₦airaland Forum

GTBank Board Meets for H1 2019 Results, Declares Closed Period
https://businesspost.ng/2019/06/27/gtbank-board-meets-for-h1-2019-results-declares-closed-period/

20 Stocks Weaken Market Capitalisation by N26bn
https://businesspost.ng/2019/06/27/20-stocks-weaken-market-capitalisation-by-n26bn/

Court Adjourns MTN, AGF $2bn Tax Case to October 29
https://businesspost.ng/2019/06/26/court-adjourns-mtn-agf-2bn-tax-case-to-october-29/

Nigerian Breweries Sells N15bn CPs to Cut Funding Cost
https://businesspost.ng/2019/06/26/nigerian-breweries-sells-n15bn-cps-to-cut-funding-cost/

Nigeria Must Negotiate More Reciprocal Trading Deals—FSDH Research
https://businesspost.ng/2019/06/26/nigeria-must-negotiate-more-reciprocal-trading-deals-fsdh-research/

NPF Microfinance Bank to Raise Fresh Capital, Create New 3bn Shares
https://businesspost.ng/2019/06/25/npf-microfinance-bank-to-raise-fresh-capital-create-new-3bn-shares/

Forte Oil Overhauls Board, Gets New Chairman, Directors
https://businesspost.ng/2019/06/25/forte-oil-overhauls-board-gets-new-chairman-directors/

Airtel Africa N454/Share IPO Closes Thursday
https://businesspost.ng/2019/06/25/airtel-africa-n454-share-ipo-closes-thursday/

GTBank Announces Early Closure of Branches June 28
https://businesspost.ng/2019/06/25/gtbank-announces-early-closure-of-branches-june-28/

Demand Interests in One-Year T-Bills Drop Yield to 13.60%
https://businesspost.ng/2019/06/25/demand-interests-in-one-year-t-bills-drop-yield-to-13-60/

By Dipo Olowookere

The Central Bank of Nigeria (CBN) has announced that it would embark on another recapitalisation of the banking system in the country.

This information was made known on Monday morning by Governor of the CBN, Mr Godwin Emefiele, in Abuja.

The CBN chief, while unveiling his policy direction for 2019 to 2024, disclosed that the regulator will raise the minimum capital base from its present level.

Business Post reports that the last time the banking industry experienced recapitalisation was in 2004, during the tenure of Professor Chukwuma Soludo as the CBN Governor.

During the recapitalisation exercise, the minimum capital for banks operating in the country was pushed up to N25 billion from N1 billion for existing banks and N2 billion for new entrants.

The banks were then given till December 31, 2005 to meet up with the new requirement. This brought about mergers in the sector and at the end, only 25 banks made the cut.

More information later.

https://businesspost.ng/2019/06/24/breaking-cbn-to-raise-minimum-capital-base-of-banks/

BREAKING: CBN to Raise Minimum Capital Base of Banks
https://businesspost.ng/2019/06/24/breaking-cbn-to-raise-minimum-capital-base-of-banks/

Rates to Fall Amid Anticipated Ease in Liquidity
https://businesspost.ng/2019/06/24/rates-to-fall-amid-anticipated-ease-in-liquidity/

By Modupe Gbadeyanka

Forte Oil Plc, a company listed on the Nigerian Stock Exchange (NSE), now has new owners after the recent divestment of the holdings of its former Chairman, Mr Femi Otedola.

A statement issued to the NSE by the local energy firm said Ignite Investments and Commodities Limited, led by Prudent Energy Services Limited, bought the 74.02 percent total shares of Forte Oil from Mr Otedola, making it the new owner.

The business mogul had confirmed this deal on Wednesday, explaining that he was offloading his stake in Forte Oil’s downstream operations to focus on power generation business.

In the notice to the stock exchange today, Ignite said it was now in control of the firm after “receiving all the necessary approvals from the Securities and Exchange Commission (SEC), the NSE and fulfilling all relevant terms and conditions attached to the Share Purchase Agreement.

Business Post gathered that parties to the sale have indicated that the Forte brand will remain in place.

Already, the process of appointing new members to board has commenced and should be ratified by the shareholders at the next general meeting of the company.

Yesterday, the firm said it has appointed Mr Olumide Adeosun to replace Mr Akin Akinfemiwa the CEO of the firm, while Mr Moshood Olajide is the new Chief Financial Officer (CFO), replacing Mr Julius Omodayo-Owotuga, who resigned like Mr Akinfemiwa.

