Insurers woo Nigerians on investment culture through MMF
Despite the growth in savings and investment products, Nigeria still recorded low mobilisation for such products, research by FSDH has shown.
Insurers, tech firm seal pact to grow money market fund
Despite the growth in the savings and investment products in Nigeria, the country still records low mobilisation of savings and investments, a research by FSDH has shown.
What economy needs now, by FSDH
The nation’s economy is presently in need of fiscal direction, removal of fuel subsidy and transparent channeling of the proceeds to infrastructure and social investments, as well as competitive pricing of electricity tariff to drive investment and boost economic growth. Though the assessed needs appear to be hard choices, the research by FSDH Merchant Bank…
How government can raise N3.5tr from VAT, by FSDH
The scripting of appropriate reforms for informal sector taxation, tackling the non-remittance challenges and improving the consumption patterns of through policy developments hold the key to the realisation of N3.47 trillion in Value Added Tax (VAT) base by 2023. A research by FSDH Merchant Bank Limited noted that the nation’s large informal sector, put at…
FSDH predicts over N2 trillion liquidity flow this month
Govt will incur more costs to contain money in circulation The financial system may experience increased flow of money in circulation to N2.33 trillion this month, courtesy of maturing government securities and distributions from Federal Accounts and Allocations Committee. Out of the expected amount, an estimated total outflow of approximately N644 billion from the various…
Tackle rising uncertainties to keep growth, FSDH advises government
Except the emerging uncertainties associated with 2018 budget, delay in the confirmation of Monetary Policy Committee members and social unrest targeted at the agriculture sector are settled, all positive economic forecasts now may amount to nothing. A report by FSDH Merchant Bank Limited has noted that some investors are gradually adopting a “wait and…
FBN, merchant bank get AfDB $350 million lifeline
To boost lending and economic growth, the African Development Bank (AfDB) has extended a $350 million lifeline to First Bank of Nigeria (FBN) and FSDH Merchant Bank Nigeria.
FSDH posts N3 billion profit in 2014, recommends N748 million dividend
FSDH Merchant Bank Limited has posted a profit after tax of N3 billion for the 2014 financial year, against N2.62 billion achieved in the previous year. Besides, directors of the company are recommending the sum of N747.62 million dividend, culminating to 26.75 kobo per share due to every shareholder of the company. Specifically, the bank’s…