Author: PageOne

Elkin Pianim And Michael Chu’di Ejekam Joins Afrinvest
Big Business

Elkin Pianim And Michael Chu’di Ejekam Joins Afrinvest

Afrinvest, a wealth advisory firm has announced that Elkin Pianim And Michael Chu’di Ejekam have joined the firm as as a Director and Director for its broker-dealer subsidiary, Afrinvest Securities Limited respectively. According statement issued by the company, Pianim’s appointment further reflects the pan-African outlook of Afrinvest, which also has Ms. Fatumata Soukouna, […]

Nigeria Cuts Losses To eFraud By 63%
Policy

Nigeria Cuts Losses To eFraud By 63%

Nigeria has reduced financial losses to electronic fraud, eFraud by 63%. This is contained in the Nigeria electronic Fraud Forum, NeFF, 2015 report. The report also said attempted eFraud was reduced by 43% between 2014 and 2015 respectively. The report said measures put in place to fight fraudsters is yielding […]

MPC Hikes MPR To 14% To Fight Inflation
Policy

MPC Hikes MPR To 14% To Fight Inflation

The much awaited Monetary Policy Committee, MPC meeting has come and gone. The decision is a fight against inflation and another tougher times for the financial markets as CBN hikes MPR from 12% to 14%. Before now, various analysts had predicted a cut in interest rates to increase lending and […]

Abuja-Kaduna Rail Network Is A Breather
Policy

Abuja-Kaduna Rail Network Is A Breather

After many years of neglect and decrepit infrastructure, Nigeria’s federal capital now has a modern rail system that connects Abuja-Kaduna. The rail infrastructure was today commissioned by President muhammadu Buhari. The train network will connect passengers living in Kaduna and Abuja vice versa. Abuja is Nigeria’s administrative capital and it […]

Vetiva Launches Nigerian Sovereign Bond ETF
Big Business

Vetiva Launches Nigerian Sovereign Bond ETF

Vetiva Fund Managers Limited has received approval from the Nigerian Stock Exchange, NSE to float Nigeria’s first Nigerian sovereign bonds-based ETF. Based on regulatory filing at the NSE, Vetiva will be floating  a public offer for subscription of 10 million units of Vetiva S & P Nigerian Sovereign Bond ETF. The fund […]

Flood Alerts For Lagos And 10 States
Big Business

Flood Alerts For Lagos And 10 States

Residents and business communities in Lagos and 10 states across southern and northern Nigeria have to brace up for the likelihood of flood predicted by NIHSA Nigeria Hydrological Services Agency warned that due to ocean the rise in sea level and tide, “expected areas of river flooding this year are located […]

How Global Capital Is Fuelling African Property Markets
Global

How Global Capital Is Fuelling African Property Markets

Despite Africa’s economic slowdown, property developers and private equity funds continue to pour investment into African property market, but with more focused strategies. This is based on insight by African Property Investment Summit. “Over $1,2 billion has been raised and allocated to real estate investment in Africa over the past year and […]