Commenting on the transaction, outgoing Croup Chief Executive Officer of Forte Oil, Mr Akin Akinfemiwa, said, “This concludes a very painstaking process and we believe that this transaction would optimize the existing capabilities inherent in the business and its people who are the key drivers of the business, and propel the Company towards an assured future.”

Chairman of Ignite and Chief Executive of Prudent Energy Services Limited, Mr Abdulwasiu Sowami, said the investment was a of “strategic importance to support our quest of continuously adding value to the Nigerian oil and gas industry.”

According to him, “The next phase of Forte Oil’s growth will focus on increasing volumes, diversifying business operations, widening distribution networks and extracting potential synergies with partners. We look forward to working as part of the Forte Oil family to achieve this growth.”

https://businesspost.ng/2019/06/21/ignite-takes-over-forte-oil-vows-to-diversify-operations/

Ignite Takes Over Forte Oil, Vows to Diversify Operations
https://businesspost.ng/2019/06/21/ignite-takes-over-forte-oil-vows-to-diversify-operations/

Wema Bank Shares Rise 3.18% on Rumour of Possible Board Change
https://businesspost.ng/2019/06/21/wema-bank-shares-rise-3-18-on-rumour-of-possible-board-change/

Akinfemiwa Leaves Forte Oil as Adeosun Becomes CEO
https://businesspost.ng/2019/06/21/akinfemiwa-leaves-forte-oil-as-adeosun-becomes-ceo/

T-Bills Yields Shed 0.07% Amid Inflows from OMO Maturities
https://businesspost.ng/2019/06/21/t-bills-yield-sheds-0-07-amid-inflows-from-omo-maturities/

CBN Slightly Cuts Stop Rates of Treasury Bills at PMA
https://businesspost.ng/2019/06/20/cbn-slightly-cuts-stop-rates-of-treasury-bills-at-pma/

Regency Alliance Insurance Shareholders Reject Payment of 3 Kobo Dividend
https://businesspost.ng/2019/06/19/regency-alliance-insurance-shareholders-reject-payment-of-3-kobo-dividend/

Lafarge Africa Redeems N26.4bn 3-Year Bond
https://businesspost.ng/2019/06/19/lafarge-africa-redeems-n26-4bn-3-year-bond/

Femi Otedola Completes Sale of Forte Oil, Exits as Chairman
https://businesspost.ng/2019/06/19/femi-otedola-completes-sale-of-forte-oil-exits-as-chairman/

By FSDH Research

There are opportunities for most people who follow the simple rule we share in this article to achieve financial independence and become multimillionaires in the Nigerian financial market.

Imagine starting a plan with as little as N200,000 in year one and you have over N53 million in the future. Interesting, right? That means that your initial amount has increased by over 266 times.

But if your goal is to become a millionaire overnight through a money doubling scheme, sorry to disappoint you, we cannot help you.

Building an enduring wealth requires discipline, consistent savings and an investing lifestyle. And anyone can achieve it if one is guided appropriately and start at an early age. But don’t worry, whatever stage of life you are in at the moment, you can still make it, if you start now.

You have probably seen an episode of ‘Who Wants to be a Millionaire?’ a TV series in which the contestant has to answer a series of questions correctly to win the final prize. Along the way, some helplines are provided for him or her to overcome difficult questions. The few people who make it to the final and highest prize are those who are diligent, focused, and utilise the helplines when required.

So, savings and investing in financial assets to achieve financial freedom over time share some similarities with the TV programme. It requires consistency and focus.

However, the main difference is that while very few people get to win a million on a TV programme, nearly everyone who applies the simple rule we want to share can become a millionaire. The game here is also simpler than the TV Millionaire contest.

If you invest your money in a bank for one year at a fixed interest rate, at the end of the period, you receive the amount that you invested and the interest earned for the period. If you do not withdraw both the principal and interest earned in the year one, and possibly you added a little more money at the beginning of year two, you will earn more interest at the end of year two. If you continue this process for a long time, you may soon enter the Forbes list of millionaires. This simple process is the basis for transforming your little savings and investments to multimillions to enable you to achieve financial freedom. And the good thing is that the process does not take you out of your normal business. Once you set the process rolling and you involve the right parties, you are good to go.

Now with practical examples; Imagine you start an investment programme with N100,000 on January 1, and vow to add N100,000 to the plan at the beginning of each year. So, at the beginning of year one, you have N200,000 made up of N100,000 initial investment and the N100,000 you plan to add yearly.

