SEC blacklists six illegal online trading platforms

• Unveils incubation for fintech, new business models The Securities and Exchange Commission (SEC) has blacklisted six online trading platforms in its latest crackdown on unregistered firms offering investment services in the country. The blacklisted firms are Prime Invest and Primeinv.co, FXBoxed, New Finance LLC and New Fx Limited and Axi24. Others are Evolve Consulting […]

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Schneider Electric cautions against fake products

Schneider Electric, as part of efforts to check substandard products, has staged an anti-counterfeit sensitisation exercise among trade partners and end-users at the Arena Market and Brown Street in Oshodi, Lagos State. During the roadshow, the target audience was educated on original Schneider Electric products, which also provided the opportunity for customers to learn about […]

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NACCIMA laments deteriorating ease of doing business, planned VAT increase

Former President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Iyalode Alaba Lawson (left); First Deputy President, Dele Oye and National President, John Udeagbala during the press briefing on the state of the nation in Lagos… yesterday. Credit: Ayodele Adeniran The National President of the Nigerian Association of Chambers of Commerce, Industry, […]

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Vivian Savia : ‘When you change, everything around you changes’

A seasoned accounting and finance professional, Vivian Savia holds an M.A. in International Business Management from Middlesex University, MBA from Alliance Manchester Business School, United Kingdom, and B.Sc in Accounting from the Imo State University, Owerri; the Lead Formulator and Founder of Nature’s Bar Co, she is a professional member of the Institute of Chartered […]

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Poultry farmers seek FG’s intervention to save industry

The Poultry Association of Nigeria, South-West Zone, has appealed to the Federal Government, Central Bank of Nigeria and other developmental agencies to save the industry from collapse. The South-West chairman, Rev. Oluleye Gideon, made the plea at a joint news conference in Ibadan, saying that the recent new naira redesign and other government programmes had […]

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‘NITDA Bill may compound regulatory, compliance hurdles for digital economy’

•Experts want agency to focus on development agenda With calls on the National Information and Technology Development Agency (NITDA) to focus more on developmental issues, stakeholders in the sector have said that passing the pending NITDA Bill into law is a recipe that would engender regulatory and compliance hurdles for businesses in the digital economy. […]

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Dangote promises higher returns as shareholders okay N340.8b dividend

Chairman, Dangote Cement Plc, Aliko Dangote (left); Group Managing Director/Chief Executive Officer, Dangote Cement Plc, Arvind Pathak and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the 14th yearly general meeting of Dangote Cement Plc in Lagos…yesterday. Photo: Ayodele Adeniran Dangote Cement Plc has assured shareholders and other stakeholders of its resolve to keep the […]

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IMF pushes for interest-free loans for developing countries

Photo: Samuel Corum/Getty Images/AFP $4.7 billion needed to bridge credit gap Multiple economic shocks in recent years, amid a slow rise in per capita income in more than three decades, have put developing economies in real danger if urgent steps are not taken, the managing director of International Monetary Fund (IMF), Kristalina Georgieva, has warned. […]

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World Bank projects two percent output growth in 2023

Photo by Samuel Corum/ Getty Images North America/ AFP – Banking sector stress, interest rate, others top Spring Meetings deliberation – Nigerian monetary, fiscal authorities to reveal progress on key reforms On account of China’s relaxation of COVID-19 restrictions and the better-than-expected performance of the advanced economies last quarter, the World Bank has reviewed its […]

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