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Business

Prices of Food

BDC Operators Blame CBN for Increase in Prices of Food, Others

September 7, 2021
By Aduragbemi Omiyale In the past months, the prices of food items, products and services in the country have been on the rise despite the National Bureau of Statistics (NBS) saying the inflation rate was moderating. For most consumers, when they go to the market today, they are not sure the prices of items would remain the same tomorrow and
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Investment Portfolio

How to Build an Investment Portfolio

September 7, 2021
By FBNQuest Every investor who desires to build and grow wealth should have an investment portfolio. Wealth creation efforts are less likely to succeed if they are approached haphazardly, so building an investment portfolio is a great way to add the necessary strategy and intention to these efforts. An investment portfolio, simply defined, is a collection of all the assets
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SME Bank

Abia Seeks to Develop Small Businesses with SME Bank

September 7, 2021
By Adedapo Adesanya The Abia State Government has disclosed that its Small and Medium Scale Micro-Finance Bank will serve the needs of startups for business development. This was disclosed by the state governor, Mr Okezie Ikpeazu through the Special Adviser to Governor Okezie Ikpeazu on Social Investments, Mr Chinenye Nwogu. He said the SME bank, which was unveiled in Aba
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capital market operators

NGX Showcases Opportunities in Nigerian Capital Market

September 7, 2021
By Aduragbemi Omiyale The desire to deepen the capital market in Nigeria and get more investors involved has inspired the management of the Nigerian Exchange (NGX) Limited to compile vital information about the stock market and the listed companies in a digital format. The data was put in the digital version of its popular X-Factbook and would be available on
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Exports Value

Nigeria’s Exports Value Jumps 74.7% in Q2 2021

September 7, 2021
By Ashemiriogwa Emmanuel The total value of goods exported from Nigeria to different parts of the world between April and June 2021 stood at N5.08 trillion, the National Bureau of Statistics (NBS) has disclosed. The stats office said this was 74.7 per cent higher than the total exports value of N2.91 trillion recorded in the first three months of this
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Politics

Unity Bank UnityCares

Unity Bank, FBN Holdings, Others Tumble Customs Street by 0.31%

April 20, 2024
By Dipo Olowookere The Nigerian stock market further depreciated by 0.31 per cent on Friday on the back of persistent selling pressure, especially in the banking sector. Twenty equities led by Unity Bank and FBN Holdings brought down Customs Street at the close of trading activities yesterday, as investor sentiment remained largely weak. Business Post reports that only 14 shares
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Travel

Latest

Oyo Govt Seals Diamond Bank, FCMB, Skye Bank Branches

By Dipo Olowookere Some branches of commercials banks in Ibadan were on Monday sealed by officials of the Oyo State government. This was because the affected financial institutions allegedly failed to pay some levies into the coffers of the state government despite
September 17, 2018

Why Kemi Adeosun Shouldn’t be Prosecuted—Rotimi Oladele

By Dipo Olowookere Former President of Nigerian Institute of Public Relations (NIPR), Mr Rotimi Oladele, has disclosed that former Minister of Finance, Mrs Kemi Adeosun, who resigned last Friday for being in possession of a fake NYSC exemption certificate, should not be
September 17, 2018
NAICOM

Insurance Sector Recapitalisation Will Proceed as Planned—NAICOM

By Dipo Olowookere Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM) has said the proposed tier-based capital structure of insurers operating in the country will continue as earlier planned. On August 27, 2018, NAICOM, through a circular, informed insurance
September 17, 2018

Lagos Hosts Biannual Africa Fintech Summit November

By Dipo Olowookere All is now set for the hosting of Africa’s premier fintech event, the Africa Fintech Summit, taking place for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition
September 17, 2018

GCR Rates Union Bank of Nigeria’s Proposed N13.5b Bonds

By Modupe Gbadeyanka Lagos-based rating agency, Global Credit Ratings (GCR), has assigned an indicative public rating of ‘BBB+(NG)’ to both Union Bank of Nigeria Plc’s proposed N7.2 billion Series 1 Fixed Rate Bonds and N6.3 billion Series 2 Fixed Rate Bonds, with
September 17, 2018

NSE Delists Tower Funding Plc N4.63b Bonds on Maturity

By Modupe Gbadeyanka The two corporate bonds issued in September 2011 by Tower Funding Plc have been delisted on the Daily Official List of the Nigerian Stock Exchange (NSE). The N4.63 billion papers were issued by the firm under the N9.00 billion
September 17, 2018
pension fund administrator PFA

No Rush by PFAs into Equities

By FBNQuest Research The assets under management (AUM) of the Nigerian regulated pension industry increased by 20.5 percent y/y in June to N8.23 trillion ($26.9 billion). They are growing at a reasonable rate yet, at just 7.2 percent of 2017 GDP, are
September 17, 2018
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