If the investment generates 10 percent every year, and you are religious with the yearly contribution of N100,000 at the beginning of each year and you invest the interest each year, guess how much you will have in 40 years. Your investment amount would have grown to N53,211,106.68 on the 40th anniversary of the commencement of the investment programme. This is becoming a millionaire through compounding interest and a disciplined lifestyle, while focusing on the long-term.

The Nigerian financial market now has instruments and structures that support the achievement of this goal.

Some of the instruments are: tenored funds with Banks, Mutual Funds managed by professional fund managers, Federal Government Savings Bonds, Commercial Papers, Treasury Bills and Federal Government Bonds.

Each of these instruments has different characteristics and minimum amounts for initial start-up. You will need to speak with your investment manager to explain details to you.

Stock is another instrument that can enable you to achieve financial independence. A word of caution here; there are substantial risks attached to this investment option. The performance of the Nigerian stock market as measured by the Nigerian Stock Exchange All Share Index (NSE ASI), the barometer to measure the performance of the market, shows that the market recorded a return of 24,590 percent between 1985 and 2018.

This mean that an investment of N100,000 in 1985 was worth N24,690,102 in December 2018 without additional capital if we take the performance on the market as a proxy for the investor’s return, a growth of 24,590 percent over a period of 33 years. Not bad growth at all.

Your regular savings and investments help government to access funds to build the required infrastructures and systems that enable the economy to grow. Such savings and investments also help companies to access funds to expand their operations thereby creating job opportunities. You may want to ask a question relating to the impacts of general increase in price (inflation rate) and the movement in the value of the currency (exchange rate- depreciation) on the investment over the period. We are aware of all of these narratives but if you have no savings and investment plan, you are worse off. Regular savings and investing help you to reduce the negative impacts of inflation and currency adjustments on your wealth. The regulators in the Nigerian financial market now have zero tolerance to any infractions – their primary goal is to protect investors’ interests.

If you have any complaints against any players in the market, the regulator such as the Central Bank of Nigeria and the Securities and Exchange Commission will be willing to take it over. A mail to the regulator or a call will do the magic.

The next line of action for you is to get an investment manager and sign up for a savings and investment plan that suits you. See you on the Forbes List in 40 years from now.

https://businesspost.ng/2019/06/18/next-multi-millionaires-in-nigerian-financial-market/

Next Multi-Millionaires in Nigerian Financial Market
https://businesspost.ng/2019/06/18/next-multi-millionaires-in-nigerian-financial-market/

Ellah Lakes Lists New 1.880 Billion Shares on NSE
https://businesspost.ng/2019/06/18/ellah-lakes-lists-new-1-880-billion-shares-on-nse/

Royal Exchange Board Holds Emergency Meeting
https://businesspost.ng/2019/06/18/royal-exchange-board-holds-emergency-meeting/

I&E Records $200m Turnover Monday as Panic Persists
https://businesspost.ng/2019/06/18/ie-records-200m-turnover-monday-as-panic-persists/

T-Bills Yields Jump 0.11% on Sell Pressure
https://businesspost.ng/2019/06/18/t-bills-yields-jump-0-11-on-sell-pressure/

I&E Records $200m Turnover Monday as Panic Persists
https://businesspost.ng/2019/06/18/ie-records-200m-turnover-monday-as-panic-persists/

Dangote Gets IT Firm to Streamline Workflow Management
https://businesspost.ng/2019/06/18/dangote-gets-it-firm-to-streamline-workflow-management/

SEC Lied, Never Gave us Fair Hearing—Oando Insists
https://businesspost.ng/2019/06/18/sec-lied-never-gave-us-fair-hearing-oando-insists/

T-Bills Yields Jump 0.11% on Sell Pressure
https://businesspost.ng/2019/06/18/t-bills-yields-jump-0-11-on-sell-pressure/

T-Bills Yields Jump 0.11% on Sell Pressure
https://businesspost.ng/2019/06/18/t-bills-yields-jump-0-11-on-sell-pressure/

By Modupe Gbadeyanka

All seems not to be well with Heritage Bank at the moment as a report released by a reputable business news platform, Proshare Nigeria, is suggesting that the bank is a walking corpse.

Already, some customers of the financial institution are contemplating taking their hard-earned funds from the lender to a safer place.

Below is the full report.

Three months ago Proshare had cause to commit resources to investigate and produce an hitherto unpublished Confidential Report on Heritage Banking Company Limited, in direct response to the promptings of the advisory board members who wanted to know the true state of the bank which had another financial institution handling clearing operations for it at some time.

