MTN’s listing delay raises new concern
The prolonged delay by MTN Nigeria to list its shares on the Nigerian Stock Exchange (NSE) has become a renewed source of worry to capital market stakeholders, as they expressed fear that the action may dampen the zeal of others that had earlier declared interest to come for Initial Public Offering (IPO).
The battle against inflation challenges
The country’s monetary authority, in a bid to take hold of the price stability, has kept all its rates steady, at least, for the past 25 months, involving 12 bi-monthly sessions, specifically for purposes that run around inflation.
Sector sustains losing streak with N20b in mobile insurance
There seems to be no end to the insurance sector’s losses, as an estimated N20 billion yearly expected premium from mobile insurance may have been taken over by network operators, which now sell insurance products and also receive claims through mobile phone across the country.
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.