Agusto and Co, Nigeria’s leading research and rating company, has affirmed the “A-” rating assigned to LAPO Microfinance Bank Limited. The rating assigned to LAPO Microfinance Bank, which will expire on 30 June 2019, reflects the bank’s strong market position, good capitalisation, good liquidity and funding profile. Despite the impressive rating of the micro lender, […]
The Managing Director, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has identified lack of corporate governance and inadequate oversight as major challenges affecting growth of the nation’s aviation sector. Kuru, made this remark in a paper with the theme ‘Corporate Governance and Airline Industry development in Nigeria’ which he delivered as Guest […]
The Federal Government has stated that it will on Monday, 15th of October, flag off the final verification and payment of entitlements to former workers of the defunct Nigeria Airways nationwide. The government gave this hint in a statement by the Special Assistant to Finance Minister on Media and Communications, Mr. Paul Ella Abechi, and confirmed […]
In furtherance of its sustained efforts to ensure adequate liquidity in the foreign exchange (Forex) market, the Central Bank of Nigeria (CBN) on Tuesday provided $210 million for users in the Inter-bank segment of the nation’s Forex market. Available information on the apex bank’s intervention in the segment of the market showed that authorized […]
The Vice-President, Prof. Yemi Osinbajo on Monday said that the present administration had provided interest-free loans totalling N15.183 billion to over 300,000 beneficiaries since the implementation of the Social Investment Programme (SIP) commenced nationwide. Osinbajo who gave this hint at the 9th Presidential Quarterly Business Forum held at the old Banquet Hall of the Presidential […]
L-R: Bank Examiner, Kano Zonal Office of the Nigerian Deposit Insurance Commission (NDIC), Mr Abkbakar Muhammed; Head Investor Education Division, Securities and Exchange Commission (SEC), Mr. Francis Okafor; Head of Personnel, Gwagwalada Area Council, Mrs. Amina Solomon; and Head Awareness Unit of Micro Pension Department, National Pension Commission (PenCom), Mr. Emeka Onuora; during SEC’s Investor […]
The Minister of Finance, Hajiya Zainab Ahmed, receiving copies of publications by the Nigeria Deposit Insurance Corporation (NDIC) from the corporation’s Managing Director, Umaru Ibrahim, during her familiarisation visit to the agency in Abuja
Africa’s foremost businessman, Aliko Dangote, on Monday canvassed the need for conscious efforts towards the deepening African regional market by African investors and governments to support the rapid growth of the continent’s economy. Dangote, who gave the charge while speaking during “One to One Conversation” at the on-going 5th annual Financial Times African Summit in […]
Determined to cut the huge amount the country is spending daily to import refined petroleum products and bridge the supply gap in the domestic market, the Federal Government has unveiled plans to reel out a new policy that will require operating companies to refine locally at least 20 percent of the crude oil they produce […]
Oxfam International, a confederation of 20 independent charitable organizations focusing on the alleviation of global poverty, has charged the global community, especially the rich countries, to show more commitment to climate change financing in the face of its growing risks to humanity globally. The organization hinged its concern on the latest the Intergovernmental Panel on […]