In keeping with its promise to support Emerging Businesses, Diamond Bank recently hosted its 63rd Diamond Business Seminar on 24th of August, 2017 at Atrium Facilities and Services Limited, Port Harcourt, Rivers State. The Diamond Business Seminar is a monthly initiative focused on improving the capacity of Micro Small and Medium Scale Enterprise (MSME) business […]

AS Nigeria joins other nations in the use of energy efficient appliances, Standards Organisation of   Nigeria (SON) has given February, 2018 as deadline for importation of   fridges, and air conditioners among other products that are not energy efficient. The organisation also fixed 2019 for locally manufactured ones. 

David Adonri, Managing Director/CEO, Highcap Securities Limited, spoke of the impact of the loan provision by the banks and said it would position them to deliver better and sustainable profit and improved returns to shareholders.

THE interbank money market will, this week, receive liquidity boost of N193 billion from maturing treasury bills prompting further decline in cost of funds.
Last week, the market was gripped with intense scarcity of funds, which caused cost of short term funds to rise above 100 per cent in the first half of the week, before dropping below 15 per cent in response to inflows from matured treasury bills (TBs) and statutory allocation funds.

Mr. Val Ojumah is the Managing Director of FBN Life Assurance Limited, a member of First Bank Group. In this interview, he reiterates that companies that want to gain market share should lay less emphasis on government business.

THE downward trend in the equities market will continue this week amidst bargain hunting and profit taking activities, capital market operators have said.
They noted that the strength of sell pressure over buy pressure will guide the equities index lower in the absence of fundamental drivers to determine investors’ sentiment.

WE are happy that domestic retail investors are returning. This is because of what we see in the economy now. The government has shown that it has become more committed in improving the economy through the ease of doing business policy that they just put in place. Also, we have seen the recent improvement in liquidity via-a-viz the continuous reduction in inflationary pressure and monetary policy improvement. So, we are very glad when all these things are happening.

The tendency for most insurance brokers to focus on big ticket businesses of government is responsible for the low level of insurance penetration in the country.

The insurance sector paid over N100 million as fraud claims to five banks in 2015.

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.

Loan recovery is a big challenge in the microfinance industry because we don’t have the prerequisite data in this sub-sector like in other clime where they have accurate data. With data you can track your loan customers, though the Bank Verification Number (BVN) is trying to help in this regard but as it is, the cost of acquiring the data capturing machine for microfinance banks is high.

SHAREHOLDERS in the nation’s capital market have taken a swipe on the Financial Reporting Council of Nigeria, FRCN, over alleged waiver fees it places on Chief Finance Officers, CFOs, and audit committee chairmen of quoted companies, who are not members of the Institute of Chartered Accountants of Nigeria, ICAN.

GOVERNOR Of the South south and south east region have reaffirmed their faith in the unity of the country, promising to promote an indivisible country.

DESPITE recent profit takings in the equities investors in the Rights Issue of Unilever Nigeria Plc are still on massive discount of over 27 per cent following the price surge in the equity shortly after the offer opened last month. The Rights Issue is closing next week.

STERLING Bank Plc has unveiled the Recyclart Competition in a bid to influence how Nigerians dispose of items that could be recycled and change the way they relate to the environment. Chief Marketing Officer of Sterling Bank, Mr. Henry Bassey, who disclosed this in a statement in Lagos, said the Recyclart competition is intended to […]