Tribune Newspaper Headlines Today Monday 20th November 2023
Tribune Newspaper Headlines Today and news Dailies Update on current affairs happening now in Nigeria today 20/11/23
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40% IGR deduction: SSUCOEN commends Tinubu for withdrawing policy
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40% IGR deduction: SSUCOEN commends Tinubu for withdrawing policy
Senior Staff Union in Colleges of Education, Nigeria (SSUCOEN), has commended President Bola Ahmed Tinubu, for the cancellation of the policy to deduct forty (40) percent from internally generated revenue of tertiary institutions into the national treasury. SSUCOEN said it appreciates the President for listening to reason and concerns raised about the gradual damage the
40% IGR deduction: SSUCOEN commends Tinubu for withdrawing policy
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Lagos is open for business —Sanwo-Olu
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Lagos is open for business —Sanwo-Olu
Lagos State Governor, Mr. Babajide Sanwo-Olu, during an interview on ‘Business Live with Ian King on Sky News’ in London, on Friday, speaks on Lagos participation in the Lord Mayor’s Show in London, the inauguration of the Lagos International Financial Centre Council, commitment of his administration to attract more investments to the State and President Bola
Lagos is open for business —Sanwo-Olu
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Capital market has absorptive capacity to fund infrastructure —ASHON chairman
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Capital market has absorptive capacity to fund infrastructure —ASHON chairman
Mr Sam Onukwue is the Chairman, Association of Securities Dealing Houses of Nigeria (ASHON) and a Fellow of Chartered Institute of Stockbrokers (CIS). In a chat with KEHINDE AKINSEINDE-JAYEOBA, he spoke on a range of issues that need to be addressed to boost activities in the Nigerian capital market, including how the government can strengthen
Capital market has absorptive capacity to fund infrastructure —ASHON chairman
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Understanding property insurance
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Understanding property insurance
In this write-up, JOSEPH INOKOTONG restates the need to insure properties, explaining the difference between building insurance, building under construction insurance, and property insurance. Property insurance is a type of insurance that covers damage or loss to physical property, such as a home or car. There are different types of property insurance, but the most
Understanding property insurance
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Sourcing $10bn and naira beyond forex backlogs
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Sourcing $10bn and naira beyond forex backlogs
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, last month hinted that Nigeria is expecting $10 billion. Consequently, the Central Bank of Nigeria (CBN) began paying a substantial portion of its outstanding matured foreign exchange (FX) forward. CHIMA NWOKOJI writes on the implications of these developments to the local currency and
Sourcing $10bn and naira beyond forex backlogs
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Interest payments in 2024 to gulp over 40% of Nigeria’s revenue
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Interest payments in 2024 to gulp over 40% of Nigeria’s revenue
Moody’s Investors Service has predicted that interest payments in 2024 will consume almost 40 percent of revenue in Nigeria, the highest among sovereigns not in default. It also added that interest rates will stay high in major economies to combat inflation, keeping Gross Domestic Products (GDP) growth below potential. In its latest report titled, “2024
Interest payments in 2024 to gulp over 40% of Nigeria’s revenue
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Rising Inflation jerks up yields, as investors oversubscribe FG’s monthly bonds by N85.3bn
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Rising Inflation jerks up yields, as investors oversubscribe FG’s monthly bonds by N85.3bn
NIGERIA’S rising inflation has led to increase in bond yields, leading to massive investors’ rush and over subscription of Federal Government (FG’s) monthly bonds by N85.3 billion. Bond yield is its overall percentage rate of return on investment. Experts say rising prices over time (inflation) reduce the purchasing power of each interest payment a bond
Rising Inflation jerks up yields, as investors oversubscribe FG’s monthly bonds by N85.3bn
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Padi4Life: Hi-Tech wins FCMB’s 60-team Hackathon challenge
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Padi4Life: Hi-Tech wins FCMB’s 60-team Hackathon challenge
The inaugural First City Monument Bank (FCMB) Hackathon Challenge saw Team Hi-Tech, led by Afolabi Ayanfe and Sophia Ezeh, win the top prize of N3 million for the creation of a digital financial solution, Padi4Life. A partnership with Ingressive for Good (I4G), the hackathon launched a new cohort of technology startups and fostered innovation and
Padi4Life: Hi-Tech wins FCMB’s 60-team Hackathon challenge
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UBA crowned African Champion of the Year 2023
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UBA crowned African Champion of the Year 2023
UNITED Bank for Africa (UBA) Plc, has been named the African Champion of the Year 2023 at the just concluded Africa Financial Industry Summit, held in Lome, Togo. The Africa Financial Industry Summit (AFIS), organised by Jeune Media Group, publishers of pan-African publications, Jeune Afrique and African Report, is largely renowned for its acknowledgment of
UBA crowned African Champion of the Year 2023
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NAICOM enjoins FG, states to make budget provision for public buildings’ insurance
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NAICOM enjoins FG, states to make budget provision for public buildings’ insurance
The Commissioner For Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas, has enjoined federal and state governments to begin to make adequate provisions for insurance of public buildings and buildings under construction in their respective annual budgets. He said these categories of insurance are made compulsory by extant
NAICOM enjoins FG, states to make budget provision for public buildings’ insurance
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