Capital flow: Nigeria to attract $5.6bn portfolio investment in 2019

Capital inflow into the country from portfolio investors is projected at $5.6 billion (about N2 trillion) in 2019 says Emerging Africa Capital (EAC) group in its maiden Economic and Investment Outlook Report 2019, titled “Cautious Optimism”. According to the National Bureau of Statistics (NBS), portfolio investment which accounted for over 70 percent of total capital […]

FCMB introduces zero-interest loans to empower women

First City Monument Bank Limited (FCMB) has taken a bold step towards the empowerment of Nigerian women by introducing a zero-interest rate on loans. The development is in line with the commitment of the bank to empower women-owned SMEs, both old and start-ups, through financial support, advisory services and value-added products to enhance customer experience […]