NIRC pushes for capacity building in integrated reporting in Nigeria
Omobayo Azeez
June 25, 2020
By Omobayo Azeez THE NIGERIAN INTEGRATED REPORTING COMMITTEE (NIRC) is on a mission to build capacity in integrated reporting in Nigeria, Innocent Okwuosa, the chairman of the committee has said. According to him, the future of reporting companies’ performances transcend financial reporting which only covers one out of six aspects of companies’ operation, and thus […]
Pension operators target widened pension coverage
Omobayo AzeezJune 25, 2020
By Omobayo Azeez Pension Operators in Nigeria have unveiled plans to widen the coverage of the different pension schemes in the country, to bring more contributors into the security basket. The operators, under the aegis of Pension Fund Operators Association of Nigeria (PenOp), said they would do this by further engaging the government and […]
FMDQ lists N23bn debt Securities in move to deepen financial market
Businessam StaffJune 23, 2020
In a move to deepen the Nigerian financial system and provide more investment instruments for investors, FMDQ Securities Exchange Limited has listed N23 billion debt securities on its platform as part of efforts to empower the Nigerian financial market, provide a choice platform for the registrations, listings, quotations, and trading of debt securities. The company […]
Cititrust Nigeria launches transformation journey
Samson EchenimJune 23, 2020
Cititrust Nigeria, a leading financial services provider, has launched her culture transformation journey aimed at delivering excellent service and world class customer experience. The ceremony, which took place at Cititrust Nigeria operations’ country office in Lagos on Friday, attracted notable figures in the nation’s banking and financial services industry. Ikechukuwu Peter, country chief executive of […]
COVID-19: As global remittances decline by 20% to $445bn, over 800 million rural family members face deeper poverty
Ben EguzozieJune 18, 2020
…Africans to bear the greatest brunt Ben Eguzozie, with agency report At least 800 million rural family members around the world are at risk of being pushed deeper into poverty, with lack of access to food, health and education, as the economic impact of the COVID-19 pandemic has led to the loss of millions of […]
AMCON takes over Doggi Group Limited’s Asokoro, Katampe Hills, Abuja assets over N440m debt
Businessam StaffJune 18, 2020
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Doggi Group Limited situated in Asokoro and Katampe Hills in Abuja, Nigeria’s Federal Capital Territory following a judgement debt of N440 million. AMCON’s action followed the judgement of a Federal High Court in Abuja presided over by Justice A.I. Chikere directing that […]
Nigeria: Too cheap to ignore
Dylan WallerJune 18, 2020
Dylan Waller, Frontier and Emerging Stock Markets Analyst Nigeria’s stock market is well worth monitoring now, given that Nigeria is Africa’s most populous country and also home to one of the world’s cheapest stock markets at the moment PWC’s The World in 2050 report notes that Vietnam and Nigeria could be the world’s fastest […]
Fitch Ratings forecasts 1.5% current account deficit for Nigeria
Businessam StaffJune 9, 2020
As crude oil prices at the international market continue to surge on gradual reopening of economies globally and increasing compliance by oil exporting countries’ on output cuts, an analyst at Fitch Ratings, Mahmoud Harb, has projected a positive outlook for Nigeria’s current account balance sheet in 2020 fiscal year. A country is rated to have […]
Africa’s junk bonds among hottest investments with big yields
Businessam StaffJune 4, 2020
Africa’s sovereign bonds — all of them rated junk — have been among the biggest beneficiaries of the risk-on mood that’s sweeping global markets as economies reopen from coronavirus lockdowns. Seven of the 12 top-performing emerging-markets this quarter are in Africa. Angola, which is in discussions to reorganize some of its loans, leads the pack […]
FG: COVID-19 has attacked all revenue sources
Businessam StaffJune 4, 2020
The federal government says the COVID-19 pandemic ravaging the globe has attacked all its revenue sources. Lai Mohammed, the minister of information and culture, said this Wednesday while reacting to a question on the complaints from ministries, departments and agencies that they had run out of resources to fund projects. Mohammed said: “We are not […]