Uncategorized

Union Venture raises capital base by 650%

By Okechukwu Nnodim Shareholders of Union Venture Plc have approved an increase in the firm’s capital base from N50m to N375m. The approval increased the firm’s capital base by 650 per cent. According to a statement by the company on Friday, the 650 per cent capital base raise was endorsed […]

‘Poor corporate governance, bane of capital markets, others’

By Okechukwu Nnodim The persistent crash in prices of most global stocks, the financial downturn in many nations and countless liquidation of businesses have been attributed to the poor corporate governance and leadership in most of the affected organisations. According to a former Director-General, Securities and Exchange Commission, Dr. Suleyman […]

CBN may keep benchmark lending rate at 8.75%

With inflation rate down at 9.3 per cent , experts are predicting that the Monetary Policy Committee of the Central Bank of Nigeria may keep the benchmark lending rate at 8.75 per cent at its meeting on Monday (today) and Tuesday, Ademola Alawiye reports There are indications that the Monetary […]