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Capital imports to Nigeria rise to $16.8b

Capital imports to Nigeria rise to $16.8b

The value of capital imported into Nigeria rose 37.5 per cent to $16.8 billion last year, data  from the National Bureau of Statistics (NBS) showed yesterday. Much of this huge cash was spent on equities in the country, the NBS data indicated. The National Bureau of Statistics (NBS) yesterday said $10.43 billion of the headline […] …

Capital importation declines by 25% in Q4 2018 ― NBS

National Bureau of Statistics (NBS) on Wednesday disclosed that the total value of capital importation into Nigeria stood at $2.140 billion in the fourth quarter of 2018. This represents a decrease of 25.05 per cent compared to Q3 2018 and 60.24 per cent decrease compared to the fourth quarter of 2017. Similarly, the total value […]
The post Capital importation declines by 25% in Q4 2018 ― NBS appeared first on Tribune Online. …

Hoodlums attack Atiku’s campaign office in Ebonyi, destroy billboards

Hoodlums attack Atiku’s campaign office in Ebonyi, destroy billboards

Obinna Odogwu, Abakaliki Some hoodlums in the early hours of Friday, attacked the campaign office of the Presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, in Abakaliki, the Ebonyi State capital and destroyed its billboards. The campaign office located along the Mile 50 axis of the old Enugu Road is run by […]
The post Hoodlums attack Atiku’s campaign office in Ebonyi, destroy billboards appeared first on The Sun Nigeria. …

Police arrest man for murder of his 2 children

Police arrest man for murder of his 2 children

Femi Folaranmi, Yenagoa The Police in Igbogene community, a suburb of Yenagoa, the Bayelsa State capital, have arrested a man for the murder of two of his children. The suspect, Samuel Sunday Otasi, aged 42, was said to have given the children Sniper to drink after tying them to a tree in the forest. The […]
The post Police arrest man for murder of his 2 children appeared first on The Sun Nigeria. …

One killed in Osun cult clash

One killed in Osun cult clash

Clement Adeyi, Osogbo A clash between two cult groups resulted in the death of a notorious cultist fondly called Badoo, on Sunday evening, in Osogbo, the Osun State capital. The Daily Sun gathered that the incident which took place at a popular joint known as Star Night, near the former secretariat of the All Progressives […]
The post One killed in Osun cult clash appeared first on The Sun Nigeria. …

N200m capital base excessive for rural MfBs — Ilutitun-Osoro MfB

Managing Director, Ilutitun-Osoro Microfinance Bank Limited, Ondo State, Mr. Ohizemokhai Mascot, in this interview, commended the recent decision of the Central Bank of Nigeria (CBN) to increase minimum capital base of MfBs. He however averred that the N200 million capital base stipulated for Unit MfBs is far more than what MfBs in rural areas need for their operations, while also calling for ways to curb loan default. Excerpt: 
Continue reading N200m capital base excessive for rural MfBs — Ilutitun-Osoro MfB at Vanguard News. …

United Capital launches its new, improved online investment platform, InvestNow.Ng

UNITED Capital Plc, a leading financial services group just launched its new, improved online investment platform, InvestNow. The company, which prides itself in being, innovative and customer-centric rolled out this platform as part of its […]
The post United Capital launches its new, improved online investment platform, InvestNow.Ng appeared first on Tribune. …

No Unit MFB can operate profitably with N20m capital base — MD Pennywise MfB

Buhari’ll send hyenas, jackals out of govt — Aisha

The business of microfinance banks is largely focused on supporting the active poor in the economy. When I say the active poor, I mean those engaged in economic activities but lack enough capacity to borrow. The current economic situation has negatively affected the MfBs purely because of this reason, apart from Lagos State where the government is able to pay workers salaries, almost all the other states in the country are hardly able to pay salaries.
Continue reading No Unit MFB can operate profitably with N20m capital base — MD Pennywise MfB at Vanguard News. …

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