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12 August

E-divided Complaint: SEC re-interate June 2017 Deadline Date

E-divided Complaint: SEC re-interate June 2017 Deadline Date …To withdraw operators license over recapitalisation failure by December FRIDAY EKEOBA Worried about the slow adherence by investors in the capital market on the issue of e-dividend, the Security and Exchange Commission (SEC) has reiterated that June 31st 2017 remain the final compliance date in the equity market. SEC said it has …

12 August

South Africa overtakes Nigeria as African largest economy

South African economy has regained the position of Africa’s largest in dollar terms, as the value of the nations’ currencies moved in opposite directions, this is coming barely two years after losing it to Nigeria. According to Bloomberg report, based on GDP at the end of 2015 published by the International Monetary Fund (IMF), the size of South African’s …

11 August

Quest for healing forced me into stealing – suspect

Quest for healing forced me into stealing – suspect Folake Sokoya A twenty-year old man arrested by the operatives of Rapid Response Squad (RRS) of Lagos State Police Command, for allegedly stealing a mobile phone, has said that a festering sore in his right leg forced him into the criminal act. The suspect, Sunday Vincent, was apprehended by Policemen after forcefully …

10 August

AfDB approves $9m equity investment for SME’s in Nigeria

The African Development Bank has approved a nine million dollar equity investment in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs). This was contained in a press statement issued by the bank on Monday and published on its web: www.afdb.org. According to (NAN) the statement said that FAFIN is a first-generation private …

10 August

Customs generates N130.7bn at Tin Can Island in seven months

The Tincan Island command of Nigeria Customs Service (NCS) generated N130. 7 billion within a period of seven months. Controller of the command, Comptroller Y. U. Bashar, who made the disclosure during an interactive session with strategic stakeholders in his office also explained that the statutory function of the command remain revenue generation and facilitation of legitimate trade. He noted …

10 August

Nigeria to raise $1B Eurobon

Nigeria to raise $1B Eurobon FRIDAY EKEOBA As part of its drive to galvanize finance in tackling major economic demands, the Federal Government has concluded plan to raise $1 Billion from International Capital Market in 2016. According to the Debt Management Office, the $1billion sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme that …

9 August

Artificial Intelligence issued loans to rise $17 bn by 2021 says Juniper

A new study by Juniper Research titled AI & Machine Learning: Fintech Dynamics, Disruption & Future Opportunities 2016-2021 predicts that unsecured consumer loans that use artificial intelligence or machine learning technology will jump to 960 per cent over the next five years (2016-2021) . Fueling this growth will be advances in analytics and accessible computing power. The study also predicts that machine learning spend in Fintech will advance …

9 August

Wema Bank Concludes Landmark Facebook Live Game Show

FRIDAY EKEOBA Wema Bank, Nigeria’s longest surviving indigenous bank wrote its name in the annals of innovation in the Nigerian banking industry as it successfully concluded the groundbreaking 945 Game Show hosted live on Facebook. Wema Bank is the first ever Nigerian lender to host a live game show on Facebook, a social media platform with 7.2 million daily users from Nigeria. In a statement …

9 August

Flaws in 900 m Android Devices Could Give Hackers Complete Access To Your Data

Owners of Android phones have been warned of a serious security flaw that could give attackers complete access to a phone’s data. The problem has been identified in software used in about 900 million Android phones, including the HTC One, and Sony Xperia Z Ultra.While there is currently no evidence of the flaws being used by hackers, experts say it is a race as to …

6 August

Group for gospel music ministers inaugurated in Lagos

Dayo Emmanuel A Christian group and umbrella body for Gospel Music Ministers in Nigeria has been inaugurated in Lagos. Named Fellowship Of Gospel Music Ministers of Nigeria (FOGMMON),the group is poised on fostering fellowship and unity among gospel music ministers in the country. The inauguration of the Lagos Chapter, drew gospel artistes who had made their mark in the industry, having being on stage over time with outstanding impart …