with changes in product yields – which is a weather dependent factor. This tends to create an unstable pattern of growth in revenue and profit.
FG can finance N2.2trn budget deficit via capital market – NSE boss
The Chief Executive of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has said that the outstanding federal government N2.2 trillion budget deficits could be effectively financed through the instruments in the capital market. He stated this while appraising the performance of the stock market in 2015 and making projections for 2016, saying: “The capital market has an opportunity to effectively finance the FGN’s proposed budget deficit for 2016 and the implementation of its Medium Term Expenditure Framework (MTEF).”
E-Dividend: Banks dare SEC, charge investors N3,150 verification fee
Commercial banks in the country are flouting the directive of Securities and Exchange Commission (SEC) on the e-dividend iportal nitiative. While SEC directed that registration on the portal will be free for investors in the first 90 days, investigations reveal that some banks are charging investors as high as N3,150 to register on the portal. Financial Vanguard investigations reveal that some banks as at Friday, charged investors as high as N3,150 for verification and stamp on mandate form.
NDIC issues deposit insurance guidelines for mobile money
The Nigeria Deposit Insurance Corporation (NDIC) has released the deposit insurance guidelines for mobile payments systems. Mobile payment refers to the use of mobile telephone technology for payment and financial transactions. In a statement announcing the guidelines, NDIC said that deposit insurance for mobile payment system is known as “Pass-Through Deposit Insurance scheme.”
Business enterprise is the answer for change in Nigeria
Huge strides have been made in the last few years to try to tackle the many endemic problems which assail the country with political and economic stability being seen as the key weapons in attacking the corrosive influence of corruption. Whether the actions being taken on the ground now lead to dramatic improvements in levels of transparency and levels of corporate governance remain to be There have been a number of improvements that is allowing Business enterprise to grow. If these improvements continue and more are created, then Nigerian can escape its third world status and become an emerging economy.
