Wealth

Price comparison is the sure way to get cheapest car insurance. The nine insurance providers in the annual study, It is said that USAA, Geico, and State Farm are the best companies that conduct the pack at the cheapest rate per year for one driver we reviewed. Never forget that the side-by-side comparisons with comparisons … Read more

Big companies shun public offers, raise N2.7trn from commercial papers -GCFRNG Only N1.89bn for public offering • Analysts see danger of capital mismatch • List the interest rate, the political environment, and others as determinants. There are indications that Nigeria’s main corporate institutions have abandoned the public offering of their shares on the capital market, … Read more

Ecobank Day: Stop discrimination against victims of mental health disorder – Akinwuntan -GCFRNG Ecobank Nigeria has reiterated its commitment to promoting mental awareness among its staff, customers and the communities where it operates as part of its corporate action to support the general well-being among citizens. This, according to the bank, is necessary in view … Read more

Buy at N410, then sell at N460 or above. Banks are Profiting from Nigerians in the Foreign Exchange Market -GCFRNG In July, the Central Bank of Nigeria halted the sale of dollars to Bureau de Change operators in an attempt to ensure that the Naira exchange can be managed well Investor and exporter data shows … Read more

Female Directors of Nigerian Banks Grow Wealth to N4.64 billion in 9 Months as Abolanle Matel-Okoh leads -GCFRNG The richest Nigerian woman is Folorunsho Alakija, but other smart business executives are making fortunes through stocks According to the Nigerian Stock Exchange (NGX), there are currently only 12 female bank managers who own equity units in … Read more

Enugu Govt Commences Training Of 600 Women, Youths in Software IT Infusion Programme -GCFRNG The information technology training program, known as “The Arise Women and Blow-my-mind Software Infusion Program”, according to the CEO of Enugu Tech Hub Center, Mr. Chidubem Anoworem, is for 600 young people, who will be trained over a period of three … Read more

Nigerian Govt Officially Scraps DPR, PPPRA, PEF, for New Agencies, Sacks All Heads – GCFRNG The federal government has asked the heads of DPR, PEF, and PPPRA to clear their desks and leave the office Timipre Sylva, Minister of State for Petroleum Resources explains that the decision to relieve them of their duties follows the … Read more

CBN Provides Update on eNaira; now Accessible On Phones Without Internet but BVN, NIN are required – GCFRNG The Central Bank of Nigeria (CBN) intends to facilitate access to eNaira by allowing people without phones to have access to the Internet. Remember that the launch of eNaira was scheduled for October 1, 2021, but was … Read more

Rent Small Small becomes first African Proptech Company to Join Techstars Accelerator – GCFRNG In the wake of its third anniversary, Rent Small Small, a Nigerian real estate tech startup that is shaking up the Nigerian home rental market, has been accepted to join the Techstars Toronto Accelerator Program starting in October, making it the … Read more

Nigerian Subscribers Criticises MTN Over Compensation After Network Shutdown – GCFRNG MTN Nigeria rewarded its subscribers for downtime that lasted more than four hours over a week ago, preventing call and data usage. Not all subscribers received compensation from MTN Nigeria for the downtime, and they show their disappointment at the telecom company’s action. rewarded … Read more

List of Top 8 States that Can’t Survive without Support from Federal Allocation – GCFRNG Nigerian state governments derive the revenue to finance their recurring and capital expenditures from federal appropriations and Internally Generated Revenue (IGR). While some are viable enough to survive without the federal allocation, there are others who cannot with handouts from … Read more

Facebook Set to Get A New Name 17 years After, As Zuckerberg Wants The World To Remember Him Differently – GCFRNG According to The Verge, social media wins Facebook plans to rebrand with a new name to reflect its future With approximately 2.89 billion monthly active users in the second quarter of 2021, Facebook is … Read more

VAT war worsens as S-South govs opt to join Rivers suit -GCFRNG South-South BRACED Commission meets, governments declare offer to join Supreme Court demand on VAT … Look for 2-point amendments to the PIA … To soon present a joint regional security team … Express disappointment that Buhari has not supported the relocation of the … Read more

