Transnational Corporation of Nigeria Plc says it expects its revenue to rise from N18bn in 2013 to N289bn by 2018, following the progress in its business diversification and expansion plan. The Chief Executive Officer, Transcorp, Mr. Obinna Ufudo, said this on Monday when the company visited the Nigerian Stock Exchange […]
Author: InvestAdvocate
FG to spend 20% of revenue on debt servicing
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday expressed concerns over the increasing rate of the nation’s domestic debt, and stated that about 19.87 per cent of the country’s projected revenue for 2014 would be spent on debt servicing. Okonjo-Iweala, who was briefing the private sector on the performance […]
Big banks see rich opportunities in world’s poorest
* New technology allows big banks to target the poor * More than 2.5 bln people do not have bank account * Achieving scale remains a problem in fragmented market When the Afghan government used mobile phones instead of cash to pay some of its policemen, the officers thought […]
