FX unification positive step to economic stability, says Deloitte 

June 27, 2023

FX unification positive step to economic stability, says Deloitte 

By Onome Amuge The unification of the foreign exchange rate by the Central Bank of Nigeria (CBN) has been described as  positive news for Nigerians and investors alike as  Africa’s largest economy finally joins the league of countries with a flexible exchange rate, allowing market forces of demand and supply to determine the price of […]

Tall order for Tinubu hitting 6% GDP target, says KPMG

June 12, 2023

Tall order for Tinubu hitting 6% GDP target, says KPMG

    By Onome Amuge   President Bola Tinubu, in his May 29 inauguration speech, set a target to raise Nigeria’s gross domestic product (GDP) growth rate to six percent on average in the next four years through budgetary reforms aimed at stimulating the real sector of the economy. But in a recent flashnote titled, […]

Tinubu to streamline taxes amid Nigeria’s illegal taxation menace

June 5, 2023

By Onome Amuge Taxes are considered compulsory levies paid by individuals and businesses to the government with the specific purpose of generating revenue for government expenditure. In other words, it can be defined as a levy imposed by the federal government and subnationals on the income profit of an individual, partnership and corporate organisation. The […]

IMG grows assets to N6.78bn, proposes dividend 

May 23, 2023

IMG grows assets to N6.78bn, proposes dividend 

  By Business A.M.   Industrial and Medical Gases (IMG) Nigeria plc, has grown its total assets to N6.78 billion as at the year ended December, 2022, an increase of 21 percent, compared with N5.60 billion posted in 2021.   The profit before tax of the frontline manufacturer of industrial and medical gases in Nigeria also grew […]

Adeosun, CIS president, explains MoU with Lagos Business School

May 23, 2023

Adeosun, CIS president, explains MoU with Lagos Business School

  By Business A.M.   The Chartered Institute of Stockbrokers (CIS) through its training arm, CIS Academy, has executed a Memorandum of Understanding (MOU) with the Lagos Business School (LBS) for sustainable capacity building and development training.    The first series, which was held  at LBS recently, and focused on a range of issues about “Board, Leadership, Regulation, and Compliance Issues […]

Opportunik to launch licensed African, diasporan focused investment fund

April 18, 2023

Opportunik to launch licensed African, diasporan focused investment fund

By Cynthia Ezekwe Opportunik Global Fund (OGF), a private wealth fund giving Africans and diasporans access to global investments, has  announced that it will launch its licensed fund in May 2023. The company, in a statement, disclosed that the licensed fund is administered  by Accuvise Administrators Limited, a registered fund administrator based in Mauritius, while […]

Old Mutual launches radio programme to promote financial literacy

April 13, 2023

Old Mutual launches radio programme to promote financial literacy

By Cynthia Ezekwe Old Mutual Nigeria, a subsidiary of Africa’s financial services group, Old Mutual Limited (OML), has launched a radio programme entitled ‘The Money Beats Show,’  to promote financial education and adoption of insurance products for Nigerians. The Money Beats show intends to upskill Nigerians to be financially smart and savvy risk managers by […]

GIABA engages BDC operators on fight against money laundering

April 6, 2023

GIABA engages BDC operators on fight against money laundering

By Olivia Nnorom The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has charged  Foreign Exchange Bureaus/Bureau De Change (BDC) operators on effective implementation of anti money laundering (AML) preventive measures in the currency exchange sector in the fight against money laundering and terrorism financing in Nigeria. GIABA gave the recommendation at a […]