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NSE rebounds by 1.70% on financiers interest in high yield dividend...

Nigerian Stock Exchange The Nigerian domestic equities market on Tuesday rebounded by 1.70 per cent on renewed investors’ interest in high yield dividend stocks. Speficially, the All-Share Index, which opened at 25,816.57, inched 438.54 points or 1.70 per cent to close at 26,255.11. Consequently, the Month-to-Date return (+0.15%) turned positive, while Year-to-Date losses moderated to…

Blackstone pays record ₤ 4.7 bn for trainee real estate company...

Blackstone has struck the largest-ever private property deal in the UK by agreeing to acquire the UK student accommodation firm iQ in a £4.7bn deal. The New York-based private equity firm is buying iQ from the US investment bank Goldman Sachs and the health research charity Wellcome Trust. The property firm is one of the…

Forex: CBN presents longest Naira-settled Forwards agreement

By Babajide Komolafe, with agency report CBN In a bid to reduce demand pressure in the foreign exchange market, and enhance dollar inflow into the economy, the Central Bank of Nigeria (CBN) yesterday introduced the longest Naira-settled Forwards contract. The 5-year contract, priced at N379.81 per dollar, is longest tenor since the CBN introduced the…

NLNG attains 83 percent of its Nigerianisation target

Employs 661 Nigerian seafarers By Godwin Oritse   THE Nigerian Liquefied  Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process with a view to meeting the 100 percent target by 2022. In a statement, a subsidiary of the company, NLNG Ship Management Limited, NSML, currently has 661…

Ecobank holds digital abilities training for female business owners

Ecobank ECOBANK Nigeria has trained over 140 female business owners on digital marketing skills as part of its initiative to continuously encourage female entrepreneurs in the country. The bank in a statement said that the empowerment programme organized by Ecobank Female Entrepreneurs’ Initiative (EFEI) drew participants from Lagos and its environs. It stated: “The EFEI…

Unity Bank to help farmers increase cashew production by 43%

 By Peter Egwuatu Banking hall UNITY Bank Plc has concluded arrangement to finance the Nigerian cashew farmers to boost production by 43 percent to 50,000 metric tonnes from 35,000 metric tonnes. Speaking at a summit organized by the bank in collaboration with the Association of Cashew Farmers, Processors and Aggregators of Nigeria, ACFAP, in Lagos,…

Banks weigh choices for satisfying the brand-new LDR limit

By Emeka Anaeto Deposit money banks are reassessing their strategy to meet the new minimum Loan-to-Deposit Ratio, LDR, of 65 percent prescribed by the Central Bank of Nigeria, CBN, mid last year. Bankers Committee introduces two classes of BVN This followed the insistence of the apex bank in ensuring the bank’s credit portfolios are not…

‘People request more cash’: why female-led start-ups underperform

The first time Olivia Champion pitched a business idea based on her academic research was so disheartening she nearly gave up. The 10-strong panel she faced were all men, bar a few women responsible for administration and taking minutes. Their first question was: “Why are you here?” “It took the wind out of my sails…

UK companies will provide less entry-level tasks in 2020, figures recommend

Young workers will be forced to compete for fewer positions this year, as data suggests that the entry-level jobs market is set to stagnate. The Institute of Student Employers’ (ISE) Pulse Survey for 2020 showed that employers were planning to recruit just 2.7% more new school-leavers and graduates this year. However, even this figure could…

Millions invested in ‘phony’ apprenticeships, states report

Hundreds of millions of pounds are being spent on “fake apprenticeships” that are just relabelled degrees or training courses, according to a report by a thinktank which says employers are abusing the current system. Since 2017 large companies have been forced to set aside the equivalent of 0.5% of their payroll to fund apprenticeships. But…

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