By this time, and curiously; it wasn’t such a big news that some of the bank depositors had experienced recurring challenges with withdrawals and staff exits did little to help matters. Yet, the restraint was important in order to ensure and support financial system stability as well as give the institution an opportunity to execute its resolution strategies without hindrance. After all, the institutional frameworks were in place to protect depositors and the system in general.

The task involved a lot of stakeholder engagements including sources we understood to be in a position to recognize, appreciate and make informed decisions. The revelations offered little comfort from history to, interventions up to the current state. We limited ourselves however to facts, data and evidence and submitted the report.

Further to the completion of this initial review, and in the interest of giving the financial system an opportunity to resolve the bank’s challenges through normal regulatory intervention and management effort at recapitalizing the institution or determination of the banks going concern status through a merger and acquisition (M&A) arrangement; the report remained private.

The burden of a moral hazard however appeared a bigger burden than tolerable or envisaged, especially given the evident ‘sailors survival’ approach that appears to have kicked in as seen through senior management exit, non-improving conditions, non-progressing talks around mergers and acquisitions; and recapitalization plans.

Read the concluding part here.

Please that the article is very long.

https://businesspost.ng/2019/06/17/panic-as-report-suggests-heritage-bank-nears-total-collapse/

Nigeria’s Inflation Rises to 11.40% in May as Food Index Jumps to 13.79%
https://businesspost.ng/2019/06/17/nigerias-inflation-rises-to-11-40-in-may-2019/

**Tasks Men to Honour, Treat Women as Equals

By Dipo Olowookere

Men have been charged to see women as equals and must do everything within their powers to honour, love them and recognise their roles as partners, not just in families but in society.

This were the words of the Vice President of Nigeria, Mr Yemi Osinbajo, on Sunday after a special Father’s Day service at the Aso Villa Chapel, Abuja.

Mr Osinbajo said the responsibility of fatherhood in families and society was very crucial in setting good examples for future generations, as it would guide them in the right path to lead exemplary lives.

He further said that it was equally important for them to teach young men to also honour and respect all women.

On the Next Level agenda of the Buhari administration, the VP said power and infrastructure would improve, and there will be progress in the economy, security, and in the fight against corruption.

Speaking to the press, the Vice President wished every father in the country a Happy Father’s Day.

“Fathers, as you know, have very important role to play in any human society or setting. I think it was (former US) President Barack Obama who said that it’s not the ability to father a child, or the ability to have a child that makes you a father, it is the courage to raise one. That’s really what makes you a father.

“I think that the responsibility of fatherhood is absolutely immense, whether one is a biological father to children or one who wants to take care of other children. All of us have a role to play, not just in the lives of our children, but so many others; those who have no fathers, even some who have fathers; to whom we have a responsibility to set examples to lead exemplary lives. And to bring them up, as the scriptures says, in the way of the Lord.

“So, the responsibility of the father is incredible indeed. One of the most important things is to teach our young men growing up that they must honour women, not just their wives. Of course, you must honour and love your wife, but I think it is also very important that we honour women. We shouldn’t treat them as subordinates; they are not. They are created equal to men. But most importantly, we must honour them and recognize their roles as partners, not just in families, but in society as well,” the Vice President said.

Also present at the Father’s Day service at the Aso Villa Chapel were the Secretary to the Government of the Federation, Boss Mustapha; Deputy Senate President, Ovie Omo-Agege; other senior government officials and private sector chieftains, including the President/Chief Executive Officer, Coscharis Group of Companies, Dr Cosmas Maduka.

https://businesspost.ng/2019/06/16/expect-improvement-in-power-economy-security-osinbajo/

IFC Sells 14.1% Stake in Ecobank to Dutch Firm
https://businesspost.ng/2019/06/17/ifc-sells-14-1-stake-in-ecobank-to-dutch-firm/

Stock Market to Remain Volatile as Investors Not Impressed With Buhari's Economic Plan
https://businesspost.ng/2019/06/17/stock-market-to-remain-volatile-as-investors-not-impressed-with-buharis-economic-plan/

T-Bills Yields Shed 0.17% on Absence of OMO Sales
https://businesspost.ng/2019/06/15/t-bills-yields-shed-0-17-on-absence-of-omo-sales/

Nigeria’s Inflation to Hit 12% in 2019—Fitch
https://businesspost.ng/2019/06/15/nigerias-inflation-to-hit-12-in-2019-fitch/

Experts to Discuss Nigerian Islamic Finance Market June 18
https://businesspost.ng/2019/06/15/experts-to-discuss-nigerian-islamic-finance-market-june-18/

Interswitch MD/CEO, Ecobank, BoI, Others Shine at 2019 African Banker Awards
https://businesspost.ng/2019/06/15/interswitch-md-ceo-ecobank-boi-others-shine-at-2019-african-banker-awards/

By Dipo Olowookere

It was a brutal experience for top Nigerian rapper, Michael Ugochukwu Stephens, better known as Ruggedman, yesterday night in London.

