FG offers September bonds at 12% interest

Businessam StaffSeptember 3, 2019

As part of the capital raising for the 2019 budget, the Debt Management Office (DMO) is offering two and three years savings bonds for the month of September at 11 percent and 12 percent interest rates respectively . The offers are expected to close Friday. This was contained in a document published on the DMO […]

FG to auction N145bn long term bonds at 14%

Businessam StaffAugust 16, 2019

The Debt Management Office (DMO) will offer a 5, 10 and 30 year bond totalling N145 billion at 12.7 percent, 14.5 percent and 14.8 percent interest rates respectively. A publication by the Debt Management Office (DMO) showed the breakdown of the N145bn bond include a N40bn 5-year reopening bond that would mature in April 2023; […]

NBS to publish Nigeria’s corruption survey report in September

June 11, 2019

By Tola Akinmutimi     The National Bureau of Statistics (NBS), on Monday hinted that the report of its ongoing national survey on corruption, the second  National Household Survey on Quality and Integrity of Public Services in Nigeria, 2019, would be published in September. A top official of the agency and a Project Director of […]

Recapitalisation: Insurance companies consider merger, acquisition

June 3, 2019

Following the recent pronouncement of new capital base and deadline for the insurance industry’s recapitalisation by the National Insurance Commission, some insurance companies are making move on how to scale this hurdle. In a recent circular to its regulated entities, life insurance companies’ capital was raised from N2bn to N8bn, general companies got a raise […]

Better Tax: NESG launches Citizen Report as stakeholders chart new path for non-oil revenue

Afolabi OluwaseunMay 21, 2019

Nigeria Economic Summit Group’s Fiscal Policy Roundtable (NESG) has launched its Citizen Perception Report, a first of several research pieces to be published in support of its tax reform and advocacy vehicle “Better Tax”. Better Tax seeks to close knowledge gaps in fiscal policy and create a sustainable framework to actualise the federal government’s inclusive […]

Senate backs NFIU’s directive on Local Government finance 

May 8, 2019

 The senate on Wednesday,  threw its weight behind financial guidelines for local governments recently introduced by the Nigerian Financial Intelligence Unit (NFIU).  The Senate has also resolved that relevant stakeholders like state houses of assembly and the presidency should expedite action on the nagging issue of granting financial autonomy to local government councils across the […]

SEC restates commitment to fight money laundering, terrorism financing in capital market

May 2, 2019

The Securities and Exchange Commission (SEC) on Thursday expressed commitment to ensuring that the capital market was not used for money laundering and terrorism financing.  Mary Uduk, SEC acting director-general, stated this in her opening remarks at the anti money laundering (AML) training for compliance officers of capital market operators (CMOs) in Lagos. Uduk, represented […]

SEC partners Pencom to deepen financial literacy

Adesola AfolabiApril 23, 2019

The Securities and Exchange Commission, SEC, and the National Pensions Commission, Pencom have pledged to work together to ensure more Nigerians are brought into the financial literacy net. This was disclosed in a statement by the SEC as part of the resolutions at a meeting between the |”Technical Committee” on Financial Literacy (FLTC) and Pencom […]