Right economic policies can exit Nigeria form recession by 2018–Rewane
Lagos financial expert, and stock market consultant, Bismarck Rewane, has taken the possible time of exit from recession to next two years, 2018 instead of 2017 as touted by the government. The Chief Executive Officer, Financial Derivatives Ltd., said this…
Unity Bank unveils Unity Biz Current Account to boost SMEs
Unity Bank Plc has introduced the Unity Biz Current Account as part of its bouquet of products aimed at supporting the Micro, Small and Medium-scale Enterprises. The bank described the SME space as its key market focus, saying it provided…
Fitch Ratings sees NPLs as danger for 11 banks, aligns with Dubai report
Even though the Central Bank of Nigeria (CBN) has hurriedly brushed aside, Monday’s revelation of a Dubai based international investment firm, Arqaam Capital, that seven Nigerian banks were under “full-blown financial crisis,” and two already insolvent, world’s leading risk rating…
Senate mulls review of tax laws to improve ease of doing business
The recently concluded 22nd Nigerian Economic Summit in Abuja, tagged ‘Made-in-Nigeria’ may have been a strategic roundtable for the redesigning of several challenging matters bordering on economy. It seems to be the most successful and trending over the years following…
Wema Bank releases N221m to Lagos Judiciary for LAPLR
Wema Bank has released to the d Lagos Archives and Property Litigation Registry (LAPLR) a project finance facility of N201 million, plus another N20 million which it doled out to support the Lagos State government and Justice Research Institute Limited…
Template for MDAs use of funds underway—Minister
The Federal Government is now working on developing a new template on approved expenses for government-owned enterprises to halts abuse of recurrent expenditure. The Minister of Finance, Mrs. Kemi Adeosun, revealed the emerging plan in Abuja yestderday at a workshop…
AfDB directors approve AIF to deepen FDI for Africa
To drive the needed campaign for investors from developed world to see and understand the potentials of the continent, the board of directors at the African Development Bank (AfDB) has passed the institution’s proposal to launch an Africa Investment Forum…
Bankers’ Committee halts job loss, silent on recall of sacked staff
The hopes of over 1,000 workers that recently lost their jobs in several banks were yesterday dashed following the decision of Bankers’ Committee which only ordered end to mass sack but could not talk on recall of sacked staff. Bankers’…
Abiru, Skye Bank GMD advocates financial literacy among youths
Group Managing Director of Skye Bank Plc, Tokunbo Abiru, has disclosed plans by the Bankers’ Committee to continuously improve the level of financial literacy among the youths. Barring his mind at the Bankers’ Committee meeting in Lagos, Abiru said the…
UBA profit surges to N52bn
Upon Nigeria’s current economic recession, the unaudited third-quarter financial results of the United Bank for Africa Plc (UBA) has shown an eight percent increase in profit after tax to N52 billion. The bank, which recorded N48.6 billion profit after tax…