The artiste was brutally attacked at a restaurant in London, England, allegedly for his perceived role in the arrest of a fellow music act, Afeez Fashola, otherwise known as Naira Marley.

Naira Marley was arrested by operatives of the Economic and Financial Crimes Commission (EFCC) last month after he openly supported internet crime.

It was speculated that Ruggedman instigated his arrest by the anti-graft agency and he has received threats for that.

Last night in London, the artiste seen in a video being attacked by four men.

Ruggedman, who confirmed this via a post on his official Twitter page, said he will not stop speaking against internet fraud despite the attack.

“Being attacked by 4 misguided boys will not deter me from fighting for the youths, even though they blindly fight me.

“#shoutout #londonmetpolic london_police_department for prompt action. #GodOverEverything,” he wrote.

Watch the video below

https://businesspost.ng/2019/06/15/video-ruggedman-brutally-attacked-in-london-over-naira-marley/

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By Dipo Olowookere

Global rating agency, Fitch Ratings, has said the path to full economic stability and recovery for the Nigerian economy is very rough.

In a statement affirming the nation’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’, Fitch said weak party discipline in parliament and frequent disagreements between the presidency and legislature point to a continued high risk of delays to parliamentary approval of key legislation.

The rating firm said it expects policy continuity with the implementation of only piecemeal reforms, resulting in slow progress on tackling long-standing impediments to growth and weaknesses in macroeconomic management.

While it projected that inflation will average close to 12 percent in 2019-2020, well above the projected current ‘B’ median of 4.8 percent, propped up by cost-push factors, the Gross Domestic Product (GDP) growth is anticipated to average 2.2 percent in 2019-2020, below its previous 10-year average of 4.2 percent and the current ‘B’ median of 3.4 percent.

Business Post reports that in April 2019, according to the National Bureau of Statistics (NBS), the country’s inflation rose to 11.37 percent year-on-year from 11.25 percent year-on-year in March 2019.

Fitch noted that high unemployment and inflation will constrain private consumption while investment is held back by tight credit supply, a weak business climate and regulatory uncertainty in the oil sector.

It said a large infrastructure deficit, which is illustrated by acute power supply shortages and security challenges, also dampen the medium-term growth outlook.

The renowned rating agency disclosed that Nigeria’s ratings are supported by the large size of its economy, a track record of current account surpluses and a relatively low general government () debt-to-GDP.

“This is balanced against poor governance and development indicators, structurally low fiscal revenues and high dependence on hydrocarbons. The rating is also weighed down by subdued GDP growth and inflation that is higher than in rating peers,” it said.

Continuing, it stated that Nigeria’s fiscal performance mostly remains a function of fluctuations in oil revenues, noting that the implicit subsidy of petrol prices (around 0.6% of GDP in 2018), the gradual clearance of joint-venture (JV) cash call arrears (outstanding stock of 1% of GDP at end-2018) and the conversion of government oil proceeds to naira at a below-market exchange rate continue to constrain budget receipts from hydrocarbon extraction.

“Fitch estimates that the deficit narrowed to 3.6% of GDP (federal government, FGN: 2.3% excluding transfers to state and local governments, SLGs) in 2018 from 4.5% in 2017 (FGN: 3.2%), mostly reflecting the recovery in oil prices.

“Fitch forecasts the deficit to widen to 3.8% of GDP (FGN: 2.6%) in 2019 and further to 4.6% in 2020 (FGN: 3%) as the rise in oil production with the coming on stream of the Egina oilfield will be offset by the decline in oil prices under our baseline. Public finances are vulnerable to disruptions to production caused by recurrent acts of vandalism or other force majeure affecting Nigeria’s aging oil infrastructure. A $10 change per barrel in the Brent oil price against our assumptions would, all else equal, impact the balance by around 0.6% of GDP.

