CBN holds monetary rates steady for two years
Foe the 12th consecutive time in two years, the Central Bank of Nigeria (CBN) has retained all the monetary policy rates for the country.
Why processes are critical to any business
Every entrepreneur’s vision is to get to a point where their business venture can function effectively with or without their input. It is only that way the business can truly grow and expand.
Listing of N10.7b green bond may woo huge Diaspora funds
Beside the provision of liquidity, the capital operators have projected an attraction for the untapped Diaspora funds that seem to be left out in the nation’s developmental projects, through the listing of N10.69 billion Sovereign Green Bond on the Nigerian Stock Exchange (NSE). The development, according to the experts, portends a renewed optimism that will help in developing…
FMDQ admits Dangote Cement’s N50 billion debt instrument
The largest Commercial Paper (CP) notes’ issuance by a non-financial institution, hit the debt segment of the capital market, as FMDQ OTC Securities Exchange (FMDQ), at the weekend...
The challenges of remittances providers
Remittances and payment providers can make a change throughout Africa. Companies like Paga, M-Pesa, Payoneer, and Remitly, among dozen others companies, are trying to make transfer of funds to Africa cheaper than ever before. In 2017, the global remittances reached a record high and the average cost of remittances were still more than 7%. That’s…
Lagos cooperatives investment hits N152 billion
Ahead of the 2018 United Nations International Day of Cooperatives, the Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs. Olayinka Oladunjoye, has disclosed that Cooperatives investment has risen to N152billion Addressing journalists in Lagos yesterday, she said the importance of Cooperatives to the growth and development of the economy cannot be over emphasized. She…
Determining pricing by watching objectives and factors affecting
Determining product or service pricing can be very tricky especially in an unstable economy like Nigeria. It is a constant battle between trying to be profitable, competitive and affordable to customers
Dangote Sugar pays N21 billion in dividend, N121 billion on asset acquisition
Dangote Sugar Refinery Plc has increased dividend pay out to shareholders for the 2017 financial year by 192 per cent to N21 billion, translating to 175 kobo per share from N7.2 billion or 60 kobo per share in 2016, in line with its resolve to deliver decent returns on investments.
BDC-bank rates’ merger and search for end to multiple exchanges
It is a long-drawn battle and it has not been easy, even till now. That is not only the a good description of the many challenges that beset the foreign exchange market, but also the participants, particularly the licenced Bureaux De Change (BDCs).