FSDH Harps On Diversification To Boost Economy

FSDH Harps On Diversification To Boost Economy

The Federal Government needs to urgently implement policies that will grow and diversify the revenue base of the country to avoid imminent debt crisis, the FSDH Research has said. It stated this in its latest monthly economic and financial markets outlook it titled ‘Interest rate hike in US, hold in Nigeria: What Next?’. The FSDH said its analysis showed that the growth in Nigeria’s debt was higher than the growth in revenue. “In addition, Nigeria has the lowest government revenue to Gross Domestic Product ratio at six per cent among…

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Union Bank’s TV Commercial Focuses On A Better Future

Union Bank’s TV Commercial Focuses On A Better Future

Union Bank Plc has launched a new television commercial to coincide with Nigeria’s 58th Independence Day celebration, beaming the spotlight on the Nigerian society and highlighting the need for people to hope and work for a better future. The bank said in a statement on Thursday that the social media and viewers commended the commercial. The statement read in part, “From a taxi driver battling societal forces that threaten his fledgling business to a youth corps member hoping for a better future to a photographer wishing for better social amenities,…

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Sokoto, Katsina, Bauchi Lowest In UNDP Human Dev Index

Sokoto, Katsina, Bauchi Lowest In UNDP Human Dev Index

Sokoto, Katsina, Bauchi, Yobe and Zamfara states are at the bottom of the National Human Development Index, according to the National Human Development Report 2018 released by the United Nations Development Programme. The indices measured the situation as of 2016. The HDI is a summary of the achievements in three basic areas of human development – a long and healthy life, access to knowledge and a decent standard of living. According to the UNDP, the HDI represents a geometric average of normalised indices for each of the three dimensions of…

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CBN To Lower MTN’s $8.1bn Repatriation Request 

CBN To Lower MTN’s $8.1bn Repatriation Request 

The Central Bank of Nigeria may reduce the amount it has ordered MTN Nigeria to repatriate, the CBN Governor, Godwin Emefiele, said on Sunday. While addressing reporters in London on Sunday, Emefiele said new documents provided by the telecom company would help to reduce the size of the claim. Reuters reported that Emefiele said during a visit to London, “I don’t think it will be staying at $8.1bn,”adding that he expected the issue to be dealt with amicably and equitably. “I want to believe that the figure will reduce. Whether it…

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IEI-Anchor Pensions Partner On Health Centred CSR

IEI-Anchor Pensions Partner On Health Centred CSR

IEI-Anchor Pensions said as part of activities lined up for its global customer service week, it would give back to the society through its corporate social responsibility drive. It said in a statement that it would address the issue of hepatitis, which had become a major public health concern responsible for needless loss of lives in Nigeria, especially in recent times. According to the statement, hepatitis which is tagged as one of the silent killers with a record of about five million deaths annually by a February 2018 report, shows…

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SEC Reiterates Commitment To Capital Market Reforms

SEC Reiterates Commitment To Capital Market Reforms

The Acting Director-General, Securities and Exchange Commission, Ms. Mary Uduk. The Securities and Exchange Commission has promised to build the capital market architecture through reforms driven by its capital market master plan initiatives. The Head, Registration and Market Infrastructure Department, SEC, Emomotimi Agama, while speaking at the Chartered Institute of Stockbrokers’ 22nd Annual Conference, said the reforms aimed to protect investors, ensure fair, efficient and transparent markets and reduce systemic risk. He added that the master plan would promote regulations that would provide a level playing field for participants, rid…

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