The Lagos State Employment Trust Fund (LSETF) posted 41.7 percent effectiveness in the funding of micro, small and medium enterprises (MSMEs) in the state by 2018, a report of Social Impact Assessment (SIA) of activities of the Fund between 2017 and 2018 has revealed

Stanbic IBTC has expressed its commitment to promote entrepreneurship in the country as it continues to empower the youth in nation building.

Domestic retail investors have commended the decision of the Securities and Exchange Commission, SEC, to initiate rules that will facilitate transmission of investments of a deceased shareholder to the next-of-kin, saying that it will further reduce the incidence of unclaimed dividends currently put at over N100 billion in the market.

The number of companies raising short term debt through commercial papers (CPs) programme from the capital market ballooned last year following reluctance by deposit money banks to allocate funds to the private sector.

Some members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has called for increased targeted lending to Micro, Small and Medium Enterprises (MSMEs)  to address the nation’s sluggish economic growth.

After taking a hit from the postponement of the presidential and parliamentary election last week, investment analysts have said that the equities market will reverse the losses post-election.

FirstBank has announced its ongoing Visa on mobile (QR) payment promo to reward customers with various discounts for using the QR payment on the FirstMobile App while carrying out transactions with select partner merchants. The promo is billed to end on 28 February 2019.

Alan Greenspan, the US Federal Reserve Bank Chairman from 1987 to 2006, wrote (in his 2007 book THE AGE OF TURBULENCE) about his greatest worry when September 11 happened in the USthat  ‘If you wanted to cripple the U.S. economy, you’d take out the payment systems. Banks would be forced to fall back on inefficient physical transfers of money.

The Chief Operating Officer (COO) of MTN, Mazen Mroue spoke with Vanguard after the  MTN Season of Surprises campaign. He narrated that in 2018 the company visited 90 communities within 31 states of the federation giving various gifts to subscribers not minding the network they subscribe to. Excerpts.

Fidelity Bank, in a bid to promote savings culture, has rewarded over 123 customers with   N68 million cash prizes and 72 consolation in it Get Alert In Millions season three  promo.

The bullish trend witnessed in  the over-the-counter (OTC)  market for FGN bonds at the close of last week’s trading is expected to continue this week with further increase in prices.

The key areas of focus are for the MfBs players to be able to support the micro traders through granting of micro loans to traders and through structures such as cooperatives. This is a key area where the MfBs sub sector should be focusing on in the New Year and this is also a good development because these are the areas that requires such intervention and would help the economy grow from the grass root level.

By Princewill Ekwujuru Following the conclusion of the nationwide auditions for Big Brother Naija (BBN) season 4, MultiChoice Nigeria has announced a call for special online auditions from February 25th to 27th, 2019. Speaking on the new online BBNaija auditions, Chief Executive Officer of MultiChoice Nigeria, Mr. John Ugbe said: “We are giving more Nigerians […]

Professor Akpan Ekpo, the Immediate Director General, West African Institute for Financial and Economic Management and former Vice-Chancellor, University of Uyo, Akwa Ibom, in this interview  sets economic agenda for the post election government stressing that the country has the resources to move millions of people out of poverty.  He also blamed the persistent power supply problem on the elites who he averred are not interested in solving the problems of the power sector.

THE Nigeria Deposit Insurance Corporation, NDIC, said that decision to  liquidate the defunct Fortis Microfinance Bank was taken after efforts to resuscitate the bank proved abortive.