A Lagos-based financial expert, Mr Bismarck Rewane, on Friday expressed optimism that Nigeria would get out of recession by 2018 with the right economic policies. Rewane, also the Chief Executive Officer, Financial Derivatives Ltd., said this at the 2016 Independent Shareholders Association of Nigeria (ISAN) Triennial Delegates Conference/Gala Night in Lagos. The financial expert said […]
Continue ReadingLeveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-economic environment. This represents an impressive 18.2% annualized return on average equity. The Bank recorded an appreciable growth in both funding […]
Continue ReadingSenate President, Bukola Saraki, has said that the Senate will pass 11 Bills before the end of 2016 to tackle the current economic recession.Saraki spoke at a dialogue at the 22nd Edition of the Nigerian Economic Summit in Abuja, on Tuesday. He said since the beginning of the year, the Senate had worked so hard […]
Continue ReadingThe European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB’s largest ever loan to UBA and will allow UBA to provide longer term loans than currently available to private companies in Nigeria. The new private […]
Continue ReadingThe GTBank Fashion Weekend may seem novel for a financial institution, but it is part of the bank’s long history of supporting the local fashion industry. Foremost African financial institution, Guaranty Trust Bank plc, last week announced the debut of the GTBank Fashion Weekend, set to hold on the 12th and 13th of November 2016, […]
Continue ReadingThe International Monetary Fund, IMF, has introduced zero interest rates on all its concessional facilities to low income countries until 2018. The Managing Director, IMF, Ms Christine Lagarde, disclosed this on Thursday at the ongoing IMF/ World Bank 2016 General Meeting in Washington D.C. The theme of the meeting is: “We can end poverty together, […]
Continue ReadingNigeria’s minister of finance, Kemi Adeosun, has said it is hypocritical for west and multilateral institutions to tell Nigeria not to use coal-fired power, which drove western industrialisation. Adeosun, who spoke at the International Monetary Fund (IMF) discourse on infrastructure in Africa, recalled that western powers recently blocked a coal to power project in Nigeria. […]
Continue ReadingThe Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday said Chinese private sector companies had pledged an additional investment of 70 billion dollars to the Nigerian economy.Kachikwu said this while addressing State House correspondents on the outcome of the Federal Executive Council (FEC), presided over by President Muhammadu Buhari in the Presidential […]
Continue ReadingThe Federal Government has listed two jets in the Presidential fleet for immediate sale. The jets: Falcon 7x and Hawker 4000, were advertised on page 35 of Tuesday’s Thisday Newspapers, with the adverts showing the performance and specifications of the jets, which indicated that they were still in good condition. Interested buyers are to inspect the […]
Continue ReadingThe Federal Government of Nigeria has reassured foreign investors that the country is good, open and secure for business. The Minister of Labour and Employment, Sen. Chris Ngige, gave the assurance at the Labour and Trade Ministerial Roundtable of the Africa Growth and Opportunity Act (AGOA) held in the U.S. A statement signed by Samuel […]
Continue Reading