Following the economic down-turn in the country in 2016 that resulted in zero activity in the primary equities market, recent data from the debt office shows that the bond market was not spared in the lull as only few companies were able to access the market to raise fund both in the domestic and international space. Mr. Ariyo Olushekun, Vice-chairman/CEO, Capital Assets Limited, spoke to Financial Vanguard on the issues involved. Excerpts:

Mr. Bode Akinboye is the Group Managing Director of Standard Alliance Insurance Plc. In this interview with Financial Vanguard, he addressed the current restructuring going on in the company and other issues in the insurance industry.

THE Managing Director/CEO, Airtel Nigeria, Mr. Segun Ogunsanya, has said that telecom firms in Nigeria can successfully list on the Nigerian Stock Exchange, NSE, and contribute significantly to the socio-economic development of the country barring challenges confronting operators in the sector. According to him, an enabling business environment, policies that promote ease of doing business and market forces in line with best practices are key factors that can encourage them to list on the Exchange.

JUDGING from my last experience obtaining a loan, I would say the process was fairly easy and straight forward. I was formerly banking with a particular bank and I had to transfer my funds to the new bank I wanted to obtain the loan from. The bank was able to process the loan within a month. It was not cumbersome at all. The repayment time and schedule were very convenient for me.

HERITAGE Bank Plc has signed N232million Pilot phase of Out-growers agreement with Biase Plantations Limited (BPL) and its joint venture partner, PZ Wilmar Limited.

THERE are strong indications that the total asset and liabilities of commercial banks in the country have crossed the N33 trillion mark, according to the economic report of the Central Bank of Nigeria (CBN) for May, 2017 released on Friday.

As at the end of the day we are able to close on a very sound note. We increased the premium income from $33.5million in 2015 to $49.6million in 2016 which is about 35 percent growth.

By Adaeze Okechukwu IN my opinion, obtaining loan from banks is actually not a bad idea especially when the loan is used for an investment that will yield a quick turnover thereafter.There are really very different types of loans facilities offered by banks to meet the individualistic nature of bank customers’ needs. The fixed term […]

AS the third quarter, Q3′ 17, enters into the third week, analysts in the capital market have said that consistency and sustainability of policies that are able to deliver solid macro-economic recovery in the near term will continue to keep the market in the upward trajectory.

ECOBANK Nigeria has announced the availability of its Naira denominated MasterCard for international transactions as well as increased daily limits customers can spend on their cards.

A MAJOR change has taken place in the board of one of the major oil marketing companies, MRS Oil Nigeria Plc, with Alhaji Sayyu Dantata resigning as chairman of the board.

THE Nigerian bourse closed the week bullish, in line with analysts’ expectations. Activity during the week was broadly bullish, as the market closed positive on all the trading sessions of the week with investors taking position in value stocks.

FOLLOWING the dearth of cheap capital in the Micro, Small and Medium Enterprises, MSMEs, in the country, the NASD OTC Securities Exchange Plc, has announced plans to create a window, Enterprise Platform, that will enable MSMEs access funds to power their businesses.

Though very important with serious implications for the transaction, most borrowers usually do not pay adequate attention to studying this document to understand the meaning of the terms therein and how it will likely affect the loan repayment.

THE much awaited full year 2016/17 financial results of Flour Mills of Nigeria Plc (FMN) was released late last week with revenue coming in 53 per cent higher year-on-year (YoY), less than significant deviation from analysts’ estimate of N524 billion.