Browsing: News
NECA lauds Finance Act, urges compliance.
Pension fund jumps 120% after reform, as analysts see informal sector as threat. Retirement plan is not one of the favourite sides of an average Nigerian, but for those working in much organised companies, pension contribution has come to stay.
Tariff change to ease FG’s electricity subsidies burden – Afrinvest. Afrinvest www.afrinvest.com, a leading investment banking firm in Nigeria has indicated support for power sector tariff review, say it will ease electricity subsidies burden on government’s finances.
On the back of the drive to support the real sector of the economy, analysts have projected that the Central Bank of Nigeria (CBN) www.cbn.gov.ng will again raise loan to deposit ratio to 70 per cent in 2020.
Yusuf Binji leads BUA Cement to emerge as third largest on NSE. This listing makes the cement company to emerge as third largest on the local bourse, thus pushed market capitalisation to N15.16 trillion.
Fitch downgrade SSA Banks outlook, cites rising regulatory risk in Nigeria
Analysts, Fitch say Move to Basel III Positive for Banking System Stability. Analysts, Fitch rating have said that move to the third Basel Accord will be positive for banking system stability.
Nigeria’s GDP negatively expose to AfCFTA – NESG. As against widespread optimism that flooded the public discourse, the Nigerian Economic Summit Group www.nesgroup.org, a non-partisan private sector organisation stated in a report that the implementation of African Continental Free Trade Area (AfCFTA) would negatively expose Nigeria’s gross domestic product.
C & I Leasing to restate 2018 audited report. The C&I Leasing Plc. www.c-ileasing.com will restate 2018 audited report as a result of error in the audited financial statement of its Ghana subsidiary.
Money market funds to hit N1trn in 2020 – Analysts. The Nigeria’s money market fund pitched at N560 billion in June, 2019 and some analysts have started to predict a further surge to N1 trillion mark in 2020.