Nigeria @ 59: Dichotomy in exchange rate major minus for transparency, FDIs
Key pundits in financial services and foreign investors’ confidence analysis in Nigeria have argued that the continued dichotomy in exchange rate as currently driven by the Central Bank of Nigeria (CBN) remains a big minus in the crusade for Foreign…
Nigeria @ 59: Outlook for the banking sector with commercial banks in view
Whereas sector’s projected growth remained in fears through the apparent but still ongoing tumultuous periods, industry experts have continued to see resilience as becoming the foreword for the industry since the last banking crisis of 2008/2009. Only recently, industry players…
‘New IMF chief, Georgieva may be harder on Nigeria than outgoing Lagarde’
Strong indications have emerged suggesting that the incoming chief executive of the International Monetary Fund (IMF), former World Bank chief and Bulgarian export, Ms. Kristalina Georgieva may not only adopt but step up the hard stand on Nigerian policies by…
Expert seeks barring of foreigners in certain sectors to grow local capacity
…As FG mulls policy on small scale mining Leading economic analyst and head of research at Africa Environmental and Economic Peace Mission (AEEPM), Dr Anselem Ntigbu has called for an economic policy that will bar foreign investors in certain sub…
Impose taxes on empty completed housing units in cities to spark off access—UN
To curb the observed high number of unoccupied residential and office buildings in major cities due to high cost of leasing and renting, the United Nations (UN) Special Rapporteur on Rights to Adequate Housing, Ms Leilani Farha, has urged federal…
UBA, LCCI creating value for SMEs At 2019 Lagos Int’l Trade Fair
Good times await small medium enterprises (SMEs) at the upcoming2019 Lagos International Trade Fair as United Bank for Africa (UBA) Plc and the Lagos Chamber of Commerce and Industry (LCCI) have partnered to deliver far reaching benefits that will help…
Accolades for Heritage Bank for bankrolling AFF 2019 Championship
African Freestyle Football (AFFC) Championship 2019 in collaboration with World Freestyle Football Association (WFFA) have commended Heritage Bank Plc for its pivotal role in enhancing youth development and engendering the Nigeria’s entertainment space on the world’s stage. The 2019 African…
Banks’ that may be trapped by CBN’s 60% Loan-to-Deposit Ratio in time race
A number of commercial banks’ that hitherto shy away from supporting SMEs and loan access are now pursuing depositors with all manner of loan packages so as to beat the of growing loans by N800bn following CBN’s directive. Fact checks…
Ecobank Transnational steps up innovations, appoints Diallo Fintech Advisor
Leading pan-African bank, Ecobank Transnational Inc has appointed Mrs. Aissatou Djiba Diallo, formerly of Microsoft, as its new Senior Fintech Advisor to strategically raise Ecobank’s support for the fintech sector. Details made available to Business Hilights on Monday revealed that…
Another look at planned VAT increase in Nigeria: pluses, minuses
The federal government has proposed an increase in Value Added Tax (VAT), from the current 5% to 7.2%. The increment is linked to the implementation of Nigeria’s new minimum wage which has informed the need for an increase in revenue,…
