In Order to adequately fund critical projects in Nasarawa state, the state government has sought and obtained a loan approval of N5bn private bond issuance by the state House of Assembly. It would be recalled that the state government had approached the state House of Assembly for its support and approval of N5bn only which […]

The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed by the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency Committee to speedily resolve the challenges in recovering the debts. Vice President Yemi Osinbajo, SAN, inaugurated the Committee on Monday at […]

As the insurance industry digs deep into the recapitalisation programme set to terminate by mid-2020, an industry analyst has hinted of a possible threat to the benefits of a successful programme.

Union Bank supports women capacity building with Alpher

DESPITE the sluggish economic growth and headwinds recorded in the first half of 2019, HI’19, aggregate growth rate in topline (gross earnings) and bottom-line (Profit Before Tax, PBT) of both tier-1 and tier-2 banks listed on the Nigerian Stock Exchange, NSE, tipped up to 5 percent and 11.6 percent to N 2.2 trillion and N561.3 billion.

By Peter Egwuatu & Nkiruka Nnorom THE Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has revealed that the value of total global spending on all financial market data, analysis and news has been estimated at about $28.5 billion. He disclosed this at the fourth edition of the NSE Market Data […]

At the last Vanguard Economic Forum Series, which focused on leveraging Fintech innovation for unlocking growth and competitiveness in Nigeria’s mobile money market and payment ecosystem, Professor Olayinka David-West, Academic Director, Lagos Business School, Pan Atlantic University, delivered the keynote speech. She harped on the importance of adaptation of the innovative products and services to the largely informal sector of the economy to enhance financial inclusion.

By Paul Olayemi A wonder bank posing as empowerment trading, investment agency has defrauded its customers of over N20 million in Sapele Local Government Area, of Delta State. The wonder bank, Achievers Biz Economic and Development Scheme, located at number 44 Dedevwo road, Gana area, Sapele, opened its office a month ago, encouraging depositors to […]

A high Commissioner of Sierra Leone to Nigeria, Dr. Solomon Gembeh, says implementation of the Economic Community of West Africa State (ECOWAS) single currency will reduce the dependency of member states on the west. Gembeh gave the view in an interview with the Newsmen on Saturday in Abuja. He called on member states to work […]

Insists P&ID has no presence anywhere How project failure affected Addax’s plan to end gas flaring By Soni Daniel & Udeme Akpan As Nigeria goes on appeal to set aside the huge cash awarded by a British commercial and arbitration court to an offshore compaany over a botched gas supply contract, indications emerged, weekend, that […]