Access Bank reiterates funding for SMEs
Nigeria’s top financial lender, Access Bank has pledged to fund entrepreneurs and create market access for small businesses by putting them in the right community. Speaking during a conversation with customers in the micro, small and medium scale category, Deputy Managing Director, Victor Etuokwu, said the bank remained resolute in
New ICAN president pledges collaboration with stakeholders
The Institute of Chartered Accountant of Nigeria, ICAN, has elected its 58th president, Tijani Isa. His investiture took place in Lagos and was witnessed by the governors of Lagos State and Jigawa State, the Minister of Education, Adamu Adamu, sister professional bodies, the academic community, and other relevant stakeholders. In
Experts warn Nigeria as World Bank predicts global recession
Economic and financial experts have warned that Nigeria could face serious economic consequences if the global economy contracts into a recession, as predicted by the World Bank. The President of the World Bank Group, David Malpass, told a United States business event on Wednesday that it was difficult to “see
3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring
Shares of Dollar General and Dollar Tree popped Thursday, as the discounters beat Wall Street’s quarterly earnings expectations, raised outlooks for the coming year and spoke of consumers flocking to lower prices during inflationary times. Dollar General shares rose 13.71% to close at $222.13 on Thursday. Dollar Tree shares jumped
Environment: NEITI moves to hold oil companies, miners accountable
The Nigeria Extractive Industries Transparency Initiatives, NEITI, yesterday took the first step to compel petroleum and mining companies to report on the impact of their operations on the local environment across the country. Speaking at a national stakeholders’ validation workshop on the development of frameworks for environmental impact and gender
Dangote lists 7 points to stimulate investment, stabilize downstream sector
DANGOTE Refinery, an indigenous refining company, yesterday, listed seven points, capable of enabling Nigeria to stimulate investment and stability in the downstream sector. The seven points included increased private sector enterprise, competitive investment regime, government policy shift, fuel subsidy elimination, introduction of calibrated fuel taxation, reduction of interest rates to
FIRS explains Nigeria’s rejection of OECD tax agreement
The Federal Inland Revenue Service (FIRS) has stated that Nigeria refused to endorse the Organization for Economic Cooperation and Development (OECD) Minimum Corporate Tax Agreement because it does not serve the overall interest of the country. Executive Chairman of FIRS, Mohammad Nami gave this explanation at the recent tax conference
INFLATION: Analysts divided over MPC decision on policy rate
Investment analysts are divided on whether the Central Bank of Nigeria, CBN will at the end of the meeting of its Monetary Policy Committee, MPC, raise the Monetary Policy Rate, MPR, following the three-month consecutive increase in the inflation rate. The inflation rate rose to 16.82 per cent in April,
Lagos airport shut temporarily, flights diverted over mangled corpse on runway
The international wing of the Murtala Muhammed International Airport, Lagos, was temporarily shut in the early hours of Thursday after the mangled body of a dead man was found on Runway 18R of the nation’s flagship airport. The identity of the corpse could not be ascertained as of press time.
World Bank to fund $30bn projects in Nigeria, others
The World Bank has said it is set to disburse a total of $30bn to fund existing and new projects in Nigeria and other countries as part of a global response to combat the ongoing food security crisis. According to the bank, it is working with countries on a $12bn