Year: 2019

CBN limits daily placements by banks to N2 billion

African private equity deals, fundraising and exits announcements

Pension Funds Set To Stimulate the African Alternative Investment Landscape

Guarded optimism on new Zimbabwe dollar . The success of new Zimbabwe currency reforms rests on the government’s sustained fiscal prudence, Allan Gray has said. The firm noted that foreign investors are still unable to repatriate United States dollar from Zimbabwe due to the ongoing currency crisis…

Tax Tribunal exonerates Employers for Tax on Employees’ VPC. The Tax Appeal Tribunal ,TAT, held that the Lagos State Internal Revenue Service (LIRS) could not hold employers accountable for taxes arising from withdrawals of Voluntary Pension Contribution (VPC) of their employees.

AfCFTA implementation: UN’s Amina Mohammed pledges full support. United Nations Deputy Secretary-General, Amina J Mohammed, has pledged the UN’s full support to the African Union as nations begin to earnestly operationalise the landmark African Continental Free Trade Area (AfCFTA) that is expected t

Nigeria Signs AfCFTA to Join $3.4 trillion Economic Bloc. After consultations with stakeholders, President Muhammadu Buhari has finally signed up to the $3.4 trillion Africa free trade agreement.

Harnessing Islamic, Ethical Financing to Empower Nigeria’s Economy. There is need to balance views on Islamic finance in order to reap benefits associated with it. Rather than by principle, there is unhealthy competition between the two leading faiths around the world.

Four Tier-1 Banks to increase loan books by ₦1.2 trn in 90 days. Despite the fact that they have big sizes, four banks in Tier 1 class failed to convert 60% of their deposits as loans and advances to customers, the first quarter 2019 results have shown.

“CBN Directive on Banks’ LDR an Interference with Free-market”. On the back of the recent directive issued by the apex bank on loan to deposits floor for banks, some banking sector experts have said that the Central Bank of Nigeria directive is a direct interference with free market.