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We do business to prosper stakeholders – Tony Elumelu

Tony Elumelu, Chairman of United Bank for Africa, UBA Plc and Heirs Holdings, emerged Vanguard Newspaper’s Personality of the Year. As a leading philanthropist in the area of entrepreneurship through the Tony Elumelu Foundation and an accomplished banker and businessman of good repute, with interests across key sectors of not just Nigerian but African economies, it became necessary to get his perspectives on the many issues that have challenged the Nigerian and African economies, as well as his perspectives on development strategies of the nations in the continent. He spoke to the team of Vanguard Business Desk including EMEKA ANAETO, the Business Editor, BABAJIDE KOMOLAFE, the Deputy Business Editor, and NKIRUKA NNOROM.

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Fidelity wins entrepreneurship support bank of the year at DAAR 2019 awards

FIDELITY Bank Plc has been adjudged “Entrepreneurship Bank of the Year” at the third edition of DAAR awards held in Abuja. The bank clinched the prestigious award in recognition of its unrivalled leadership position and consistency in enhancing the growth and development of Micro Small Medium Enterprises, MSMEs, in the country.

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FREE FLOAT, DELISTINGS: NSE may review free float rule, maintain liberal delisting rule

FOLLOWING the increase in the flouting of free float rule by quoted companies, the Nigerian Stock Exchange, NSE, is considering reviewing the rules to ensure that companies comply with the post listing requirement and avoid being delisted from the Exchange. Free float rule stipulates the minimum number of shares required by promoters of public companies listed on the NSE to be released to the investing public for trading at the stock market.

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Standard financial management for MSMEs (1)

Welcome to 2019 usiness year. Many may call it political or more appropriately, election year, while others would call it whatever that matches their vocation or profession, but for this column dedicated to start-up entrepreneurs it is a new business year, irrespective of whatever that is happening in the entire society. Don’t get distracted, discouraged or disillusioned by the environmental circumstances. Stay focused on your entrepreneurial journey. The situation/ circumstances will still change but your success targets remains.

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Why some banks fail, others succeed – Amangbo, Zenith Bank CEO

It is quite challenging when you look at it globally. If you look at what happened from 2015 when we had massive drop in oil  prices, it virtually affected almost every country but it affected us more as an oil  producer and as a country that relies so much on foreign revenue from oil. So that in itself was a big challenge on its own. But the key thing is that our previous fundamentals have always been based on prudence in Zenith Bank.

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Tax breaks, private sector investment will boost HDI — Economy analysts

AMIDST the challenges of trans-lating Nigeria’s population into real economic assets, economy experts at the just concluded third edition of annual Vanguard Economic Discourse have recommended use of tax incentives for private sector investment as a means of enhancing the quality of human life, otherwise known as human development index, HDI. However, they expressed divergent views on the nature of correlation between economic growth and HDI.

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