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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 […] …

CBN sets April 2021 deadline for MfBs’ recapitalisation

CBN sets April 2021 deadline for MfBs’ recapitalisation

The Central Bank of Nigeria (CBN) yesterday set a three-year timeline for all categories of Microfinance Banks (MfBs) to recapitalise. The apex bank directed all categories of MfBs to complete their recapitalisation process on or before April 2021. In a circular to all MfBs signed by CBN Director, Financial Policy and Regulation, Kelvin Amugo, the […] …

UBA posts N494b gross earnings

UBA posts N494b gross earnings

United Bank for Africa (UBA) Plc has announced N494 billion gross earnings for its audited 2018 financial results. Its total assets were worth N4.9 trillion. According to the bank’s 2018 financials filed at the Nigerian Stock Exchange (NSE), it gross earnings grew by seven per cent to N494 billion, compared to N461.6 billion recorded in […] …

Sterling Bank backs slum kids arts project

Sterling Bank backs slum kids arts project

Sterling Bank Plc has reiterated its support for Slum kids celebration of MyFreedomDay, unveiling of portraits of 196 World Leaders held in Lagos. The bank is backing the children in Ijora-Badia, an underserved high-density settlement in Lagos, who joined their counterparts in other parts of the world to campaign against modern slavery. The children’s message […] …

Your Ambition Is Poor If It Is All About Making Money; To Attract Money, Solve People’s Problem & Meet Their Needs

Your Ambition Is Poor If It Is All About Making Money; To Attract Money, Solve People’s Problem & Meet Their Needs

Your Ambition Is Poor If It Is All About Making Money Life Changing Motivational Quotes By Gbenga Adebambo To Attract Money, Solve People’s Problems And Meet Their Needs When a man pursues purpose, money comes ultimately When a man pursues purpose, fulfillment is inevitable Poverty is not the state of

FMDA, FMDQ partner on derivatives workshop

FMDA, FMDQ partner on derivatives workshop

The FMDQ OTC Securities Exchange and the  Financial Market Dealers Association (FMDA) have partnered to promote the forthcoming FMDA conference on derivatives market holding next week in Lagos. The International Swaps and Derivatives Association (ISDA) Africa Chairman, Mr. Brett Gallie,  Partner at Clifford Chance, Derivatives and Structured Trades, Mr. Matthew Grigg and   Managing Director/CEO, FMDQ […] …

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