NDIC’s academy to lead African peers
The Nigeria Deposit Insurance Corporation (NDIC) is set to lead the region in enhancing capacity and bridging skills gaps in the banking industry in general and the Deposit Insurance Scheme (DIS) in particular.
Stakeholders call for review of customs duties, taxes on trade
Stakeholders have stressed the need for government to review its laws on customs duties, taxes and harmonise administrative requirements in relation to procedures, predictability and communicate transparently, as well as enhance regulatory cooperation and coordination.
GlaxoSmithKline pledges to maximise existing business opportunities
GlaxoSmithKline Consumer Nigeria Plc, a subsidiary of GSK Plc, has assured shareholders that it would continually maximise existing business opportunities with renewed commitment to sustainability, through investment, product innovations and capacity development.
Seplat to increase exports to 30,000 bpd through Warri jetty
Seplat Petroleum Development Company Plc has announced plans to increase exports through the Warri jetty to a gross average level of 30,000 barrel per day.The company, which recorded significant increase in gas revenue to $105.5 million.....
Afreximbank seals $1.2b dual currency deals
The African Export-Import Bank (Afreximbank) has concluded a record $1.16 billion dual-tenor and dual-currency syndicated term loan facility, structured as $632.9 million and 499.6 million euros.
Revisiting the fiscal purse
The success of the FGN’s expansionary fiscal agenda rests on its ability to release funds for capital programmes. Last year the (gross) federally collected revenue stood at N5.7trn, equivalent to 8.3% of total GDP in 2016. This was driven primarily by non-oil revenue collection.
Sterling Bank, LEAP Africa plan development of 1,000 SMEs
Sterling Bank Plc is supporting LEAP Africa to train more than 1,000 operators of Small and Medium Enterprises (SMEs) at the 12th yearly CEOs’ Forum holding in Lagos today.
May & Baker informs shareholders on new production line
Shareholders of May & Baker Nigeria Plc may soon receive bumper returns on their investment, as the Federal Executive Council (FEC) on Wednesday, ratified its 12 year agreement with the pharmaceutical firm for local vaccine production.
Ecobank unveils more banking lounges
Ecobank Nigeria has unveiled three additional lounges in Uyo, Port Harcourt, and Abuja, meant for its “Advantage Customers.”The innovation was scripted to offer dedicated banking services targeted at the upwardly mobile customers and generally, professionals in various fields.
Rising poverty, unemployment and quest for growth
Enugu-based Development Strategy Centre (DSC), in a chat with The Guardian at the weekend, queried Nigeria’s growth realities, which it said had defied the natural expectations that gains from economic growth should naturally and automatically trickle down to the poor.