Business

Babajide Okeowo The Securities and Exchange Commission (SEC) has moved to find an enduring solution to the perennial unclaimed dividend issue. Last week, SEC cut the turnaround time for processing and transferring shares from dead…

Emeka Okoroanyanwu The Central Bank of Nigeria CBN has posited that its commitment to deepening financial inclusion in line with its objective to achieve the national financial inclusion target of 80% by 2020, was the reason why the apex…

Emeka Okoroanyanwu Nigeria’s current account entered into a deficit of US$1.1bn, equivalent to -1.1% of Gross Domestic Product (GDP), compared with the previous quarter’s surplus of US$1.1bn (1.0%). The deterioration stemmed from a…

Emeka Okoroanyanwu Central Bank of Nigeria (CBN) in a letter last week mandated all Deposit Money Banks (DMB) to maintain a Loan to Deposit Ratio (LDR) of 60 per cent by September 30, 2019. The policy, the apex bank said, was aimed at…

To curb the growing menace of sea piracy on Nigerian waterways, offenders are now to face life jail. This is contained in the Suppression of Piracy and other Maritime Offences Law, just signed by President Muhammadu Buhari.  Maritime…

Emeka Okoroanyanwu The Lagos Chamber of Commerce and Industry (LCCI), has kicked against new import duty exchange rate set by the Central Bank of Nigeria labeling it as a clear departure from the promise made by this present…

National Orientation Agency (NOA) in Jigawa State on Friday called on  Nigerians to patronise made- in-Nigeria goods and services. Alhaji Shuaibu Karamba, Jigawa State Director of  NOA, made the plea during mobilisation campaigns for…

Plus Acuity, a specialised media independent agency, has been recognised as the ‘Outstanding Young Media Agency of the Year 2019’. The award, which was announced at the Marketing Edge summit held in Lagos recently, is for its professional…

Babajide Okeowo Oyeyemi Awe lives in the United Kingdom. He emigrated to the UK about 15 years ago and works in Greensmiths, an artisan supermarket in London. Every month, he sends home some money to his aged parents, wife and children…

The Federal Mortgage Bank of Nigeria (FMBN) has engaged KPMG, a leading management consulting and business improvement firm, to reform and reposition the bank. Mrs Zubaida Umar, Group Head, Corporate Communications of the bank said in a…