THE Nigerian Stock Exchange, NSE, has said that it will dialogue with the Central Bank of Nigeria, CBN, in implementation of a fresh banks’ recapitalisation as capital base weakens.

The newly appointed Chief Executive Officer of Standard Chartered Bank Nigeria, Mr Lamin Manjang, in this interview explained the mission of his bank and his tenor in Nigeria while speaking on sundry banking industry issues such as sustainability banking, mobile money, recapitalization.

TOTAL Nigeria Plc has berated the government over multiple taxes imposed on corporate entities by both the federal and local governments in the country, even as it declared N5.7 billion dividend for the financial year ended December 31, 2018.

ABEOKUTA—Men of Ogun State Police Command have arrested two suspected members of a syndicate that specialised in robbing people of money withdrawn from Automated Teller Machines, ATM.

Kano State Emirate  Council has vowed to sue the state anti-corruption agency for contempt of court.

 I can say categorically that it is not recapitalisation that matter, what matters is the performance of each bank, aside that, they should allow banks to grow organically, not by forcing them to recapitalize. Some banks are in the rural area, they don’t need more than N20 million to perform. It is those banks that their capital has been eroded through bad debt that want the Central Bank of Nigeria, CBN to enforce recapitalisation. Some Unit MfBs do not have N50 million required by the CBN.

Mrs Omolola Ajani is the Chairperson of the Abuja Branch of NECA’s Network of Entrepreneurial Women, NNEW, a platform established under the aegis of Nigeria Employers’ Consultative Assembly, NECA. In this interview with our team in Abuja, she outlines efforts of her organization in building sustainable businesses among Nigerian women.     She notes that women businesses are yet to feel the impact of the federal government Ease of Doing Business initiative, while outlining the agenda for tomorrow’s training programme with the theme, “Instituting Corporate Governance in Our Businesses.”   Excerpts:

THE Tony Elumelu Foundation (TEF), Africa’s leading entrepreneurship platform, has announced the line-up of speakers and activities for the 5th Tony Elumelu Foundation Entrepreneurship Forum, the largest annual gathering of African entrepreneurs.

THE unrelenting Apapa traffic gridlock as well as the unchecked dumping of consumer goods in the country have continued to take their toll on the financial state of companies in the Fast Moving Consumer Goods, FMCGs, segment.

STANBIC IBTC Holdings Plc reduced its Non Performing Loan, NPL, to 3.9 per cent in the financial year ended December 31, 2018 from 8.6 per cent in the corresponding period of 2017.

CHEMICAL and Allied Products, CAP Plc, has said it is poised to take advantage of the structural reforms that will be undertaken by the federal government in the housing and real estate sector this year to boost revenue and returns to its shareholders.

FOLLOWING the four days bear run on the Nigerian Stock Exchange, NSE, last week, investors lost N78 billion as market capitalisation declined to N13.154 trillion from N13.232 trillion penultimate week

THE declining trend of stop rates in    the monthly FGN bond offer is expected to persist this week when the Debt Management Office, DMO, conduct the June offer of  N100 billion.

MEMBERS of the Monetary Policy Committee, MPC, of the Central Bank of Nigeria have called for development of a strong consumer credit system in the country, stressing that this is a requirement for boosting economic growth.

RAND Merchant Bank, RMB, Nigeria will this week hold its economic and business conference with the focus on catalysts for an inclusive real sector growth in Nigeria.