Africa50 fund gathers momentum as new catalyst for continent’s growth
It must be music to the ears of anyone interested in the rapid growth and industrialisation of Africa’s economies.In just three years since its take-off with a mandate to mobilise public and private sector finance to build Africa’s all-important infrastructure, the Africa50 fund has gathered momentum, with a growing portfolio of projects and capital base.
Again, corporate profits take hit from socio-economic uncertainties
The continued tensed political environment, reported killings across the country, coupled with election fears are not assuring to both domestic and foreign investors and it is already telling on corporate performance.
Bargain hunting boosts indices marginally by 0.09%
As bargain hunters took advantage of the low equity prices, particularly those of interim dividend-paying companies, dominated by the banking sector, the All-Share Index and market capitalisation of the Nigerian Stock exchange appreciated by 0.09 per cent to close the week at 36,636.97 and N13.272 trillion respectively.
FCMB Group posts N7b half-year profit
FCMB Group Plc recorded a profit before tax (PBT) of N7.1 billion for the six-months ended 30 June 2018, representing 86 per cent increase from N3.8 billion achieved for the same period in 2017.
‘Visibility of products is our next goal’
Forever Living Products (FLP) recently celebrated its 40th anniversary with a global rally in Dallas, Texas, USA and a localised week-long celebration accompanied with a health walk in Lagos. The firm’s Country Sales Manager, Mr. Daniel Ikechukwu, spoke with BERTRAM NWANNEKANMA on the firm’s achievements among other issues. Excerpts: Forever Nigeria has always played a…
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.
Banks in excess loan deduction saga
A growing number of Nigerians are now afraid to borrow money from the banks, not just for their inability to pay back, but that they would pay twice what they suppose to pay at the end of the transactions.
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...
SCIB operations boost sector’s premium profile with N30 billion
The financial report of SCIB Nigeria & Co Limited has contributed not less than N30 billion premium income through its business and premium generation to the insurance industry since its inception four decades ago.
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…