funds Archives - Vanguard News

Mutual funds asset under management hits N1.3trn on rate decline

On October 2, 20203:57 amIn Capital Marketby Urowayino Jeremiah

By Nkiruka Nnorom CAPITAL MARKET Equity researchers at Coronation Asset Management, a subsidiary of Coronation Merchant Bank, have disclosed that Mutual Funds’ Assets Under Management (AuM) has reached N1.3 trillion as at the end of June 30, 2020 following declining interest rate in the money market. They said Mutual Funds’ AuM is set to surpass
Read More

Start-up tasks govt on more fund for innovative food processing researches

On March 4, 20205:00 pmIn Newsby Oboh

Managing Director of Gracefm Seda Services Limited, Miss Florence Ogizeh, has called on the federal government to commit more funding on food processing research for safe products in Nigeria.

Repatriated funds’ll be utilized as agreed ― Presidency

On February 22, 20208:37 amIn Newsby David O Royal

By Johnbosco Agbakwuru The Presidency, on Friday, said that all the repatriated funds to the country have been earmarked for identified critical projects across the country in accordance with the agreement. The Presidency in a statement signed by the Senior Special Assistant to the President on Media and Publicity, Mallam Mallam Garba Shehu, said it
Read More

We've traced forfeited assets to 25 locations in Nigeria — FG

There is insufficient funds for national development -DG BPP

On February 9, 20201:47 pmIn Newsby Urowayino Jeremiah

The Director General, Bureau for Public Procurement, Mamman Ahmadu, has decried level of insufficient funds for national development of the country following the declining price of crude oil, the main source of financing the national budget.

Police assault Vanguard driver in Akwa Ibom

How regulators are repositioning mutual funds to spur investors’ participation

On November 13, 20198:06 pmIn Vanguard Money Digestby Nwafor

The regulators and operators in the Nigerian capital market are gradually repositioning the mutual funds apparently to shield it from shocks that come with foreign investors’ dominance. A similar dominance has already caused havoc in the equity market.

Cost of funds to fall as N632bn inflow halts scarcity of funds

On July 29, 20197:47 amIn Business, Finance, Newsby vanguard

THE scarcity of funds that caused cost of funds to rise by over 1000 basis points in the interbank money market last is expected to abate this week due to inflow of N632 billion from matured treasury bills and statutory allocation to states and local governments.

RECAPITALISATION: Foreign investors inject funds into 20 MfBs

On July 22, 20197:40 amIn Business, Finance, Newsby vanguard

Foreign investors have injected funds into 20 microfinance banks (MfBs) in a bid to aid their compliance with the new minimum capital requirement of the Central Bank of Nigeria, CBN.

Insecurity: We have shortage of funds, inadequate equipment, personnel, IGP tells the Senate

On May 7, 20199:02 pmIn Newsby vanguard

FOR two and half hours yesterday, Senators drilled the Acting Inspector- General of Police, IGP, Mohammed Adamu at the hallowed chamber.

MfBs push for implementation of NMP in intervention funds

On February 11, 20197:18 amIn Business, Finance, Newsby vanguard

THE National Association of Microfinance Banks, NAMB, has called for a full implementation of the National Microfinance Policy, NMP, in the application of intervention funds.

•Ikot Esen Rice nursery in Akwa Ibom State

A’Ibom rice farmers lament FG refusal to release funds

On November 6, 20189:25 amIn Newsby vanguard

UYO- OVER 3,000 rice farmers in Akwa Ibom State under the Federal Government Rice Farmers Association of Nigeria, RIFAN, scheme, are enraged that government had not provided funds to enable them clear their rice fields and transplant seeds from the nurseries.