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What is FGN Sukuk Bond & Benefits of the FGN Sukuk
The FGN Sukuk is an investment product that is being issued by the Federal Government of Nigeria through the Debt Management Office (DMO). The purpose of the Sukuk is to offer investors the opportunity to earn returns and contribute to the infrastructure development of the Nigeria. Sukuk represents undivided shares in the ownership of tangible […]
Federal Government of Nigeria (FGN) N100bn Debut Sukuk Offer Opens For Sale to the Public
Federal Government of Nigeria (FGN) N100bn Debut Sukuk Offer Opens For Sale to the Public FBN Merchant Bank Limited and Lotus Financial Services Limited have been appointed as Joint Financial Advisers to the Debt Management Office (DMO) of the Federal Government of Nigeria on the inaugural FGN N100 billion Sukuk offer. The offer was opened […]
Gula!, a play on Obasanjo’s prison encounter with a gangster – Baba Ali – goes on stage in Lagos
Gula!, a play on Obasanjo’s prison encounter with a gangster – Baba Ali – goes on stage in Lagos The captivating true-life account of ex-President Olusegun Obasanjo’s encounter with Baba Ali – one of the most dreaded criminals in Northern Nigeria during his incarcerationin Yola is set for staging as a play titled ‘Gula!’ At a press conference organized on […]
Responsiveness of Nigeria’s Short-Term Interest Rates to Changes in the Policy Rate
The cardinal objective of the monetary policy of the Central Bank of Nigeria (CBN) is price stability. The recent modification of its monetary policy Tframework, beginning end-December, 2006 was to steer the term structure of interest rates towards equilibrium by stabilising short-term interest rates around the MPR. At the time of introduction, the new framework […]
Literature Review on Governance-Stock Market Performance Nexus
Extensive literature has documented the importance of stock market 2 development in stimulating economic growth . The strand of literature that dwells on the relationship between governance and stock market performance is still emerging and scanty. The seminal work of Jensen and Meckling (1976) provided 3 the early literature on governance but focused on firm-level […]
BUSINESS
The Bank of Industry (BOI) has stated that its disbursement to Micro Small and Medium Enterprises (MSMEs) in the country has hit over N7 billion under its social intervention programmes and Government Enterprise & Empowerment Programme (GEEP) scheme.
The Bank of Industry (BOI) has stated that its disbursement to Micro Small and Medium Enterprises (MSMEs) in the country has hit over N7 billion under its social intervention programmes and Government Enterprise & Empowerment Programme (GEEP) scheme. According to the bank, efforts are underway to improve interventions as it is imperative to ensure that […]
DANGOTE CEMENT EXPERIENCES STEADY GROWTH ACROSS ITS NEW MARKETS
DANGOTE CEMENT EXPERIENCES STEADY GROWTH ACROSS ITS NEW MARKETS “Our revenues have continued to grow despite the lower volumes seen in Nigeria, especially because of the recent heavy rains. Our margins have improved significantly, helped by improved efficiency and a much better fuel mix in Nigeria,” Onne van der Weijde Dangote Cement’s chief executive officer […]
Expert tasks CBN on intervention to enhance cassava production
Mr Duro Kuteyi, a former Chairman of the National Association of Small Scale Industrialists (NASSI), has urged the Central Bank of Nigeria (CBN) to implement an intervention for cassava farmers, towards enhancing food production. Kuteyi made the appeal in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos.He said that the […]
What you need to do if a loved one passes on without making a plan for you?
Cynthia lived a charmed life. That was until her husband died. She tells her story on the FBN Trustees Legacy Series Radio show: My husband was a steel merchant. As a result, he had plenty disposable income. It wasn’t until his death that I realized he had a child from another woman. Although, where we lived until […]
BOTSWANA IS THE MOST ATTRACTIVE ECONOMY FOR INVESTMENTS FLOWING INTO THE AFRICAN CONTINENT
BOTSWANA IS THE MOST ATTRACTIVE ECONOMY FOR INVESTMENTS FLOWING INTO THE AFRICAN CONTINENT Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab. Botswana scores highly across the categories of factors like credit rating, […]
FIDELITY BANK
Fidelity Bank Q2 2017 results: first reaction
Late yesterday Fidelity Bank (Fidelity) published Q2 2017 results which showed that PBT grew by a stellar 155% y/y to N5.4bn. The key driver behind the strong y/y growth in earnings was a 20% y/y growth in profit before provisions. However, flat loan loss provisions y/y also helped the results. In terms of the revenue […]
Fidelity Bank’s profit position signals value addition to shareholders
Fidelity Bank Nigeria Plc’s profit position amid a myriad of challenges inhibiting the growth of banks in Africa’s most populous nation signals value addition to over 400 diverse shareholders. The Nigerian lender has maintained a steady dividend policy amid a credit crunch caused by a mismatch of monetary and fiscal policy. The board of directors […]
Fidelity Bank Supports Education Centre
Fidelity Bank Supports Education Centre Fidelity Bank Plc, in its bid to strengthen educational development and enhance the health and well-being of students through physical recreational activities, has donated sporting facilities to the Special (Deaf & Dumb) Education Secondary School in Calabar, Cross Rivers State. The bank under the auspices of the ‘Fidelity Helping Hands […]
Fidelity Bank CEO receives eight awards for Tough Job campaign
Fidelity Bank CEO receives eight awards for Tough Job campaign The CEO Fidelity Bank, Nnamdi Okonkwo, was at the weekend presented with the eight awards won by the Bank’s ‘Tough Job’ campaign at the recently concluded 2016 Lagos Advertising and Ideas Festival (LAIF). Tough Job won Silver for Radio, another Silver for Film, a Bronze […]
Ex-Fidelity Bank staff jailed for fraud
A former staff of Fidelity Bank Plc, Ihionu Chibuike, on Thursday bagged six years imprisonment for fraud. Justice Lateef Akapo of an Ikeja High Court sentenced him to jail after pleading guilty to the four-count charge of stealing, obtaining money by false pretence, forgery and impersonation. The charge was brought against him by the Economic […]