African SMEs to benefit from $74m facility
The African Guarantee Fund (AGF) for Small and Medium-Sized Enterprises (SMEs), has entered into a re-guarantee transaction of up to $74million with GuarantCo, to increase its guarantee capacity for SME financing.
Experts chart path to sustainable taxation for 2018 budget
With Nigeria’s abysmally low six per cent tax to Gross Domestic Product (GDP) ratio and attendant dependence on rents from natural resources for government finances, experts on economic matters has said that the paltry figure is not sustainable to fund the 2018 budget, as it requires significant improvement.
Investors worry over stagnation in insurance share prices
Worried by the free fall in the shares of insurance companies on the nation’s bourse, capital market investors have stressed the need for the industry regulator, and professional bodies to intensify efforts at mitigating the challenges causing the sub-optimal performance.....
FCMB gets global institute’s certification
First City Monument Bank (FCMB) has been certified as a great place to work by the independent analysts at Great Place to Work Institute, a global research firm.The institute, which produces the list of Fortune 100 Best Companies to Work For and other top employer rankings....
NSE joins global peers to promote gender equality
For the fourth year, the Nigerian Stock Exchange (NSE) will join other global exchanges on March 8, to promote gender equality in celebration of the 110th International Women’s Day (IWD), at the Stock Exchange House, Lagos.
Court orders FG to set borrowing limits for states, councils
Honourable Justice G.O. Kolawole of the Federal High Court has ordered President Muhammadu Buhari, in compliance with section 42 (1) of the Fiscal Responsibility Act, to set the limits of the consolidated debt of Federal, State and Local governments.
NSE transactions’ volume rises by N36 billion, financials lead
Heavy transactions in the shares of some companies, especially First City Monument Bank (FCMB) Group, and Transnational Corporation of Nigeria (TRANSCORP), last week lifted the volume of shares traded, as a turnover of a turnover of 2.170 billion shares worth N39.087billion.....
CBN’s N56b agric financing creates nearly one million jobs Emefiele bags two awards
In just two years of implementation of the Anchor Borrowers Programme by the Central Bank of Nigeria (CBN), the initiative has contributed to the creation of about 890,000 direct jobs and 2.6 million indirect ones, with the disbursement of N55.53 billion.
Stakeholders urge CBN to expose loan defaulters
Apparently irked by the recent Central bank of Nigeria (CBN) directive, restraining deposit money banks with huge bad loans from paying dividend, a shareholders’ group, Pragmatic Shareholders Association of Nigeria, has stressed the need for the apex bank to publicise the profile of the loan defaulters.
Adeosun, FIRS boss for tax amnesty symposium
The Minister of Finance, Mrs. Kemi Adeosun, will on March 1, lead a high-powered Federal Government’s delegation to the Voluntary Assets and Income Declaration Scheme (VAIDS) stakeholders’ symposium in Kaduna State.
IMF, France seal $2.9b deal for low income countries
The low income economies, mostly dominated by Sub-Saharan African countries, may be in for another debt treat as the International Monetary Fund (IMF) and French central bank (Banque de France) sealed a $2.9 billion deal for loan support under the Poverty Reduction....