Shareholders’ expectation of robust dividend payout by listed companies may be shrinking as the boards and managements of Access Bank Plc., Zenith Bank Plc., others are set to meet this week to decide on 2016 financial report and dividend payout. The board and management of Zenith Bank are expected to meet on Tuesday, January 24, …
Recession: Shareholders’ hopes shrink as banks’ directors meet Read More »
Generally, life works clockwise, taking you round in circles as you begin the year in January and end it in December only to start the process again. The difference however, is that change is constant and your decisions at the beginning of the year determines how the rest of the year goes. Decisions can be …
The Chief Executive Officer of MTN Nigeria, Ferdinand Moolman last week appealed to the senate to consider the Data price floor as set by the Nigerian Communications Commission, NCC, saying that data price is among the lowest in the continent. Moolman who made presentations in Abuja, at the Senate hearing on Data price floor, also …
Approve NCC’s Data price floor- MTN urges senate Read More »
Nigeria plans to sell 95 billion naira ($302 million) worth of bonds on Dec. 14, its last debt auction for the year, the Debt Management Office (DMO) said on Tuesday. The office said it would sell 35 billion naira of a bond maturing in 2036, 25 billion naira of paper maturing in 2026 and 35 …
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, yesterday, said that the Federal Government has spent N3.577 trillion as at September out of the N6.06 trillion budgeted for 2016 He disclosed this in Lagos at the KPMG CFO Forum saying: “The Federal Government has spent about N3.577 trillion as at September 2016 …
Budget 2016: FG spends N3.577tr in 9 months — Udoma Read More »
Nigeria Deposit Insurance Corporation (NDIC) has called on banks in the country to restore banking services to the North Eastern part of the country. Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim made this call while speaking at the Corporation’s maiden Stakeholders’ Town Hall meeting in Kano, Kano State. He said: “I want to remind all …
NDIC urge banks to restore banking services to North East Read More »
Strong indications have emerged that the leadership of the Senate and the Presidency have reached a deal on the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper earlier rejected by the upper chamber of the National Assembly. A source close to the leadership of the Senate said this was the fallout of the meetings …
Senate Will resolve Buhari’s $30bn loan request this week – Ndume Read More »
Nov 11 Nigeria’s overnight lending rate rose to 22 percent on Friday from 13 percent last week due to tight liquidity worsened by banks inability to get access to their balances with the regulator, traders said. Traders said lenders were demanding as high as 25 percent to place funds on the market overnight and that …
Nigerian overnight lending rate climbs on tight liquidity Read More »
France and China will set up a fund for joint investment in overseas projects, France’s foreign minister said on Monday, as China’s voracious appetite for overseas acquisitions continues to grow despite some recent stumbles in overseas markets. “Hinkley Point is a very good example of what we’re going to do together, to win contracts in …
France, China to set up joint investment fund for overseas projects Read More »