“Nigeria’s particularly low non-oil fiscal revenues averaging only 3.7% of GDP over 2016-2018 are a key rating weakness, reducing the fiscal space and resulting in a high fiscal Brent breakeven price of USD129 per barrel in 2019 and USD149 in 2020, according to Fitch’s estimates. A two-thirds rise in the minimum wage entered into force in April and could cause pressures on public finances, particularly for cash-strapped SLGs, although there is high uncertainty regarding its effective implementation date and fiscal cost. The government is contemplating offsetting measures, including a VAT rate increase, which faces strong opposition across the political spectrum.

“Interest payments consumed 27% of revenues (FGN: 53%) in 2018 based on Fitch’s estimates, double the current ‘B’ median of 13% and will rise to 30% of revenues (FGN: 65.6%) in 2020, highlighting the risks to debt sustainability arising from low fiscal receipts. The authorities aim to contain the rise in the interest cost by substituting external concessional and commercial borrowing to onerous domestic financing. They also plan to reduce debt through partial privatisations of oil JV assets, which we do not expect to materially reduce their oil revenues.

“ debt will rise from 25% of GDP (FGN: 20%, including central bank overdrafts) in 2018 to 28.2% of GDP (FGN: 22.4%) in 2020, still well below the projected current ‘B’ median of 56%, under Fitch’s forecasts. Around 71% of debt was naira-denominated at end-2018, limiting refinancing and exchange rate risks but high direct and indirect foreign holdings of local-currency debt expose Nigeria to shifts in investor sentiment and global funding conditions. The debt of the Asset Management Corporation of Nigeria (AMCON) of 3.2% of GDP at end-2018 constitutes a contingent liability for the sovereign, and could rise in the context of high non-performing loans in the banking sector of 11.7% of total bank loans and an elevated proportion of restructured loans,” a statement from the agency said.

https://businesspost.ng/2019/06/15/nigerias-inflation-to-hit-12-in-2019-fitch/

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By Modupe Gbadeyanka

Treasury bills worth N809.4 billion would be offered to investors in the third quarter of 2019, the Central Bank of Nigeria (CBN) has disclosed.

In a circular, which shows the Nigeria Treasury Bills Issue programme, the apex bank said the debt instruments would be offered in three maturities; 91-day, 182-day and 364-day.

The exercise has been planned to begin from June 13 to August 29, 2019, but the stop rates should be determined by the prevailing market conditions.

Business Post reports that as at the last exercise, which took place yesterday, the 91-day bill cleared at 10 percent, the 182-day bill at 11.95 percent and the 364-day bill at 12.34 percent.

A breakdown of the planned sale showed that the apex bank will issue N80.62 billion worth of the 91-day treasury bills, N154.04 billion worth of the 182-day instrument and N574.71 billion worth of the 364-day bill in Q3 2019.

A further analysis indicated that in June 2019, the CBN will auction N147.25 billion worth of the treasury bills, N195.91 billion in July and N446.2 billion in August.

Government, through the apex bank, issue treasury bills to investors so as to raise funds for some programmes. The debt instruments are also issued to control the flow of cash in the financial system.

Treasury bills are mainly short-term debt instruments, usually less than a year, issued to investors to borrow money by government.

https://businesspost.ng/2019/06/14/nigeria-to-borrow-n809bn-from-t-bills-investors-in-q3-2019/

NASCON to Expand Product Range for More Earnings
https://businesspost.ng/2019/06/14/nascon-to-expand-product-range-for-more-earnings/

Shareholders Okay N6.5bn for Recapitalisation of Wapic Insurance
https://businesspost.ng/2019/06/14/shareholders-okay-n6-5bn-for-recapitalisation-of-wapic-insurance/

Fidelity Bank Offers Loans to Auto Spare Part Dealers
https://businesspost.ng/2019/06/14/fidelity-bank-offers-loans-to-auto-spare-part-dealers/

Nigeria Suffers 43% Drop in Foreign Investment Inflows
https://businesspost.ng/2019/06/14/nigeria-suffers-43-drop-in-foreign-investment-inflows/

Nigeria to Borrow N809bn from T-Bills Investors in Q3 2019
https://businesspost.ng/2019/06/14/nigeria-to-borrow-n809bn-from-t-bills-investors-in-q3-2019/

Nigeria to Borrow N809bn from T-Bills Investors in Q3 2019
https://businesspost.ng/2019/06/14/nigeria-to-borrow-n809bn-from-t-bills-investors-in-q3-2019/

FGN Bonds, T-Bills Dominate N9.031trn Total Pension Fund Assets
https://businesspost.ng/2019/06/14/fgn-bonds-t-bills-dominate-n9-031trn-total-pension-fund-assets/