THE products that excel in the market and are uppermost in the mind for consumers are those that have positioned themselves to meet both the realistic and unrealistic needs of customers.

MANUFACTURERS Association of Nigeria, MAN, has thrown its weight behind the plan by Standards Organisation of Nigeria, SON, to introduce a product authentication scheme, describing it as being in the collective interest of manufacturers and consumers alike.

THE Tin-can Island Command of the Nigeria Customs Service, NCS, has increased their revenue by 17.3 percent as they collected N183 billion between January and August this year, as against N156 billion collected during the same period last year. The highest collection by the Command during the period was N28 billion, which was recorded in August.

DO you want to expand your business, be more competitive in your industry or achieve certain goals? If you answered yes to any of the above, you need a business plan!

Last week, we began this series on Bank of Industry (BoI) loan facilities to Small and Medium Enterprises, SMEs. We noted some basic pre-requisites for companies wishing to apply for loan in the Bank. And we also listed out about 41 groups of businesses the Bank provides loan for while noting that you can write to the Bank in case you didn’t find your line of business in the list.

THE Bank of Industry (BoI) has disbursed about N3.5 billion to business men and women in Osun State, in fulfillment of part of its mandate to develop small and medium enterprises in the country.

Members of Retired Paramilitary Officers Association, RPOA, Kogi West chapter have appealed to the presidency, the Controller General of Prisons and authorities of Pension Transition Arrangement Directorate, PTAD, to pay them their approved retirement pension and other benefits due them.

Managing Director/Chief Executive Officer, of Law Union & Rock Plc, Mr. Jide Orimolade in this interview speaks on  how the recent flood in some parts of the country has compelled the company to adopt dynamic rating. By Rosemary Onuoha and Cynthia Alo WITH the recent floods in some parts of the country, do we expect […]

THE latest Hurricane Harvey cost estimates show about 70% of home damages caused by flooding won’t be covered by insurance.

SIX of the world’s biggest   banks have joined a project to create a new form of digital cash that they hope to launch next year for clearing and settling financial transactions over blockchain, the technology underpinning bitcoin.

THE Nigeria Deposit Insurance  Corporation (NDIC) has called on bankers in the country to pay more attention on financial literacy and consumer protection issues.
Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim made this call while speaking at the Chartered Institute of Bankers of Nigeria (CIBN) Graduates’ Induction and Prize Award Day in Lagos.

One of the focus of the Governing Board of NCRIB is to continually give value to members and enhance their compliance with the regulatory requirements expected of them. The Board has just approved the proposal for a shared service agreement where software is designed to assist members comply with NAICOM requirements and avoid penalties. Circulars explaining the full details of this initiative will be circularized to members. 

INVESTMENT analysts in the Nigerian capital market have said that activity in the equities market will be dotted by a mixture of profit taking and bargain this week.
According to Dr. Samson Amedu, Managing Director/CEO, Alangrange Securities Limited, the mixed performance would be driven by window dressing by fund managers who usually re-evaluate their portfolio at the end of each month.

COST of funds in the interbank money market is expected to maintain downward trend this week with N135 billion cash inflow enhancing market liquidity.
Last week, cost of funds (short term) dropped by over 400 basis points (bpts) following inflow of N201.2 billion which boosted market liquidity and minimised volatility.
The N201.2 billion inflow came from payment of matured treasury bills worth N101.2 billion and payment of matured FGN bonds worth N100 billion. This moderated the impact of outflow of N261.6 billion for investment in treasury bills (bills) during the week.

The issue is that of multiple taxation on individual investors is worrisome because whenever a company declares dividend, before it gets to you, they will deduct 10 percent withholding tax and this is after the government must have taxed the company’s profit.