Capital gains in stocks hit 7-month high at N1.2trn -GCFRNG Development driven by oil price rebound: analysts The Nigerian stock market has seen a spectacular rebound with figures for the third quarter of 2021 showing a capital appreciation of around 1,196 trillion naira. Analysts attributed the evolution to the recent spike in oil prices on … Read more

Airtel Africa plans to take out Nigerian minority shareholders -GCFRNG Airtel Africa Plc is about to buy Nigerian minority shareholders’ stake in the company. The company has already disclosed this plan to Nigerian Exchange Limited, NGX said that its subsidiary, Airtel Networks Limited, a leading provider of telecommunications services in Nigeria, has initiated a process … Read more

Understanding Foreign Exchange, External Reserves and the Naira Exchange Rate -GCFRNG In recent months, developments in the Nigerian foreign exchange market have prompted reactions from stakeholders, some of which reflect understanding and some of which do not. This article seeks to shed light on issues related to currencies, foreign reserves, and the instability of the … Read more

From Obasanjo to Buhari: List of Loans Borrowed under Nigeria’s 4 Presidents -GCFRNG Recently, President Muhammadu Buhari stirred heated reactions from Nigerians when he tabled a fresh request for the approval of another set of loans before the Senate. The Nigerian leader sought approval from the National Assembly to borrow $ 4,054,476,863.00, € 710 million … Read more

Making PIA work for all -GCFRNG MONDAY, August 16, 2021 will go down as a watershed in the Nigerian oil industry. It was the day President Muhammadu Buhari signed the Petroleum Industry Bill, PIB, into law, thus ending a 13-year tortuous odyssey under three different presidents. It also addresses the archaic legal framework bedevilling the … Read more

Insurance GDP bounces back to growth, posts 15.7% Yr-on-Yr rise It has been tough for the insurance sector – Operators There are indications that the insurance sector has shaken off the impact of COVID-19 on its performance recording 15.7 percent Year-on-Year, YoY, growth in contribution to gross domestic product, GDP, in the second quarter of … Read more

CBN sets to roll out e-naira -GCFRNG The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, on Wednesday said the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1. The News Agency of Nigeria (NAN) reports that Mohammed disclosed this in a webinar, themed “Digital … Read more

The President of the Russian Chamber of Commerce, Mr Sergey Katyrin, has said that Russian companies and businesses were ready to partner and invest in Nigeria. This was contained in a statement signed by the Nigerian Embassy in Moscow, Russia, and made available to the News Agency of Nigeria (NAN) on Wednesday, in Abuja. Katyrin … Read more

The Value Added Tax, VAT, dispute has taken centre-stage in the nation’s political agenda. Rivers and Lagos  states  have challenged the right of the Federal Internal Revenue Service, FIRS, to collect VAT exclusively. Rivers State  dragged the FIRS to a Federal High Court, FHC, in Port Harcourt and received a favourable decision in that regard. Other … Read more

*Amendments sought by FIRS at NASS dead on arrival — Akeredolu There are indications that the Organised Private Sector of Nigeria, OPSN, would be heading to court to prevent a scenario where members would be compelled to pay Value Added Tax, VAT, to both federal and state governments, as controversy over which authority collects the … Read more

Foreign borrowings escalate as Nigeria goes for $6.2bn Eurobond offer -GCFRNG The Federal Government has announced plans for a Eurobond issuance in the International Capital Market, ICM, to raise between $3 billion and $6.2 billion. The Debt Management Office, DMO, said, yesterday, that virtual meetings with investors have been scheduled for today, September 17 and … Read more

THE Nigeria LNG Train 7 and other gas projects, to be fueled by the Petroleum Industry Act, PIA, will culminate in the diversification of Nigeria’s economy, according to Dorman Long Engineering Limited. Speaking at the Virtual Oil and Gas Solutions Seminar, organized by Rockwell Automation and Dorman Long, Thursday, Chairman of the company, Dr. Timi … Read more