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Month: March 2021

Non-Interest Capital Market, full of Potentials- SEC DG

The non-interest capital market sector in Nigeria has been described as one that is unique and full of potentials to facilitate the objective of deepening the financial system and spurring the growth of the Nigerian economy. This was stated by the Director General Securities and Exchange Commission, Mr. Lamido Yuguda in an opening remark during […]

NACCIMA  Collaborates NEPC  To Sensitize Chambers Of Commerce On 5B Naira Export Development Fund

The Nigerian Export Promotion Council (NEPC) in collaboration with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) embarked on a Sensitization campaign to enlighten Chambers of Commerce across the country on the N50BN EXPORT EXPANSION FACILITY (EEF) under the Federal Government Economic Sustainability Plan (ESP), which aims at providing financial stimuli […]

New Rules For Warehousing and Collateral Management by SEC

In a bid to ensure the nation has a vibrant commodities trading ecosystem which would in turn translate into foreign exchange earnings for the country, the Securities and Exchange Commission has released new rules covering warehousing and collateral management among others. According to the rule, every warehouse that stores commodities to be traded on a […]

Winners Emerge In Heritage Bank’s ‘YNSPYRE’, Cream Platform Promo  

Winners have emerged at the Heritage Bank Plc, ‘YNSPYRE’ Cream Platform Promo held in Abuja. CREAM Platform, Nigeria’s premiere creative reward platform officially kicked off its partnership with Heritage Bank’s YNSPYRE Initiative with the commencement of the CREAM Monthly draws on Friday – March 26th 2021, rewarding subscribers who dialed the *745*463# code, with lots […]

World Bank Projects 4% Expansion Of Global Economy In 2021

  Latest report by the World Bank has projected a 4% expansion of the global economy in 2021, marking a return to growth after the COVID-19-induced recession of 2020. It, however, highlighted vaccine deployment and investment as key to sustaining the recovery. “While the global economy appears to have entered a subdued recovery, policymakers face […]

Panel Awards N16 Million To Four Victims Of #EndSARS

The Lagos State Judicial Panel of Inquiry on Restitution for Victims of SARS related abuses has awarded more compensations to victims of police brutality in the state. Doris Okuwobi, the chairperson of the panel, on Saturday gave judgement on six petitions. Four of the petitioners were awarded compensations in different sums, while the two others […]

Kogi’s Inflated N90 Million Software, Other Covid-19 Expenditure : SERAP Seeks Probe

Winifred Bosa The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “direct the Attorney General of the Federation and Minister of Justice Abubakar Malami, SAN and appropriate anti-corruption agencies to investigate alleged misuse of the N4.5 billion donations, loans and support the Kogi State government obtained from the Federal Government, including […]

Attacks On Police Officers, Facilities : 16 Suspects Arrested – Official

Several police officers have been killed lately in a string of attacks by gunmen, mostly around Nigeria’s South-east and South-south regions. In effect, the Police have arrested 16 people for “complicity in a series of violent and unprovoked attacks on security operatives and facilities” around Nigeria, especially in the South-east region. The spokesperson at the […]

Borno : Troops Rescue 11 Kidnap Victims, Kill 48 Boko Haram Terrorists

Troops of Operation Lafiya Dole have killed 48 Boko Haram terrorists and rescued 11 kidnap victims in Borno State. In a statement issued by the Director of Army Public Relations, Brigadier-General Mohammed Yerima, the nine terrorists were gunned down in an ambush along the Chibok -Damboa axis of the state. The troops achieved the feat […]

African Banks Face Likely Revenue Slump Of $48 Billion- Report

African banks need to improve operating efficiencies and mitigate other risks quickly to avoid a revenue slump of as much as $48 billion over the next three years, says McKinsey & Company, a global management consulting firm that serves leading businesses, governments, non-governmental organizations, and not-for-profits. “If risks go unchecked, multiple years of low profitability […]

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