NGX partners CSCS, Euroclear to establish dollar settlement platform
Cynthia Ezekwe
August 11, 2023
By Cynthia Ezekwe. The Nigerian Exchange Limited (NGX) has announced a collaboration with the Central Securities Clearing System (CSCS) Plc, and Euroclear to create a dollar settlement platform that will enable tech startups to raise capital in dollars. Jude Chiemeka, the divisional head, capital markets, NGX, made this known during the annual A&O Fintech […]
AfDB advocates private sector financing to address climate change in Africa
Cynthia EzekweAugust 10, 2023
By Cynthia Ezekwe. The African Development Bank (AfDB), has called on African policy makers to implement greater efforts in mobilising domestic resources and private sector financing to help African countries achieve climate and green growth transitions. Kevin Urama,chief economist and vice president for economic governance and knowledge management,AfDB, stated this at the launch of the […]
Expert promotes investment culture among Nigerian students
Cynthia EzekweAugust 7, 2023
By Cynthia Ezekwe. Oluropo Dada, the managing director, Network Capital, a stockbroking and investment services firm, has encouraged Nigerian students to cultivate the habit of savings in order to create wealth through investment in shares and other securities . The fellow of Chartered Institute of Stockbrokers (CIS) stated this recently at the 12th valedictory service/graduation […]
Nigeria diaspora remittances to hit $26 billion by 2025, says Agusto
Cynthia EzekweAugust 2, 2023
By Cynthia Ezekwe. Pan-African credit rating agency,Agusto & Co., has projected that remittance flows into Nigeria will reach $26 billion by 2025, a significant increase from $20.1 billion recorded in 2021. The agency stated this in a report titled ‘Nigeria Diaspora Remittances: A Tale of Emigration, Policy and Technology’, noting that the flows will be supported […]
Banks, telcos are bridging tech capacity gap through innovation hubs
Alexander ChiejinaJuly 31, 2023
By Alexander Chiejina. As Nigeria experiences a significant migration of skilled professionals to European countries in search of better opportunities, the country is grappling with a shortage of skilled workers. The brain drain phenomenon has had a significant impact on Nigeria’s development, impacting the growth of various sectors, including the financial services industry, which relies […]
Harmonised regulations,infrastructure will drive Africa’s competitiveness in the global markets,says NGX
Business a.m.July 12, 2023
Business A.M The Nigerian Exchange Limited (NGX) has expressed confidence that a harmonised regulatory environment as well as smart infrastructure will help to drive Africa’s competitiveness in the global market and address the infrastructure deficit affecting capital markets in the West African region. Temi Popoola, chief executive officer, NGX stated this during the two-day Capacity […]
LCCI recommends critical stakeholders engagement on proposed Nigerian revenue services
Isaac JayeolaJuly 12, 2023
Business A.M The Lagos Chamber of Commerce and Industry (LCCI) has advised the federal government to embrace critical stakeholders’ engagement and consultation before implementing the merger of the Nigerian Maritime Administration and Safety Agency (NIMASA), Federal Inland Revenue Service (FIRS) and Nigeria Customs Services (NCS) into the Nigerian Revenue Services (NRS). Commenting on the […]
AfDB canvasses investment opportunities in energy sector
Cynthia EzekweJuly 11, 2023
By Cynthia Ezekwe. The African Development Bank (AfDB) has called on industry players to improve investments in the energy sector, particularly power and renewable energy, to drive industrialisation, accelerate national development and unlock the viable opportunities in the economy, Akinwumi Adesina, AfDB boss, stated this at a summit organised recently in Abuja by the Nigeria […]
ICAN makes case for appointment of chartered accountants in Tinubu’s cabinet
Onome AmugeJuly 11, 2023
By Onome Amuge. The Institute of Chartered Accountants of Nigeria (ICAN) has advised President Bola Tinubu to consider the appointment of more chartered accountants in his ministerial cabinet as part of the economic policy reforms needed to boost the country’s economy. The association in a statement signed by its president, Innocent Okwuosa, said the socio-political […]
Africa generates €1.69bn from tackling tax evasion and illicit financial flows,says report
Onome AmugeJuly 11, 2023
By Onome Amuge African countries have realised additional revenues totalling €1.69 billion following the tackling of tax evasion and illicit financial flows in the continent. This is according to the 2023 “Tax Transparency in Africa” progress report unveiled at the just concluded 13th meeting of the Africa Initiative in Cape Town, South Africa. The report […]