Business

Stock market defies unrest, closes flat

Despite continued #EndSARS protest in major cities of the country, the Nigerian Stock Exchange (NSE) closed flat yesterday as investors repositioned for the third quarter result release. The post Stock market defies unrest, closes flat appeared first on The Guardian Nigeria News – Nigeria and World News. Read More

Read More »

‘Banks, insurers failed to contribute to NHF scheme’

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Ahmed Dangiwa, said institutional contributors, such as banks and insurance companies have failed to make their required investments in the national housing fund (NHF) scheme. The post ‘Banks, insurers failed to contribute to NHF scheme’ appeared first on The Guardian Nigeria News …

Read More »

Practitioners want government to tackle multiple taxation

Pest Control Association of Nigeria (PECAN), has called on the government and relevant regulatory agencies to tackle the challenge of multiple taxes encountered by its members, especially in Lagos. The post Practitioners want government to tackle multiple taxation appeared first on The Guardian Nigeria News – Nigeria and World News. …

Read More »

NNPC, GACN set framework to expand gas utilisation

Uche Usim, Abuja AS part of efforts to boost  the economic strength of the SouthEast, the Nigerian National Petroleum Corporation (NNPC) and the Gas Aggregation Company of Nigeria (GACN) said they have worked out modalities to promote gas usage as a preferred fuel for Nigeria’s industrialisation. To this end, plans …

Read More »

Voluntary delisting: 20 coys exit NSE in 18 years

Chinwendu Obienyi The rising incidence of listed companies on the Nigerian Stock Exchange (NSE) opting for  voluntarily delisting from the bourse is now becoming a source of concern to stakeholders, particularly now that new listings are urgently needed. There are indications that the  numbers might still increase after the NSE …

Read More »

External reserves drop to $35.67bn

Nigeria’s external reserves, last week, fell for the fourth consecutive week to $35.67 billion even as the naira depreciated to N462 per dollar in the parallel market. Data from the Central Bank of Nigeria (CBN) show that the reserves fell to $$35.672 billion on Thursday last week from $35.725 billion …

Read More »

How we mitigated COVID-19 impact –NDIC

Uche Usim The Managing Director of the Nigeria Deposit Insurance Corporation, (NDIC), Mr Umaru Ibrahim, on Monday revealed the strategic steps taken to mitigate the impact of the COVID-19-induced lockdown on the Nigerian financial sector. Addressing journalists in Lagos at the 2020 Workshop for Business Editors and Finance Correspondents Association …

Read More »

Furera Jumare resigns from Union Bank Board

Following her appointment as Director General of the Jigawa State Investment Promotion Agency, Mrs. Furera Isma Jumare, has resigned her role as Independent Non-Executive Director on the Board of Union Bank of Nigeria Plc. This in line with regulatory guidelines for certain categories of public servants from serving on boards …

Read More »

Unlocking the benefits of unstructured data in banking

The banking sector’s digital transformation journey has come a long way over the past five years. Today, technologies like machine learning (ML) and artificial intelligence (AI) are becoming much more commonplace in banks’ digital strategies. But the sector wasn’t always as open to embracing new technologies. Until the arrival of …

Read More »