FMDQ plans mortgages to boost market activities

Businessam StaffSeptember 11, 2019

FMDQ Securities Exchange Plc has revealed plans to introduce mortgages to boost trading in the nation’s capital market. Bola Onadele-Koko, the chief executive officer, FMDQ, said in an interview with Bloomberg that the lack of housing finance was one of the reasons why the capital market had not grown as it should. He stated that […]

CBN injects $210m into forex market

Businessam StaffSeptember 11, 2019

The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into the interbank segment of the foreign exchange market following sales concluded on Tuesday. Isaac Okoroafor, CBN’s director, corporate communications department, made this known in a statement in Abuja on Tuesday. Okorafor explained that the figures released by the CBN indicated that authorised […]

‘Lagos, Osun, Ekiti, Oyo, Ondo, Ogun carry a debt burden of N1.04trn’

Businessam StaffSeptember 10, 2019

Tella Sheriffdeen, an economist, on Tuesday expressed concern over the N1.04 trillion debt profile of states in the South West. Tella, a professor of economics at Olabisi Onabanjo University, Ago-Iwoye, Ogun, expressed the concern to the News Agency of Nigeria (NAN) in Lagos while reacting to the data published by the Debt Management Office (DMO). […]

Rising debts fueling vulnerabilities in Nigeria, others, experts warn

Businessam StaffSeptember 9, 2019

Global Debt

Rising debt levels are fueling vulnerabilities in Nigeria and other African countries, especially as external debt is shifting from the public to the private sector, experts have warned. Owing to this, recovery in the continent remains patchy as debt levels are soaring, adding urgency to the continent’s drive to boost trade, the experts that participated […]

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

Businessam StaffSeptember 5, 2019

The Central Bank of Nigeria is to give a loan of N1.5 billion to Plateau under the Accelerated Agriculture Development Scheme (AADS). Yusuf Duniya, branch controller, CBN Jos, said that the AADS was for the youth of between 18 and 35 years of age who were expected to work in clusters. He made the disclosure […]

How Nigeria can achieve Paris Agreement on climate with local, international financing

September 4, 2019

By Samson Echenim   Nigeria can actually leverage on local and international sources of fund to achieve its nationally determined contribution (NDC) goals in the Parish Agreement targets by 2030 via bonds, guarantee instruments, commercial debt, concessional loans, equity and insurance products, global climate impact finance adviser, Jubril Adeojo has said. Nigeria signed the Paris Agreement […]

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 […]

CITN lauds FIRS’ strategies towards improving Nigeria’s revenue generation

Adesola AfolabiSeptember 2, 2019

The Chartered Institute of Taxation of Nigeria has lauded achievements of the Federal Inland Revenue Service (FIRS) towards improving the revenue base for the country. According to the institute, The FIRS has done credibly well and needs to be commended by both government and well-meaning Nigerians. Adefisayo Awogbade, registrar/chief executive for the institute in a […]