CASHGATE Scandal Destroyed Malawi’s MACROECONOMIC Outlook: IMF
Malawi, one of Africa’s poorest economies is reeling from effects of the 2013 cashgate scandal that saw the country losing about 1.2 billion rand of public funds through looting, theft and corruption. The scandal saw the country with almost 37 per cent of its budget coming from foreign support losing financial support and aid injection…
The Four Principles of Sustainable Business Success
CALL it a slow down or a recession, the impact is the same - times are challenging. You now must look with greater attention at what you do, the decisions you make, and their impact on service, performance and profitability. Surviving the recession is not just about cutting expenses - it is about changing how…
Latest Trends in Human Resource Management
HUMAN resource management is an extremely difficult task to perform. They are entrusted with the working of the company. They devise proper plans to ensure the best results. Their efforts and fulfillment of responsibilities keep the working of the organization smooth. Human resource management keeps the working of their employees in record and make sure…
Skye Bank issues N100 billion Commercial Paper
NIGERIA’S next mega bank, Skye Bank has today signed an agreement with StanbicIBTC Bank and Financial Market Dealers Quotation System (FMDQ) to issue N100billion in commercial paper to increase its ability to do more transactions.
NCC plans cheaper Internet access, price caps on cable transmission
FOR market competitiveness and to ensure affordable ubiquitous Internet access in the country, the Nigerian Communications Commission (NCC) is planning to set price caps on the cable transmission segment of the nation’s $32 billion telecommunications market after a careful cost based determination has been completed.
Provision of power key to SMEs’ growth, says Jonathan
RESIDENT Goodluck Jonathan yesterday commissioned the phase 1 segment of the 1074MW Alaoji combined cycle power station in Abia State, with a firm promise to transform Nigeria and move the country forward.
FCMB records N23.9 billion PBT
FCMB Group Plc (FCMB) has released its financials for the full-year ended 31 December 2014, reporting a profit before tax (PBT) of N23.9 billion, up 32 per cent from N18.2 billion for the full-year ended 31 December 2013. The results for the full-year 2014 reflect solid momentum in FCMB Group Plc’s profitability, enabled by harnessing the synergies between its corporate and investment banking entities, as well as the successful execution of its retail strategy.
FG establishes devt bank to tranform small-scale businesses
PRESIDENT Goodluck Jonathan yesterday officially presided over the establishment of a new financial institution aimed at providing financial life-line to Nigerian entrepreneurs.
Stanbic IBTC launches card with access to 700 airports
“As we choose our credit holders carefully, there are no restrictions to how far we are willing to go to give them a great experience which not only defines their lifestyles but also makes banking a pleasure. This is another way by which we are moving our clients forward,” she said.
Manufacturers Write CBN, Demand Special Forex Window For Survival
FEELING the pains of currency devaluation and rising foreign exchange rate, manufacturers have written the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance for a special window that would offer them cheap forex to remain in business. The president of Manufacturers Association of Nigeria (MAN), Dr. Frank Jacob confirmed, during the week, the request for the special window for the purchase of forex at low rate.