Business
Tuesday, 29 January 2013 15:15
Playing Hide-and-Seek with Customers’ Funds
Officials of Delta State government raise eyebrows over N1 billion tax revenue reportedly missing, calling on the relevant authorities to investigate the alleged fraud It started as claims and counterclaims by the Delta State Board of Internal Revenue, DBIR, and Chevron Nigeria Limited, CNL. The multinational oil company claimed it had paid N1.1 billion tax into DBIR’s account, but the board denied receiving the money, saying that it did not receive an alert from its banker to that effect. Thomas Joel-Onowakpor, executive chairman, DBIR, is now concerned as both Union and Diamond banks, the two banks involved in…
The Nigerian Stock Exchange, NSE, has introduced the Fixed Income Market Making, FIMM, to increase accessibility of the bond market to the investing public today. Before now the bond market was mainly accessible to the institutional, corporate and high networth individuals through the over the counter, OTC, market. But according to Oscar Onyema, chief executive officer, CEO, NSE, all investors will now have access to the bond market through their brokers/dealers via the NSE Automated Trading System. The FIMM is a platform that allows debt market’s participants to trade listed debt instruments issued by the Federal…
School of Banking Honours, in conjunction with First Bank of Nigeria, Stanbic IBTC and Unity Bank, are starting the initiative of introducing N50 stamp in the form of bank teller receipts, electronic transfer receipt with values of N1000 and above, as provided by the stamp duty Act 2004, and NIPOST Act 2004. Th initiative, which has NIPOST, as the principal partner, and School of Banking Honours, as the consultant, is expected to generate N50 billion a year into government coffers.
Thursday, 03 January 2013 18:49
More Winners Emerge in Sterling Bank Promo
Sterling Bank plc rewards its customers in its on-going MoneyGram 'gear up for school promo' for their patronage using the bank’s channels to transfer and receive funds abroad. The winners which were selected during a national raffle draw in Lagos, were Olalekan Alominle (Marina branch); Adenike Daniel (Iwo Road branch); Femi Adams (Ogba branch); Wole Oweye (Idimu branch); and Charles Ude (Alaba 1branch). Others are Tele Adedoyin (Oke Ado branch) and Idowu Kolawole (Demurin branch). Gift items won included netnote books and backpacks. While presenting the gifts to the winners, Abdul-Fattah Amoo, group head, e-Channels, Sterling Bank, said the…
Thursday, 03 January 2013 16:33
Capital Market Hits N9 Trillion
The New Year started on an optimistic note during trading on the floor of the Nigerian Stock Exchange, NSE, as major indicators maintained an upward movement in a three-day gaining streak. The market capitalisation of the 186 first tier equities, which closed 2012 transaction at N7.91 trillion, rose to N9.10 trillion as at January 3. The all-share index also increased from 27,866.51 by December 31, 2012 to 28,501.21 as at January 3. The financial sector led the market transaction volume with 134.20 million units valued at N1.21 million exchanged in 1,655 deals as against 93.57 million…
Wednesday, 02 January 2013 13:04
Honing Entrepreneurial Skills
Through an incisive public lecture, the Chartered Institute of Personnel Management brings to the fore the burning issue of unemployment With an increasing unemployment rate, there is a shortage of specialists in key sectors of the economy. That worrisome statistic informed the theme of this year’s annual public lecture of the Chartered Institute of Personnel Management, CIPM, Skills Acquisition And Entrepreneurship: Prerequisite For National Development, which aimed at bridging the gap between unemployment, skill acquisition and entrepreneurship. Godwin Omene, guest speaker and former managing director/chief executive officer of Niger Delta Development Commission, NDDC, pointed out the…
Tuesday, 11 December 2012 12:39
Revving the Economy the Capital Market Way
Experts map out strategies on how to use the capital market to drive government’s economic transformation agenda For Arunma Oteh, director-general, DG, Securities and Exchange Commission, SEC, being more innovative, courageous and more pragmatic are fundamental steps that must be taken in order to grow a capital market, which can drive rapid economic prosperity as captured in the Transformation Agenda of the present administration. She poses further questions: “How can we create a market that can help to diversify our economy away from oil to a broad-based and more robust economy? How can the capital market play…
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CAF's Asking Price for AFCON 2013 Broadcast Rights is Outrageous
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- Most Read
- Most Commented
- Private Jet Boom: More Nigerians Fly in Style in Top Story Read 2868 times
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- Ferguson: The End of an Era in Blog Read 2455 times
- A Carnival of Love for Ileso, Edosa in Entertainment Read 2094 times
- A Call for Openness in The Nation Read 1643 times
- Time to Tackle Our Leaders in Blog Read 863 times
Between Their London and Our L
London is a city of shops and shopkeepers. People come to London for different reasons. ...
Read moreMental Health in Children
It is widely accepted that Attention Deficit Hyperactivity Disorder – or ADHD – is ...
Read moreEnduring Violent Relationships
Why do women stay in abusive or violent relationships? Each woman who chooses to doe...
Read moreA Portrait of Gold Diggers
‘Runs girls’ are everyday girls. They look normal and often act normal but they have...
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