Inside Nigeria’s scandal-plagued Export Expansion Grant scheme

26 total views, no views today

Poor due diligence by Federal Government officials has turned the Export Expansion Grant (EEG) scheme into a theatre of the absurd, with allegations of corruption against legislators and questionable approval of non-exporters, including overpayment of companies. The EEG was originally established in 1986 to help Nigerian exporters to become competitive at the global market. It…

This content is for Standard Bi-Annual, Premium Bi-Annual, Standard Yearly, Premium Yearly, 2 Weeks FREE plan, Standard Bi-Annual USD, Standard Yearly USD, Premium Bi-Annual USD, Premium Yearly USD, BusinessDay/Ready Set Work Premium Yearly (FREE), 2 Weeks FREE plan (Flutterwave), 2 Weeks FREE plan (Paylater), 2 Weeks FREE plan (Union Bank), 2 Weeks FREE plan (NAIJASTARTUP), Premium Yearly (Union Bank), 2 Weeks FREE plan (She Leads Africa), 2 Weeks FREE plan (PiggyVest), 5 Days FREE plan (Flutterwave) Test and Premium members only. Visit the site and log in/register to read.

Source link Read More...

Firms increase dividends 15.31% to N597.86bn in 2018

22 total views, no views today

Dividend payment from Nigeria’s largest companies continued to climb in the last quarter of 2018 as they wooed shareholders even amid a tough and unpredictable macroeconomic environment. Among index members, 47 companies declared N567.86 billion cash dividends, a 15.31 percent increase from N493.78 billion paid to owners in 2017. Dangote Cement Nigeria plc, the largest…

This content is for Standard Bi-Annual, Premium Bi-Annual, Standard Yearly, Premium Yearly, 2 Weeks FREE plan, Standard Bi-Annual USD, Standard Yearly USD, Premium Bi-Annual USD, Premium Yearly USD, BusinessDay/Ready Set Work Premium Yearly (FREE), 2 Weeks FREE plan (Flutterwave), 2 Weeks FREE plan (Paylater), 2 Weeks FREE plan (Union Bank), 2 Weeks FREE plan (NAIJASTARTUP), Premium Yearly (Union Bank), 2 Weeks FREE plan (She Leads Africa), 2 Weeks FREE plan (PiggyVest), 5 Days FREE plan (Flutterwave) Test and Premium members only. Visit the site and log in/register to read.

Source link Read More...

Low internal revenue generation leaves 21 states vulnerable to oil shocks 

29 total views, no views today

With the continued United States sanction on Iran and Venezuela, and the OPEC cut which has mopped up excess supply of crude oil, sending prices above Nigeria’s budget benchmark of $60 per barrel so far in 2019, many of the states in the country have managed to stay afloat. The story would, however, be different…

This content is for Standard Bi-Annual, Premium Bi-Annual, Standard Yearly, Premium Yearly, 2 Weeks FREE plan, Standard Bi-Annual USD, Standard Yearly USD, Premium Bi-Annual USD, Premium Yearly USD, BusinessDay/Ready Set Work Premium Yearly (FREE), 2 Weeks FREE plan (Flutterwave), 2 Weeks FREE plan (Paylater), 2 Weeks FREE plan (Union Bank), 2 Weeks FREE plan (NAIJASTARTUP), Premium Yearly (Union Bank), 2 Weeks FREE plan (She Leads Africa), 2 Weeks FREE plan (PiggyVest), 5 Days FREE plan (Flutterwave) Test and Premium members only. Visit the site and log in/register to read.

Source link Read More...

MTN Nigeria signs N200bn medium term facility with 7 banks

12 total views, no views today

Barely 24 hours after its shares were listed on the Nigerian Stock Exchange (NSE), telcom giant MTN Nigeria Communications Plc has signed N200 billion medium term loan facility with seven Nigerian Banks. The banks are Access Bank Plc, GTBank Plc, Zenith Bank Plc, Fidelity Bank Plc, FCMB, UBA, and First Bank. In a notice to…

This content is for Standard Bi-Annual, Premium Bi-Annual, Standard Yearly, Premium Yearly, 2 Weeks FREE plan, Standard Bi-Annual USD, Standard Yearly USD, Premium Bi-Annual USD, Premium Yearly USD, BusinessDay/Ready Set Work Premium Yearly (FREE), 2 Weeks FREE plan (Flutterwave), 2 Weeks FREE plan (Paylater), 2 Weeks FREE plan (Union Bank), 2 Weeks FREE plan (NAIJASTARTUP), Premium Yearly (Union Bank), 2 Weeks FREE plan (She Leads Africa), 2 Weeks FREE plan (PiggyVest), 5 Days FREE plan (Flutterwave) Test and Premium members only. Visit the site and log in/register to read.

Source link Read More...

Shifting patterns as rich Nigerians embrace old people’s homes for aged relatives

36 total views, no views today

Nigerians with the means are increasingly entrusting their elderly relatives in the hands of professional caregivers in assisted-living facilities, otherwise known as old people’s homes. This is amid rising acknowledgement that busy children cannot by themselves give the adequate healthcare and close monitoring that ageing requires. Geriatric care management focuses on planning and coordination of…

This content is for Standard Bi-Annual, Premium Bi-Annual, Standard Yearly, Premium Yearly, 2 Weeks FREE plan, Standard Bi-Annual USD, Standard Yearly USD, Premium Bi-Annual USD, Premium Yearly USD, BusinessDay/Ready Set Work Premium Yearly (FREE), 2 Weeks FREE plan (Flutterwave), 2 Weeks FREE plan (Paylater), 2 Weeks FREE plan (Union Bank), 2 Weeks FREE plan (NAIJASTARTUP), Premium Yearly (Union Bank), 2 Weeks FREE plan (She Leads Africa), 2 Weeks FREE plan (PiggyVest), 5 Days FREE plan (Flutterwave) Test and Premium members only. Visit the site and log in/register to read.

Source link Read More...