First Bank named Nigeria’s strongest brand in 2026 by Brand Finance
First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]
Why Issuing Houses, Lagos govt are partnering to float Commodity, Futures Exchange —-Ezeagu
The Chairman, Association of Stockbroking Houses of Nigeria, ASHON, Chief Patrick Ezeagu, in this interview, spoke on the proposed establishment of Lagos Commodity and Futures Exchange (LCFE) in conjunction with the Lagos State Government, investors’ confidence in the stock market and other market activities. Excerpts By Peter Egwuatu WHAT informed ASHON’s decision to float Lagos […]
Dangote Sugar commits N121bn on backward integration programme
THE Chairman of Dangote Sugar Refinery, DSR Plc, Alhaji Aliko Dangote, has said that the company spent N121billion in 2017 in pursuit of its backward integration programme.
N1.6 trillion released for capital projects in 2017 budget – Adeosun
THE Federal Government has announced that a total of N1.6 trillion (N1,580,270,755,084.44) capital cost was released to Ministries, Departments and Agencies for the 2017 federal budget. Minister of Finance, Kemi Adeosun, made this known in Abuja, yesterday.
FG directs MDAs to authenticate Tax Certificates before payment
The Federal Government has mandated all Ministries, Departments and Agencies (MDAs) of government and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes.
PenCom approves N1.8bn for enbloc, foreigners’ pension
The National Pension Commission, PenCom, has granted approval for the enbloc payment of N1.81 billion to 3,403 retirees being the entire balances in their Retirement Savings Account, RSA, in the fourth quarter of 2017.
FIRS outlines strategies to check circumvention of tax rules
The Federal Inland Revenue Service (FIRS) yesterday outlined measures to check circumvention of tax rules by companies practicing Base Erosion and Profit Shifting (BEPS) in Nigeria.
Prestige Assurance grows profitability by 140%
PRESTIGE Assurance Plc has recorded 140 percent increase in its Profit After Tax, PAT, for the financial year ended December 2017.
Insurance operators worry over 90-day claims settlement period
SOME insurance operators have expressed concern over the 90 days period given to underwriters to settle claims saying it is being exploited by some firms to delay claims payment.
Economy: All must work together to deliver the change Nigeria needs
SO much has been said about Nigeria’s economy, with different interests espousing differing views and pushing divergent narratives – some positive and others negative. Most of those pushing the negative, do so from a point of how they feel and what they seem to be seeing; while those pushing the positive, rely largely on the fundamentals as they continue to emerge.
Experts link rising bank fraud to weak controls, poverty
FINANCIAL sector experts have blamed the rising incidences of insider-related fraud cases in banks on poverty and weak internal control measures in banks. Recall that the Nigeria Deposit Insurance Corporation, NDIC, in a recent statement disclosed that fraud cases attributed to internal abuse by banks’ staff rose by 39 percent to 320 in 2017 from 231 in 2016.
