Monday, August 3 , 2020 Checking rising incidence of unclaimed dividend in capital market 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. Nigeria receives AfDB financing for rural electrification project The Federal Government has…
DetailsWednesday, July 29, 2020 Nigerian banks face biggest revenue drop since 2016 Nigerian banks could see the biggest yearly decline in revenues since 2016 by the end of this year, according to estimates by Renaissance Capital and Fitch Ratings, which point to at least a 20-percent dip. “Banks are dealing with slow growth, fall in…
DetailsTuesday, July 28, 2020 Ahmed expects Nigeria to exit recession Q1, 2021 with 0.5% GDP contraction Finance Minister Zainab Ahmed said she expects Nigeria to exit a shallow recession sparked by the coronavirus pandemic by the first quarter (Q1) of next year, if a N2.3 trillion Economic Sustainability Plan (ESP) approved by the Federal Government…
DetailsMonday, July 27, 2020 Nigerian companies binging on debt face low growth risk As a lot of Nigerian businesses tap the low-interest environment to ramp up borrowing to offset liquidity challenges fuelled by the effect of COVID-19, there’s a growing worry that the risk of low economic growth is going to constrain future revenues and…
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