Finance – Page 14 – City Business News

March 23, 2018 No Responses

Trade War Looms As Trump Announces Tariffs on Chinese imports

The US plans to impose tariffs on up to $60bn (£42.5bn) in Chinese imports and limit the country’s investment in the US in retaliation for years of alleged intellectual property theft. The White House said the actions were necessary to...

March 22, 2018 No Responses

Nigeria Saves N68b On Personnel Cost In 2017

The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday disclosed that the Federal Government saved N68 billion on personnel cost in 2017. This brings the aggregate savings by the Government on personnel cost since 2007 to date to N288...

March 21, 2018 No Responses

FG Targets 7 % Economic Growth In Three Years

The Minister of Finance, Mrs. Kemi Adeosun, has described Nigeria’s economic outlook for the year 2018 and beyond as positive . She stated that the country was now resilient after exiting recession and has the potential to achieve a seven...

March 20, 2018 No Responses

Adeosun: Infrastructure Gulps N2.5tri In Three Years

The Nigerian Government is to sustain ongoing investment in infrastructure across the country. Speaking in Abuja on Monday, Minister of Finance, Kemi Adeosun explained that with over N2.5trillion pumped into infrastructure in the last three years, the coun...

March 16, 2018 No Responses

Diamond Bank Unveils Game-enabled Digital Savings Platform

Foremost financial institution, Diamond Bank Plc, has raised higher the bar in the delivery of unique financial services that suits customers changing lifestyles and needs. In partnership with Women’s World Banking with support from Financial Sector Deepenin...

March 16, 2018 No Responses

Kuwait Seals $467m Financing for Eight Tankers, Orders VLCC

Kuwait Oil Tanker Company (KOTC) has signed a financing deal with a syndicate of banks worth around USD 467 million (KD 140 million). The financing will be provided by Warba Bank, Ahli United Bank and Kuwait International. The ten-year financing...

March 14, 2018 No Responses

Adeosun Seeks More Technical, Institutional Support for West Africa

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday called for more technical and institutional support from the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) for West African countries. Adeosun made the call while declaring open...

March 12, 2018 No Responses

Nigerians To Pay More For Alcoholic Drinks, Cigarettes

President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, 4th June, 2018. Under the newly approved excise duty rates for tobacco, in addition to the 20 per...

March 2, 2018 No Responses

WFE, 59 Stock Exchanges To Ring Gender Equality Bell

For the fourth year, a global collaboration across 59 stock exchanges around the world on Fridayconcluded plan to ‘Ring the Bell for Gender Equality’ to celebrate International Women’s Day onThursday, March 8, 2018. The events are a partnership b...

March 2, 2018 No Responses

Adeosun: FG to name, shame, prosecute tax evaders from March 31

The Federal Government is ready to prosecute, name and shame tax evaders that fail to utilise the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS), to regularise their tax profiles, the Honourable Minister of Finance, Mrs. Kemi...

March 1, 2018 No Responses

Reps To Probe Alleged Malpractice In Nigerian Capital Market

The House of Representatives on Wednesday resolved to investigate the alleged stagnation of some publicly-quoted companies, especially insurance firms listed on the Nigerian Stock Exchange (NSE). This followed a motion by Rep. Femi Fakeye (Osun-APC), who ex...

March 1, 2018 No Responses

Odundo, CEO, Nairobi Securities Exchange Unveils Agenda For Green Bonds, Derivatives In 2018

The World Federation of Exchange (WFE) in Its February Publication is pleased to feature a Q&A with Geoffrey O. Odundo, CEO, Nairobi Securities Exchange (NSE), one of the WFE’s newest members. QUESTION: The WFE welcomed NSE as a full...

February 28, 2018 No Responses

WFE Tasks Stock Exchanges On Family Firms, Listing Opportunities

The World Federation of Exchanges (WFE) has published a report into family businesses, investigating the opportunities and challenges for family firms when considering public equity as a source of funding. The report – entitled Family Firms and Listing: O...

February 22, 2018 No Responses

FG sells N79.62b bonds

The Federal Government on Thursday said that it sold N79.62 billion worth of bonds during its February auction. According to a circular posted on the website of the Debt Management Office (DMO), N27.18 billion worth of the bonds were allotted...