Morning Beats

Why lending rates are high in microfinance banks — Operators

CHIEF Executive Officers of Microfinance Banks (MfBs) have attributed the high interest rate charged by the banks to the high cost of doing business in the sub-sector. Vanguard

Insurers pay N119.5b claims

Amid the hardship of recession in 2016, insurers helped restore businesses and  protect families of insured Nigerians through payment of claims for losses worth N119.5 billion, a report by the Nigeria Insurers Association (NIA) has shown.The Nation

Isuzu launches operations in South Africa

Isuzu Motors has launched its business operations in South Africa.  This followed the announcement last year when the firm said it would purchase the light commercial vehicle operations in Port Elizabeth and the balance of shareholding in its Isuzu Trucks South Africa operations.The Nation

South Africa raises VAT for first time in 25 years

South Africa’s new leadership has announced it was taking the politically risky step of raising value-added tax (VAT) for the first time in 25 years to cut the deficit and stabilise debt under new President Cyril Ramaphosa.The Nation

Adesina urges U.S. to support Africa’s agricbusiness

African Development Bank (AfDB)   President, Dr. Akinwumi Adesina has called for increased American and global investments to help unlock Africa’s agriculture potential.The Nation

‘Banks can do better in tackling financial crimes’

The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is committed to fighting corruption, terrorism financing and money laundering across the ECOWAS sub region.The Nation

CNN, Dangote Industries grow long-term partnership

CNN International Commercial (CNNIC) and Dangote Industries are expanding their long-term partnership by renewing Dangote’s sponsorship within CNN Marketplace Africa, launching a new brand campaign on CNN TV and Digital, and – in a media-first – integrating Dangote Industries with a video series on cinematic storytelling network Great Big Story.
The Nation

Autonomous driving ‘ll kill mass-market cars, says Toyota

Toyota Motor Corporation said autonomous driving would kill off mass-market cars.
The Nation

NSE launches corporate governance index

The Nigerian Stock Exchange (NSE) has launched a Corporate Governance Index (CG Index), which will track the performance of prequalified companies, using their market capitalisation, free float and corporate governance rating scores. The Nation

UBA, Access Bank join NSE’s premium board

Authorities at the Nigerian Stock Exchange (NSE) have approved the migration of leading commercial banks-United Bank for Africa (UBA) Plc and Access Bank Plc to the Exchange’s premium board. The Nation