Thursday, November 12, 2020
Raheem Akingbolu writes on how United Capital Trustees Limited is redefining wealth management with its Private Trust Service, pointing out how its timely intervention at a time the country is at crossroads, would help many individuals enhance their future. As a result of the damming effect of the ravaging COVID-19, the lockdown, and the #EndSARS protests, many Nigerians are already describing the year 2020, as nothing, but unfortunate. Read more
NDIC Pledges to Insure Fintech Depositors
The Nigeria Deposit Insurance Corporation (NDIC) said it is working to enhance its framework towards protecting depositors from dangers that could arise from emerging fintech solutions. The Managing Director, NDIC, Mr. Umaru Ibrahim, said this yesterday, in a speech he delivered at the opening ceremony of a workshop for members of the Finance Correspondents Association of Nigeria (FICAN) in Kaduna, where various facilitators deliberated on ‘COVID-19 & FinTech Disruption: Opportunities and Challenges for Banking System Stability and Deposit Insurance’. Read more
Sanwo-Olu Confirms Olusanya as Agriculture Commissioner
The Lagos State Governor, Mr. Babajide Sanwo-Olu, has confirmed the appointment of Ms. Abisola Olusanya as the substantive Commissioner for Agriculture.The confirmation was contained in a circular issued by the state Head of Service, Mr. Hakeem Muri-Okunola. Read more
Lafarge, Honeywell, Dangote Sinotrucks, 34 others enjoy three-year tax holidays
Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as companies currently enjoying Pioneer Status Incentive of the Federal Government. The Nigerian Investment Promotion Commission in its third-quarter report on Pioneer Status Incentive applications made public on Wednesday stated that 60 applications for PSI had been abandoned. Read more
N265bn disbursed under National Housing Fund, says FG
The Federal Mortgage Bank on Wednesday announced that it had so far disbursed N265bn to subscribers under the National Housing Fund. It also announced that subscribers to the fund had increased to 5.1 million, as 570,000 new contributors had been added to the NHF scheme. Read more
Internet economy in Nigeria, others to reach $180bn in 2025
The Internet economy has the potential to contribute $180bn to the economy of Nigeria and other African countries by 2025, according to a new study by Google and International Finance Corporation. The findings of the study made public on Wednesday highlighted the growth opportunities within the continent and provided a road map for investment opportunities. Read more
Aviation bodies seek bailout to save 4.8 million jobs
The International Air Transport Association (IATA) and the International Transport Workers’ Federation (ITF) have again appealed for urgent government intervention to prevent an employment catastrophe in the global aviation industry. Read more
Nigeria’s fragile fiscal regime may stall $24bn oil, gas projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries should expect a capital expenditure (CAPEX) spending cut of $30billion by next year. Read more
NeGSt unveils digital platform to check illicit financial flows
The Nigeria e-Government Strategies (NeGSt) has unveiled the Transparency, Accountability and Sustainability (TAS) project, a digital tool designed to eliminate corruption, improve efficiency, create employment and increase the size of the Nigerian economy. Read more
