Business

Unity Bank Plc says it has disbursed N24 billion to farmers through the Commercial Agriculture Credit Scheme introduced by the Federal Government. The lender noted that it had effectively keyed into the various intervention funds of the Central Bank of Nigeria to boost agriculture. It said it had emerged as one of the leading players in the industry driving the …

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The Federal Government has reconstituted the Investment and Securities Tribunal as a practical step towards restoring investors’ confidence in the capital market and repositioning it to contribute positively to the country’s economy. The tribunal was dissolved in compliance with the Federal Government’s directive on dissolution of boards of parastatals, agencies, institutions and government-owned companies conveyed in circular Ref. No. SGF.19/S:18/XIX/964 …

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The Minister of Agriculture and Rural Development, Chief Audu. Ogbeh, says the ministry  is working with the Nigeria Security and Defense Corps ( NSCDC ) to ensure that quality seeds are supply to farmers by authorised seed dealers. Ogbeh made this known on Tuesday in Gwagwalada, FCT, at the Seed Fair and Farmers’ Field Day, organised by the National Agricultural …

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The Securities and Exchange Commission (SEC) has banned the Managing Director of Partnership Investment Company Plc and Partnership Securities Limited, Mr. Victor Ogiemwonyi for life from holding directorship positions in any public company in Nigeria for his unprofessional conduct in the Nigerian capital market. The SEC has also withdrawn the operating license of the companies. The Chairman of the companies, Mr. Henry Omoragbon was …

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The Federal Government on Monday inaugurated a finance sectoral consultative committee for the effective coordination of statistical data in the Ministry of Finance and its agencies. The Permanent Secretary, Ministry of Finance, Dr. Mahmoud Isa-Dutse, inaugurated the committee at the headquarters of the ministry in Abuja. The membership of the committee is drawn from departments and units of the ministry, …

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The Central Bank of Nigeria on Monday threatened to sanction any Deposit Money Bank found in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates of all trading currencies. This is even as the apex …

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The International Monetary Fund (IMF) is joining the fight against corruption because the vice undermines the ability of states to deliver inclusive growth and lift people out of poverty, its Managing Director, Christine Lagarde, has said. Ms. Lagarde, who spoke in Washington, DC, at an event entitled, ‘Addressing corruption with clarity,’ and hosted by Brookings Institution, the International Finance Corporation …

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The Nigerian Stock Exchange (NSE) is pleased to announce that it organised an Investor Clinic to educate capital market stakeholders on ‘The role of Dematerialization, Direct Cash Settlement and E-dividend in the development of the Nigerian Capital Market’. The Investor Clinic which took place Lagos was targeted at sensitizing the investing public and brokerage community of contemporary initiatives in the …

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Dangote Foundation and GBCHealth have joined forces to forge a new model of partnership, African Business Coalition on Health (GBCHealth) in Africa. Chairman of Dangote Foundation, Aliko Dangote, shared plans to build an African Business Coalition on Health (ABCHealth), during the Bloomberg Global Business Forum, he was co-hosting, and which took place alongside the United Nations General Assembly this week in New York. …

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Photo Caption: From  Left: Bonaventure Onwuji, Listing Compliance Manager, The Nigerian Stock Exchange (NSE); Godstime Iwenekhai, Acting Head, Listings Regulation Department, NSE; Tinuade Awe, General Counsel, Head of Regulation, NSE; Agnes Lutukai, Head of Department, Professional Practice, West Africa KPMG Professional Service; Chineme Nwigbo, Senior Manager, Department of Professional Practice, West Africa KPMG Professional Services; Williams Erimona, Senior Manager, Department …

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