The Nigerian Insurers Association (NIA) has lauded the Federal Government of Nigeria for the speedy assent to the Finance Act 2020, describing the move as a welcome development which will usher in a new lease of life for insurance companies.
Experts seek review of entire national budget
Experts that gathered at the just concluded 2020 Budget and the Finance Act forum, organised by the Securities and Exchange Commission (SEC), in Lagos, at the weekend, have called for review of the entire budget process to ensure meaningful economic growth...
Multilateral banks in blame games over debts
While the debt stock of Africa’s economies recorded a whopping 150 per cent rise in the past 10 years, with new obligations in the pipe, two multilateral banks of global repute and major creditors, are own trading blame over who caused the alarming borrowings.
Nigerian banks and rising cyber threats
Cyber attacks targeted at the global banking system and high profile institutions are not imaginary, but real. The overall objective is to steal financial assets- cash or near-cash assets.
Africa’s multilateral bank seeks shift from GDP narrative
After unveiling its 2020 African Economic Outlook (AEO), which showed that the continent’s economies are growing well, African Development Bank (AfDB) however, warned that it does not reflect the true picture of citizens.
VAT review: Squeezing a bleeding economy
Last week, millions of vendors, suppliers and sundry service providers took to emails, voice calls, WhatsApp and other chatbox platforms to align figures with clients and replace invoices ahead of the take-off of the new Value Added Tax (VAT) rate.
What CBN’s new CRR means for banks, economy
The hike in the banking sector’s mandatory Cash Reserve Ratio (CRR) signals not only withdrawal of money in circulation, but a measure to curb the four-month resurging inflation and tacit declaration...
Development institution to launch N300b medium-term note programme in Nigeria
Development finance institution, African Export-Import Bank (Afreximbank), yesterday, in Lagos, signed agreements to complete the registration of a N300-billion medium-term note with the Securities...
‘Financial market investments in 2020 will require extra craft’
Financial analysts are of the view that investment decisions in 2020 will require extra craft, given the current external pressures, low foreign investment, weak investor confidence, high inflation and weak oil...