You are here
Home > Money

Shareholders commend Africa Prudential for sustained growth

Shareholders commend Africa Prudential for sustained growth

Shareholders of Africa Prudential Plc have commended the board and management of the share registration company for sustaining its growth over the years, despite challenges in the operating environment. At the annual general meeting in Lagos, shareholders approved the payment of N1 billion as cash dividend for the 2018 business year, representing a dividend per […] …

FMDQ to banks: hedge dollar-based loans

FMDQ to banks: hedge dollar-based loans

• Global derivatives market estimated at $690.37tr Commercial banks taking dollar-denominated loans should hedge the facility against risk of currency fluctuations, FMDQ OTC Securities Exchange Managing Director/CEO Bola Onadele has said. Speaking during the financial markets workshop in Lagos, he said banks borrowing dollars needed to protect themselves through hedging. “Anyone that takes foreign currency […] …

Stanbic IBTC celebrates gender-balanced workforce

Stanbic IBTC celebrates gender-balanced workforce

Stanbic IBTC has again highlighted its resolve to maintain a gender-balanced workforce to ensure it continues to provide quality financial services to clients. The pledge was given at the 2019 Stanbic IBTC Blue Women Network (BWN) fifth anniversary event held in Lagos. The BWN, inaugurated five years ago, has consistently organised the BWN event to […] …

CBN lauds Ecobank’s Sustainability Efforts

CBN lauds Ecobank’s Sustainability Efforts

The Central Bank of Nigeria (CBN) has recognized and awarded Ecobank Nigeria on its laudable sustainability and Corporate Social Responsibility (CSR) initiatives. The CBN at its 2018 annual awards for sustainability in Lagos, recognized Ecobank’s activities in four categories which include Sustainability Bank of the Year;; Sustainability Bank of the Year -oil and gas; Sustainability […] …

IFC: Nigeria’s private capital to GDP rate low

IFC: Nigeria’s private capital to GDP rate low

Nigeria has low private capital to Gross Domestic Product (GDP) rate, which remains a major consideration that foreign investors consider in making their investments in countries, Country Managing Director at International Finance corporation (IFC),  Mrs. Eme Essien, has said. Speaking yesterday at the FirstBank 125 years anniversary in Lagos, she said the level of risk […] …

FMDA, FMDQ task govt, banks on hedging

FMDA, FMDQ task govt, banks on hedging

The FMDQ OTC Securities Exchange and Financial Market Dealers Association of Nigeria (FMDA) have urged the Federal Government, banks and other enterprises to embrace hedging to reduce the risk of exposures to unforeseen circumstances. Hedging is a risk management strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, […] …

Fed Govt adjusts 2019 MTEF

Fed Govt adjusts 2019 MTEF

Budget and National Planning Minister, Udoma Udo Udoma yesterday told the Senate Committee on Finance that some slight adjustments had been effected on the 2019 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP). The adjustments came between when it was approved by the Federal Executive Council and the finalization of the 2019 budget proposals. […] …

TEF entrepreneurs list out March 22

TEF entrepreneurs list out March 22

The Tony Elumelu Foundation (TEF) will announce the selected applicants for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme on March 22. The event, which marks the fifth round of the Foundation’s Entrepreneurship Programme, will take place at the Transcorp Hilton Hotel, Abuja. Every year, the TEF opens its application portal to African entrepreneurs, […] …

Ecobank subsidiary denies court order on shares sale

Ecobank subsidiary denies court order on shares sale

O&O Networks Limited, Special Purpose Vehicle (SPV) owned by the Ecobank Group says contrary to certain news reports, there is no forfeiture order of the Federal High Court of Nigeria in its proceedings that is directed against Ecobank Transnational Incorporate (ETI) or Ecobank Nigeria Limited. O&O Networks Limited is defending long-standing proceedings in the Federal […] …

Top