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 […]
CBN mandates banks to establish code of conduct
The Central Bank of Nigeria, CBN, has directed banks in the country to set up codes of conduct that would guide their practices and detail their compliance to highest ethical and professional standards, even as it announced plans to review its code of corporate governance and issued new guidelines for whistle-blowing in banks.
Lekki FTZ targets 500 million consumers in West Africa
Lekki Free Trade Zone (LFTZ) has said it’s targeting over 500 million consumers in West Africa as the primary consumers of its products and services. This is even as the Minister of Trade and Investment, Olusegun Aganga, says the zone needs infrastructures to succeed.
SEC’s dematerialisation deadline unrealistic – ICMR
The Institute of Capital Market Registrars (ICMR) said on Tuesday that the January 1, 2013 deadline for dematerialisation of all share certificates was not realistic.
IFC, Africa Fund provide N11bn loan to Diamond Bank
The International Finance Corporation, IFC and the Africa Capitalization Fund, yesterday, announced plans to provide a convertible loan facility, worth about N11.2 billion ($70 million) to Diamond Bank Plc.
FIIRO refutes IITA’s claim on cassava bread initiative
FEDERAL Institute of Industrial Research, Oshodi (FIIRO) has flayed International Institute of Tropical Agriculture (IITA) over its claim to have initiated cassava bread production.
