Access Bank Plc may have empowered the Small and Medium scale Enterprises (SMEs) in the country as its loan portfolio reaches N60 billion mark.Besides, the bank disclosed that it currently has about 250,000 SMEs’ accounts, which it hoped to double in a short while.
Experts task audit committee on banks’ reports, others
To achieve robust financial reporting and safeguard assets of banks, financial experts have stressed the need for audit committee members to focus more on issues around internal controls, reporting, disclosures and information technology in the discharge of duties in their respective institutions.
ACCA chief woos army finance team to partnership
The Association of Chartered Certified Accountants (ACCA) has commended the Nigeria Army Finance Corps team for support to some students of the accounting body, who also are members of the force.
Banks’ stocks lift NSE’s turnover by N30b
Heavy transactions in the shares of some banks, especially FCMB and United Bank for Africa (UBA), last week, lifted the volume of shares traded, as a turnover of 3.008 billion shares worth N30.296 billion was recorded in 24,036 deals by investors on the floor of the Nigeria Stock Exchange (NSE).
‘Research has shown that credit penetration is still very low in Nigeria’
Having access to credit no doubt will have positive impact on the social economic development of any country particularly its GDP. With recession out of the way and ease of doing business in Nigeria getting a global...
The desperate journey of the naira
It is a noteworthy development that Nigerian workers are contemplating the necessity of asking for a salary review. The minimum wage remains N18,000.00 per month, which may not be enough to feed a senator’s dog for the same period. It is true that Senator Shehu Sani some weeks past has revealed to us the best…
Shareholders demand Adeosun’s sack over Oando saga
Three shareholders’ groups have call for the immediate sack of the Minister of Finance, Mrs. Kemi Adeosun, for her unwholesome interference on the affairs of the Securities and Exchange Commission (SEC).
FMDQ OTC admits N100 billion infrastructure Sukuk on platform
Efforts to tackle the nation’s infrastructure deficit is yielding a reasonable result, as the Federal Government through the Ministry of Finance, and the Debt Management Office (DMO), last week, listed the ₦100 billion Federal Roads Sukuk on the FMDQ OTC Securities Exchange platform. The seven-year, 16.47 per cent Ijarah Sukuk due 2024 and the first…
Legacy Fund’s $2.5 IPO records 144 per cent oversubscription
Legacy USD Bond Fund, a mutual fund managed by First City Asset Management Limited (FCAM), recorded an impressive 244.44 percent subscription in its Initial Public Offering (IPO). The result of the IPO, which has been approved by the Securities and Exchange Commission (SEC), implies that the Fund attracted $6.111 million, which represents an oversubscription of…
Adeosun, Emefiele join economic experts to discuss global issues at IMF/WorldBank meeting
The Minister of Finance, Mrs Kemi Adeosun and Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, left Nigeria for Washington DC on Sunday to join other economic experts from around the world to discuss issues affecting global economy.
Investors lose N239 billion in four trading days
At the end of last week’s transactions on the equity sector of the Nigerian Stock Exchange (NSE), the bearish performance in the local bourse was sustained...