Archives for June, 2018 - Page 3
AMCON recovers N731bn from bank debtors in seven years
The Asset Management Corporation of Nigeria said it recovered N731bn from bank debtors since its inception in 2010 to December 2017. Out of this amount, properties…
NSE Reviews Equities Market Structure to Improve Liquidity and Participation
The Nigerian Stock Exchange announced that it has reviewed its Equities Market Structure, which shall become effective on Monday, July 2, 2018. The new Market Structure will create a level…
Musa Sets Goals Record As Super Eagles Fly Over Iceland
The Super Eagles of Nigeria picked their first win of the Russia 2018 FIFA World Cup after beating Iceland 2-0 in their second Group D game…
Experts Seek Regional Approach As Cassava Mosaic Disease Threatens 55m Annual Production
The Global Cassava Partnerships for the 21st Century (GCP21) has called for urgent regional approach to halt the spread of cassava mosaic disease (CMD) that is threatening cassava production…
Custodian Investment Plc unaffected by Abraaj bankruptcy
The Abraaj Holdings – a Dubai-based investment firm with operations in Africa, Asia, Latin America, Middle East and Turkey filed for liquidation on June 12, 2018.…
2018 Budget: FG To Borrow N1.6tn To Fund Deficit — Udoma
President Muhammadu Buhari flanked by the Vice President Prof Yemi Osinbajo Signs the 2018 Budget. Others are Chief of Staff, Mallam Abba Kyari, Chairman Senate Committee on…
Asset Sales: AMCON Restructures; Seeks Speedy Disposals Strategies
L-R: Mr. Aliyu Abubakar Kalgo, Head, Asset Sales, Asset Management Corporation of Nigeria (AMCON); Executive Directors of AMCON, Dr. Eberechukwu Uneze and Mr. Aminu Ismail; Osy Chijioke Kamalu,…
Nigerian Banks Lose N12.30 Billion To Fraud In Four Years – NIBSS
Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi,…
SEC takes Financial Inclusion Campaign to Grassroots
In line with the determination of the nation’s financial authorities to achieve 80 per cent rate in financial inclusion by 2020, the Securities and Exchange…
Increased Domestic, Foreign Borrowings Push Public Debt To N22.7trn in Q1
Increased domestic borrowing by state governments as well as rising foreign borrowing by the federal government have pushed Nigeria’s public debt by percent to trillion in the first quarter…