Statutory allocation funds to lower cost of funds By Babajide Komolafe NIGERIA’s external reserves will  rise to 54 months high of $45 billion this month following the conclusion of federal government’s $2.5 billion Eurobond this week. The Eurobond, which commenced last week with the announcement of its pricing on Thursday, will be concluded on Friday. According […]

If you want to make a sale, if you are sure nobody will accept it from you, you reject it, but if you are sure somebody will take it from you, or if you take it to the banks, they will take it, you can accept it

YOUR bank account becomes dormant if you don’t use it to perform any transaction for two years. Such transactions include withdrawal of cash at a branch or Automated Teller Machine (ATM), payment by cheque, transfer of funds through Internet banking, mobile banking or ATMs, receiving dividend on shares or the interest of your fixed deposit in your savings account.

AGAINST the bear run that ruled the stock market last week and saw all the sectors close in the red, investment bankers and stockbrokers have said that the industrial goods sector will benefit immensely from the proposed N2.4 trillion capital expenditure in the 2018 budget.

The inter-bank Foreign Exchange Market has received 210 million dollars from Central Bank of Nigeria (CBN) to meet customers’ requests in various segments of the market.

THE number of companies flouting   the post listing requirement of the Nigerian Stock Exchange, NSE, regarding timely disclosure of financial performance rose by 37.5 percent in 2017, prompting shareholders to call for sanctions on directors of the companies. 

National Insurance Commission, NAICOM, has imposed $4 million on some insurance companies  for non-compliance with  operational rules and guidelines.

IN the course of my work as Commissioner for Lagos State Ministry of Establishments, Training, and Pensions, I have come to appreciate, more than ever before, the importance of business and professional ethics for both economic growth and other important aspects of development.

Nigeria’s  insurance penetration of 0.4 percent has been described as one of the lowest  in Africa.

Mr. Victor Chiazor, analyst at Capital Bancorp Plc, in this  interview  speaks on issues that will influence the Nigerian stock market, interest rate and the economy in general in 2018

YOUR bank account becomes dormant if you don’t use it to perform any transaction for two years. Such transactions include withdrawal of cash at a branch or Automated Teller Machine (ATM), payment by cheque, transfer of funds through Internet banking, mobile banking or ATMs, receiving dividend on shares or the interest of your fixed deposit in your savings account.

STANDARD Chartered Bank, SCB Nigeria has been named as the Best Overall Bank for Cash Management in Nigeria by Global Finance. Global Finance released the rankings for its 18th annual Best Treasury and Cash Management Banks and providers by category, region and by country recently.

The Nigerian Export Import (NEXIM) Bank and the House of Representatives Committee on Banking and Currency has restated plans to resuscitate the moribund Multi-Tex Integrated Plc, a cocoa manufacturing and processing company.“The Managing Director, NEXIM Bank, Mr Abba Bello, stated this during the tour of Multi-Trex facilities by members of the House of Representatives Committee on Banking and Currency and the management of Multi-Trex in Ogun State, Last week Friday.

ECONOMISTt and financial analyst, Mr. Opeyemi Agbaje, has criticized the federal government’s debt-led economic strategy, advocating an investment-led strategy in managing the nation’s economy.

THE Federal Government has begun implementation of deliberate plans and policies targeted at making the country’s transport and shipping businesses become leading employers of labour and major contributors to the national Gross Domestic Product, GDP.