Monday, August 3 , 2020
Dividends are the distributable earnings of a company, which are determined by its board of directors. However, when declared, it becomes a liability on the company, CAMA (1990)…Read more.
The Federal Government has received financing from the African Development Bank (AfDB), for the Nigeria Electrification Project (NEP), a nationwide initiative aimed at delivering energy access to underserved communities in the country…Read more.
Submitting to the International Monetary Fund, IMF-induced policies would further distort and repress Nigeria’s currency, organised labour has warned. They argued that embracing the policies would lead the nation to a situation where a U.S. Dollar would exchange for more than N600…Read more.
Africa’s biggest grocery retailer, Shoprite, is exiting the continent’s most populated country, Nigeria, after 15 years. The Cape Town-based retailer has started a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria…Read more.
The number of consumer goods firms failing to turn a profit has jumped to a level last seen after 2016 recession, as downturn caused by the coronavirus (COVID-19) pandemic hits businesses across Nigeria. As restriction on social events…Read more.
A few Nigerian Diasporas maybe sending out wrong signals of criminal tendencies but credible data show that Nigerians top the list of high earning immigrants in the United States of America. Nigerians are some of the most educated immigrants in the US…Read more.
Filling station owners are currently in panic buying mood, as many of them are stockpiling products ahead of the announcement of a new pump price for petrol in August, investigation has shown. It was also gathered that the price of the commodity might increase to about N150/litre…Read more.
Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks….Read more.
Dangote Cement Plc has presented 82 brand new trucks to its distributors to ease product distribution logistics for prompt product collection and delivery to other retailers…Read more.
The federal government has been tasked to ensure transparency and fiscal equity in its drive to utilise public finance. This is in line with the recently signed Finance Act 2020 and the aggressive tax policy drive of the government….Read more.
Deloitte Africa Leadership has launched the Deloitte Private in West Africa, a practice established to focus on serving SMEs), high net worth individuals, family-owned businesses and Private Equity houses…Read more.
In demonstration of its commitment to the development of micro, small and medium scale enterprises (MSMEs) in the country, the Bank of Industry (BoI) has disclosed that it made a total disbursement of N53 billion to the segment in 2019…Read more.
Credit to the economy rose by 6.3 percent to N38 trillion in the first half of the year (H1’2020) driven by 9.85 percent upsurge in credit to the federal government. This reflects the impact of the various intervention funds introduced by the Central Bank of Nigeria (CBN)…Read more.
Against the backdrop of recently set targets in the revised 2020 budget and the approved Federal Government’s National Economic Sustainability Plan. NESP, research reports by some investment houses have indicated that macroeconomic outcomes would-be far-off targets by year end 2020 into 2021…Read more.