capital

India Grapples With Migrant Workers' Exodus

India Grapples With Migrant Workers’ Exodus

March 28, 2020 2:05 pm

With few transport options available, thousands of people, mostly young male day labourers but also families, have resorted to commuting on foot during the 21-day lockdown that started on Wednesday.

The workers started fleeing New Delhi after Prime Minister Narendra Modi announced the lockdown, which effectively put millions of Indians living off daily earnings out of work. Construction projects, taxi services, housekeeping and other informal sector employment came to a sudden halt.

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Sudan PM Abdalla Hamdok Survives Assassination Attempt

Sudan PM Abdalla Hamdok Survives Assassination Attempt

March 10, 2020 3:50 am
Sudan’s Prime Minister Abdalla Hamdok has survived an assassination attempt after a blast near his convoy in the capital, Khartoum.

Hamdok wrote on Twitter he was “safe and in good shape” following Monday’s explosion.

Read Also: South Sudan: Assembly Changes Law To Establish 10 States

“What happened will not stop the path of change, it will be nothing but an additional push in the strong waves of the revolution,” added the veteran economist, who became prime minister in August, months after a pro-democracy movement forced the army to remove longtime President Bashar al-Bashir.

Hamdok also shared a photo of himself

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2019: Race For Capital Raising For Insurance Sector

December 25, 2019 7:36 am

The insurance industry in its continued struggle to realise its potential in 2019, met a lot of challenges.
Top among these challenges was harsh business climate which manifested itself in lull in underwriting business as not many of the expected policy renewals came the way of insurers during the year.

The problem was compounded by the regulator’s demand for over 300 per cent increase in the minimum paid up share capital of operating firms and persistent apathy of Nigerians to insurance.

Indeed, as the industry operators were about to heave a sigh of relief from the trauma of the …

Capital Market Key To Achieving SDGs –Onyema

December 9, 2019 8:59 am
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema, has said the capital market can play a critical role in delivering sustainable socio-economic growth and development in Nigeria.

Onyema made this known during the award ceremony of the 19th NSE Essay Competition for Senior Secondary Schools in Lagos

Speaking at the event, Onyema emphasized the need for innovative solutions to leverage the capital market for the achievement of the Sustainable Development Goals (SDGs), while adding that there is need to connect people with products and services that build human and physical capital, as well as bridge infrastructural gaps …

FG Urged To Eliminate VAT On Capital Market Investments

November 28, 2019 3:50 am

The federal government has been urged to eliminate value added tax on commission and fees paid by investors to stockbrokers while investing in the capital market.

Partner, Financial Service Group, Deloitte Tax Function, Mr. Taiwo Okunade, who made the call at the Sixth Triennial Delegates Conference organised by the Independent Shareholders Association of Nigeria (ISAN) in Lagos, yesterday, said that government must ensure elimination of multiple tax audits currently discouraging investment.

According to him, government must come up with a mechanism for collaboration between the federal government and the state government to reduce multiple tax audits on tax payers.

Speaking …

Emielu Harps On Human Capital Development In Oil Sector

Emielu Harps On Human Capital Development In Oil Sector

October 22, 2019 2:52 am

The Summit Director, Africa Oil and Gas Talent Summit (AOGTS) Emmanuel Emielu, has stressed the need for enhanced investment in human capital in the oil and gas sector.

Emielu, stated this in Lagos during a media briefing on the annual Pan- African meeting of oil and gas business and human resources leaders to take place in Lagos, from October 30th to 31st.

According to Emielu, “The abundance of people does not necessarily mean the availability of human capital. It is, therefore, no surprise, that Africa’s oil sector is heavily challenged with the human capacity, skills and expertise to deliver the …

CBN reveals $14.2bn capital flows to Nigeria in five Months

CBN reveals $14.2bn capital flows to Nigeria in five Months

June 18, 2019 2:48 am

Total capital flows to Nigeria between January and May 2019, stood at $14.2 billion, the Central Bank of Nigeria (CBN) revealed last night.

Of the aforementioned amount, Foreign Direct Investment (FDI) accounted for $2.87 billion, representing 20.18 per cent of the total amount.

The CBN revealed this in a statement that was signed by its Director, Corporate Communications, Mr. Isaac Okorafor, while reacting to a Reuters report which stated that FDIs in the country dropped last year.

The apex bank said its attention was drawn to the news item on Reuters quoting the World Investment Report, 2019, recently released by …

Q3 2018 capital budget records dismal implementation

Q3 2018 capital budget records dismal implementation

May 26, 2019 12:56 am

There are strong indications that the bulk of N2.079t released by the Ministry of Finance as at May 14 for the implementation of projects by Ministries, Departments and Agencies (MDAs) may still be lodged at the Central Bank of Nigeria (CBN).

The Minister of Finance Mrs. Zainab Shamsuna Ahmed, last week, said that the amount was for the implementation of projects captured under capital votes in the 2018 fiscal spending plan by the MDAs.

But snippets from the Third Quarter 2018 budget implementation report exclusively obtained by The Guardian indicate that Jubril (President Muhammadu Buhari)’s ministers may have been largely …

I’ll make Lagos, the commercial capital of Africa – Atiku

February 13, 2019 3:06 am

People’s Democratic Party (PDP) presidential candidate Atiku Abubakar yesterday promised to revive the country’s ailing economy and make Lagos the commercial capital of Africa.

Address a cheering crowd at the Tafawa Balewa Square (TBS), Lagos, venue of the PDP presidential rally, Atiku said as a Lagos boy, he passed through the hustle and bustle of the Centre of Excellence.

The PDP candidate added he had never reneged on any promise, noting he would restructure the country and ensure true federalism.

A vote for him, he said, is a vote for job security and end to unemployment.

“I am not like …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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