The World Bank has given US$215 million to communities across the country for the execution of rural development projects under its community and social development scheme. About 31 states of the federation signed the subsidiary loan agreements for the funding mechanism, which is deducted at source through the Ministry of Finance. The projects will enable […]
Chairman of Etisalat Nigeria, Mr. Hakeem Bello Osagie has resigned his appointment following the approval of a restructuring plan for the telecommunications firm. The resignation is effective immediately, according to an insider. The source further said: “Although the Chairman had planned to leave immediately the banks made the take-over move, he opted to tarry until […]
MTN on Friday in Abuja said it would list its shares on the Nigerian Stock Exchange this year. MTN General Manager, Mr Nikiwe Tsaagane, made this known when he paid a courtesy visit to Dr Ogbonnaya Onu, Minister of Science and Technology. Tsaagane said the efforts would help to fast-track improvement in Nigerian economy. “It […]
Etisalat Communications in partnership with Support Microfinance Bank have simplified access to loans through the launch of its new service, KwikCash. The service, which is currently available only on the Etisalat network, was developed for subscribers who have bank accounts and need to access cash loans to settle urgent financial needs. It enables customers to […]
The Director-General, Budget Office of the Federation, Mr. Ben Akabueze, has said tourism offers opportunity for job creation and capable of driving short-term growth and longer-term structural change. Akabueze who was represented at the event by his Technical Assistant, Miss Olayinka Babalola, said this in a presentation entitled, “Financing as a Catalyst to Sustainable Tourism […]
With growing access to the internet, social media now represents an indispensable channel for businesses to promote their brand, connect with customers, cultivate sales leads and deepen their reach. Considering the increasing utility of the smartphone and other mobile devices, research indicates that up to 80 percent of your target market are actively engaged and […]
Managing Director/ CEO, Guaranty Trust Bank Plc, Mr. Segun Agbaje, has stated that Nigeria’s economy may be in a difficult period, but with digitalization at the core of the national banking strategy, financial inclusion has been given room to grow. Agbaje made the statement at a World Finance conference in Lagos. “There are so many […]
Nigeria is expected to be the fastest-growing hospitality market from a revenue perspective over the next five years with a projected 14.7 per cent compound annual increase in revenue, PwC stated in the 7th edition of its ‘Hotels Outlook: 2017-2021.’ According to the report , the country was expected to benefit from an improving economy, […]
The Securities and Exchange Commission (SEC) has extended the deadline for stoppage of issuance of physical dividend warrants in the nation’s capital market to December 31, 2017. Naif Abdussalam, SEC Head, Corporate Communications, who disclosed this in Lagos yesterday, said the deadline was extended to give room for investors to key into the e-dividend payment […]
On the first day of transaction after the Eid-el-Fitr celebration, the Central Bank of Nigeria (CBN) on Wednesday intervened in various segments of the inter-bank market to the tune of $195 million. A breakdown of the day’s intervention indicates that authorised dealers in the wholesale window segment received $100 million offer from the bank, while […]