Daily Archives: October 4, 2020

I’m not running a family govt, says Governor Akeredolu

Governor Rotimi Akeredolu Governor Oluwarotimi Akeredolu of Ondo State has said contrary reports in some quarters that his relatives and associates occupy juicy positions in his administration, he was not running a family government. Governor Akeredolu said this while answering questions during the governorship debate held on Sunday in Akure, …

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Equities in strong gaining momentum

• Net N785b in Sept• Q3 gains top N1.23tr• Open Q4 with N80b gain       NIGERIAN equities sustained their bullish rally for the second consecutive quarter with a net capital gain of about N1.23 trillion in the third quarter, including a strong rally of N785 billion in September. …

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IATA: COVID-19 will dip Africa’s GDP by $37b

By Kelvin Osa-Okunbor   The International Air Transport Association (IATA) has warned that the damage being done to the African aviation industry and the continent’s economies because of COVID-19 will trigger a dip in the continent’s Gross Domestic Product (GDP) by over $37 billion. A new data published by the …

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NSE to earn N5 on N1m bond

Our Reporter   THE Nigerian Stock Exchange (NSE) will from today earn N5 on every N1 million worth of transactions at its fixed-income securities market. Under the new cost structure that takes effect today, the NSE will charge a fee of 0.0005 per cent on every debt instrument traded on …

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Capital market calls for review of economic architecture

Taofik Salako, Deputy Group Business Editor   LEADING capital market experts and financiers have called for a comprehensive review of economic architecture  to reintegrate economic policies with the country’s growth agenda. In a review of the economic performance since independence and the evolution of the capital market, capital market stakeholders …

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Access Bank director seeks new financing option for devt

Our Reporter   THE Executive Director, Risk Management Division, Access Bank PLC, Gregory Jobome, has called for the adoption of a range of non-traditional mechanisms to raise more funds for development. Jobome spoke at the first World Development Finance Forum (WDDF) at the weekend. He provided insights on the scale …

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NSE set to become public company

Taofik Salako, Deputy Group Business Editor   NIGERIA’s apex corporate regulatory agencies are combing through the final documents for the conversion of Nigerian Stock Exchange (NSE) from a non-profit, member-owned mutual company limited by guarantee to a public limited liability company with issued share capital and shareholders. The reviews are …

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Will SANEF achieve 70m BVN target by year-end?

Our Reporter   ONE of the Shared Agent Network Expansion Facility’s (SANEF’s) target is to help the banks achieve 70 million Bank Verification Number (BVN)-linked accounts by the end of the year. The BVN-linked accounts stood at 43.6 million as at September 27. The BVN roll-out has been aggressive with …

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