New Telegraph

Rotary targets 1000 MSMEs with N50m loans

The Rotary District 9110, Nigeria, covering Lagos and Ogun states is planning to set aside a pool of N50 million as micro credit scheme to empower 1,000 Micro, Small and Medium scale Enterprise (MSME) beneficiaries…

Massive loan defaults threaten 50% mortgage banks’ survival

Stakeholders seek urgent intervention Unless Federal Government’s intervention comes quickly into the housing sector, not less than 50 per cent of the nation’s mortgage banks may go into extinction by the end of first quarter…

GTBank wins Euromoney leadership award for response

GTBank wins Euromoney leadership award for response

Guaranty Trust Bank Plc has been awarded the Euromoney Excellence in Leadership Africa Award, a premier award category set up to recognise banks around the world that are playing a pivotal role during the Covid-19…

COVID-19: Finance experts canvass increased funding for MSMEs

COVID-19: Finance experts canvass increased funding for MSMEs

Finance experts have advocated for additional finance support to resuscitate majority of Micro and Small Medium Enterprises (MSMEs) weakened by impact of Covid-19 outbreak. This was, as they lamented that 42 per cent of workers…

IMF: Global economy ‘not out of the woods’

IMF: Global economy ‘not out of the woods’

Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the Managing Director, International Monetary Fund(IMF), Kristalina…

CSCS commits N100m to COVID-19 fight

CSCS commits N100m to COVID-19 fight

Central Securities Clearing System (CSCS) Plc, Nigeria’scapitalmarket infrastructure, has donated a fully equipped and insured state-of-the-art ambulance to the Capital Market Support Committee for COVID-19 (CMSCC). CMSCC is an initiative of the Securities and Exchange…

NSE extends gains with N104bn

NSE extends gains with N104bn

˜Axxela Funding’s N11.50bn bond listed Nigerian Stock Exchange yesterday sustained its positive outlook for the second consecutive trading session as the overall performance measures, NSE ASI and market capitalisation, rose further by 0.83 per cent…

CIS inaugurates committees for optimal performance

The Chartered Institute of Stockbrokers (CIS) has inaugurated seven standing committees for 2020 to 2022 in pursuit of its strategic plan to strengthen operation and ensure adherence to highest standard of corporate governance. The committees,…

BOFIA amendment: NDIC boss seeks role clarification

In order to establish effective legal instruments to secure the safety and stability of the nation’s financial system, there is a need to closely examine enacting laws with a view to harmonising the positions of…

Govs, VIPs pose threat to COVID-19 fight at airports

Govs, VIPs pose threat to COVID-19 fight at airports

  *How Fintri, aides broke airport protocols Wole Shadare Few days after former Governor of Zamfara State, Alhaji AbdulAziz Yari was carpeted for flouting the Federal Government’s guidelines on COVID-19 at the Mallam Aminu Kano…