Author: Segun Oni
Segun Oni
I'm driven by a passion for growth and development, and I find joy in empowering individuals and organizations to achieve their goals through tailored marketing solutions. With a knack for problem-solving, my approach is built on values, ensuring that every interaction with me yields positive outcomes.
In a surprising move, Africa’s richest man, Aliko Dangote, has announced that his company, Dangote Group, has shelved plans to invest in the steel sector. The decision, according to Dangote, was taken to avoid accusations of monopolistic practices. Speaking at a recent business forum, Dangote revealed that the company’s board had initially considered investing in the steel sector, given the huge demand for steel products in Nigeria and the wider West African region. However, after careful consideration, the board decided against the investment to avoid being labeled as monopolistic. “We didn’t want to be seen as trying to dominate the…
The Central Bank of Nigeria (CBN) has conducted a series of foreign exchange transactions, injecting liquidity into the market to maintain stability in the exchange rate. According to a statement by the CBN’s Director of Corporate Communications, Osita Nwanisobi, the transactions were conducted within an exchange rate range of N1,498.00/$1 to N1,530.00/$1. The CBN’s intervention in the foreign exchange market is aimed at ensuring the stability of the naira and maintaining a stable exchange rate. The apex bank has been conducting regular foreign exchange transactions to meet the demand for foreign currency by businesses and individuals. The CBN’s foreign exchange…
The Federal Government has announced an unprecedented growth in revenue generation, with a total of N381 billion remitted to the Consolidated Revenue Fund (CRF) from revenue generated. According to a statement from the Ministry of Finance, the revenue growth is a result of the government’s efforts to diversify its revenue streams and improve tax collection. “We recorded an unprecedented growth in revenue generation and remittances to the Consolidated Revenue Fund (CRF) from revenue of N381 billion,” the statement said. The statement attributed the growth to the implementation of various revenue-generating initiatives, including the Voluntary Assets and Income Declaration Scheme (VAIDS)…
The recent recapitalisation of the banking industry has been hailed as a strategic move that will strengthen the financial capacity and stability of the country. According to Mr. Cardoso, a renowned financial expert, the recapitalisation will enable banks to withstand financial shocks, maintain stability in the financial system, and support economic growth. “The recapitalisation of the banking industry is a welcome development that will boost the financial stability of the country,” said Cardoso. “With stronger capital buffers, banks will be better equipped to manage risks, maintain stability in the financial system, and support economic growth.” The recapitalisation exercise, which…