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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…

U.S. shale producers to faucet brakes in 2020 after years of...

Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry. Spending cuts and production declines common to shale wells mean U.S. output growth is expected to brake from 2019’s pace that pushed…

Nigerian stock exchange closes for Christmas with 0.10% loss

Nigerian Stock Exchange The Nigerian Stock Exchange (NSE) closed for Christmas and Boxing Day holidays on Tuesday with a marginal loss of 0.10 per cent. Specifically, the All-Share Index dropped 24.92 points or 0.10 per cent to close at 26,090.88 compared with 26,115.60 recorded on Monday. In the same vein, the market capitalisation lost N10…

Consolidated Trademark Insurance coverage set to begin micro insurance coverage

By Cynthia Alo Consolidated Hallmark Insurance, (CHI) Plc said its micro insurance subsidiary, CHI Micro Insurance Limited, will soon commence operations. Senate Moves for Poor Nigerians to have access to quality healthcare The company stated that it has paid the statutory deposit to the Central Bank of Nigeria, CBN, as well as met all the…

Stakeholders job Eko Carbon on no emission target by 2030

By Naomi Uzor Stakeholders have tasked Eko Carbon Exchange to work towards realising the net-zero emissions 2030 target. Yuletide: NSE market capitalisation shed N143bn The technical panel for Eko Carbon Exchange stated this during the global stage conference center, in Mandrd , Spain on the  sidelines of the United Nations Climate Change Conference of Parties…

Universities are stopping working to resolve the UK’s abilities lack|Letter

The growth of financial incentives, lower entry requirements, unconditional offers and spurious advertising (Don’t mislead to attract students, says regulator, 19 December) is further evidence of a marketised higher education system that is not properly serving the interests of students nor the country as a whole. The product of this approach is the large proportion…

FG creates N4.25 trn in 2019– Financing Minister

Finance Minister_Zainab Ahmed. PHOTO: Getty Images The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed on Wednesday announced that the revenue performance prorated to third quarter of 2019 is 4.25 trillion. This according to her represents a performance of 81 per cent while the Gross Domestic Product (GDP) planned for 2019 was 3.5…

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