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 […]
Breaking: FG to commence crude oil tracking by 2019
The Federal Government, Moday, stated that from 2019, the country would begin tracking Nigeria’s crude oil and would be able to account for every drop of the commodity produced in the country.
Excess liquidity to persist as N214bn inflow boost interbank
THE interbank money market will this week enjoy inflow of N214 billion which will reinforce the volume of idle cash (excess liquidity) in the market leading to further moderation in cost of funds.
Update on economic recovery: Companies’ earnings hit N5.2trn, profit rises to N1.1trn
Leading companies across the sub sectors on the Nigerian Stock Exchange, NSE, have turned in their financial performance in the first nine months of this year showing real economic recovery with high expectation for full year 2017 bumper returns.
Govt borrowings are driving interest rates upward — Chioke, CEO, Afinvest
The banking industry is growing and there will be specialization for everyone. Even from the report, the size of growth over the years using any of the metrics recorded double digit growth in the industry overall. But the tier-1 banks are growing faster. What will happen in the industry is that there will be areas of specialization.
Insurance, pension marketers should be sanctioned for de-marketing one another — DG, Lagos Pension
Pension Fund Administrators (PFAs) and life insurers should work together to build a virile pension industry rather than fighting one another in a bid to retain market dominance. The competition between the two operators must be healthy to build confidence in the Pension Reform Act (PRA) 2014.
