Tuesday, August 4 , 2020
Indigenous oil services firm, DE COON Services Limited, has written to the House of Representatives to investigate an alleged contract breach of about N14billion, comprising $30 million, and another N70 million…Read more.
To minimize excessive abuse of public resources, the financial management system must be strengthened, while the government must carry out intensive economic reform to identify policy gaps, and bridge the holes that enable people to evade or undermine the collection of taxes…Read more.
Economic experts have charged the Nigerian government on need to urgently and vigorously implement its sustainability plans to spur economic activities and save the ailing economy from deeper woes. This is especially as the Purchasing Managers’ Index (PMI) slumps further to 41.1 percent….Read more.
Nigeria’s response towards calming the economic and health crisis occasioned by the coronavirus (COVID-19) pandemic falls short in comparison with peer countries. While central banks and governments in South Africa, North America, Asia …Read more.
Participating Finance Institutions (PFIs) are expected to provide 30 percent of the amount to be accessed from N220 billion Micro Small and Medium Enterprise Development Fund (MSMEDF), the Central Bank of Nigeria (CBN) said in the guidelines released on Tuesday…Read more.
US President Donald Trump gave popular Chinese-owned video app TikTok six weeks to sell its US operations to an American company, saying Monday it would be “out of business” otherwise, and that the government wanted a financial benefit from the deal….Read more.
Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country saw their financials take a dive in the second quarter of this year. The slump in oil prices…Read more.
The Central Bank of Nigeria disbursed N539.8m loans to farmers between January and March 2020.It disclosed this in its third quarter economic report on titled ‘Agricultural credit guarantee scheme’, obtained on Monday.Part of the report reads…Read more.
Wema Bank said it has made available SME loan products that are collateral free to support businesses. A statement from the bank explained that businesses in need of working capital finance could get up to N10 million without collateral to meet their short-term business needs….Read more.
FBN Holdings Plc has injection of N25 billion equity capital into its commercial banking subsidiary, First Bank of Nigeria Limited, being the net proceeds of the company’s divestment from FBN Insurance Limited…Read more.
The insurance landscape in Nigeria has tremendously evolved and this growth can be attributed to certain policies introduced to the industry. Contributions from the government and governing bodies, which were positively welcomed by the masses…Read more.
Roger Brown, the new Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc has resumed work. The Management of Seplat confirmed that Brown resumed duty August 1, 2020 as he is expected to lead Seplat .…Read more….Read more.