Business

Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’

Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’

The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
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How dreamers can become doers

How dreamers can become doers

Maybe you’ve been called a dreamer your whole life – by others and by yourself. However, saying you are a dreamer or a doer is like saying you are good or bad. Nobody is 100 percent one way or the other, but they may lean more in one direction. It’s a spectrum, and the good news is that you can shift the paradigm so you’re a little more balanced.

DMO to raise N80.2bn worth of bonds on June 17

DMO to raise N80.2bn worth of bonds on June 17

The Debt Management Office (DMO) says it will raise N80.22billion worth of bonds in three categories on June 17. According to the DMO, in its ‘Bond Circular’ issued on Wednesday, the categories of bonds will include a 20, 10 and five-year bonds. It said that the 20-year bond would attract N40 billion, N15.22 billion for 10-year bond and N25 billion worth for the five-year bond.

NEPC chief seeks spedy approval of grants for exports

NEPC chief seeks spedy approval of grants for exports

A Director in Nigerian Export Promotion Council (NEPC) Mr Olajide Ibrahim, has appealed to the new administration to urgently approve the Pre-Shipment and Export Expansion Grant (EEG) to non-oil exporters. The grant was suspended early in 2015 for review.

Quoted companies and their shareholders in 2014

Quoted companies and their shareholders in 2014

One hopes that the Bureau of Public Enterprises/Ministry of Finance Incorporated would be able to tell the public what dividends have been earned from the Federal Government’s 49per cent stake in Geregu Power Plc. We would see from the above example that the reports and accounts of a company can provide useful information to the company’s shareholders and to others. The idea that the reports and accounts are meant solely for the purposes of the AGM is mistaken.

Shareholders okay Mainstreet Bank take-over by Skye Bank

Shareholders okay Mainstreet Bank take-over by Skye Bank

Shareholders of Skye Bank Plc have unanimously endorsed the acquisition of Mainstreet Bank Limited at the court ordered extra ordinary general meeting held immediately after the bank’s 9th Annual General Meeting held in Lagos. During the consideration of the bank’s proposed scheme of external restructuring which deals with the acquisition and how to consolidate the operations of both banks, the Chairman of the bank, Mr. Tunde Ayeni, disclosed that the Securities and Exchange Commission (SEC), had given its clearance to the scheme.