FCMB takes 1,000 corps members to entrepreneurship forum
First City Monument Bank (FCMB) has taken almost 1,000 members of the National Youth Service Corps (NYSC) in Abuja, to a capacity building programme in demonstration of its commitment to the empowerment of youths, particularly, in entrepreneurship.
CBN Pumps $543m, CNY 63m into Forex Market
In another major round of interventions, the Central Bank of Nigeria (CBN), on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. At the Thursdays trading, the Bank offered the sum of $100,000,000 as wholesale interventions and allocated the…
Terminoxx will change the face of internet banking in the country, says Awosanya
Tayo Awosanya is the Managing Director of Zercom Systems, a software technology firm that provides IT solutions to corporate institutions. Prior to becoming CEO of Zercom Systems, he worked at BAE Systems as an IT Q/A Manager in Washington DC, on the Pension Benefit Guarantee Corporation (PBGC) Federal Government contract, where he was able to…
SEC’s double standards and investors’ waning confidence
Going by a popular cliché, “One-man show is a show of arrogance” and that is the modus operandi of the capital market regulator- Securities and Exchange Commission...
Nigeria’s unending ‘hypocritical’ economic diversification
Nigeria’s economic diversification initiative has been more about political pronouncements than real efforts to not only broaden the base of the country’s resources...
Apapa gridlock: How poor state capacity stifles competitiveness
In the last few months, or years depending on who you ask, Lagosians have been complaining about the menace of trucks parked on the roads.
‘We ensure that customers are satisfied with our products and services’
With stiff competition in the mobile technology space and the invention of new innovative communication devices, the Marketing Communications Manager, itel Mobile, Oke Umurhohwo...
Reality dawns as debts wobble under sustainability test
Nigeria failed the test conducted to determine its ability to sustain ongoing borrowings and their repayments in the next five and 10 years, an affirmation of the growing fears over increasing level of borrowings and huge costs incurred in servicing them.
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.