CBN ISSUE GUIDELINE FOR ESTABLISHMENT AND OPERATION OF SUBSIDIARIES AND SPECIAL PURPOSE VEHICLES BY DFIs IN NIGERIA

  By Hamisu B.S.     The Central bank of Nigeria has observed the frequent requests from Development Finance Institutions (DFls) for special regulatory approvals to operate special purpose vehicles (SPVs) in furtherance of operational objectives. And the need for the DFls to be transparent in their financial reporting and remain focused on their core […]

Nigeria’s GDP grew by 1.94% in Q2 2019

  By Financescape   The National Bureau of Statistics (NBS), has released the Nigerian Gross Domestic Product Report for Q2 2019. The report indicates Nigeria’s Gross Domestic Product (GDP) grew by 1.94%(year-on-year) in real terms in the second quarter of 2019. Compared to the second quarter of 2018, which recorded a growth of 1.50%. however, […]

Industrialist calls for establishment of cotton, textiles, groundnut development commission in North

  By Mustapha Hodi   A seasoned industrialist, Alhaji Sa’idu Dattijo Adhama has called for the establishment of Cotton/textiles/garment, groundnut, and leather Development Commissions in northern Nigeria.   Adhama, in an interview with a correspondent in Kano, said establishing the aforementioned commissions would help a lot in providing job opportunities to teeming youth in the […]

SEC Publishes Registered Commodities Exchanges Warehouse Map

  By Financescape   Securities and Exchange Commission has published registered commodities exchanges warehouse map. Warehouses and storage infrastructure are necessary for the commodity sector and commodities futures trading. These storage facilities are critical to the entire agro commodities value chain for reduction in post harvest losses, quality maintenance, year-round supply of commodity raw materials […]