Business

Colors: Orange Color

WHY GIANT CORPORATE ORGANISATIONS FAIL.....Kehinde Ogundimu, NMRC MD

* As ACAEBIN Boss, Yinka Tiamiyu, Points Out Key Elements In Building A Sustainable Organizational Culture

By Cordel Inyanya (Property Correspondent)

The role of internal audit in building a sustainable organizational culture has once again been brought to the fore.

This was made known recently by the Managing Director and Chief Executive Officer of the Nigeria Mortgage Refinance Company (NMRC), Mr Kehinde Ogundimu, during the 50th Quarterly General Meeting of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) hosted by NMRC.

BUHARI URGES INSURANCE FIRMS TO TAKE ADVANTAGE OF DIVERSIFICATION, EXPAND OPERATIONS TO MEET NEEDS

By Janet Bassey (Governance Reporter)

President Muhammadu Buhari, on Monday in Abuja, urged Insurance firms in Nigeria to take advantage of the ongoing efforts by the Federal Government to grow the non-oil sector of the economy through innovation. He commended their role in encouraging medical practitioners to tackle the spread of COVID-19.

IMF GOV'S BOARD APPROVES ALLOCATION OF SDRs

By JVINN Okafor (Managing Editor/Head of Business and Economy)

The Board of Governors of the IMF has approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion) on August 2, 2021, to boost global liquidity.

FIDELITY BANK PROMOTES 745 STAFF FOR ITS 2019/2020 FISCAL YEAR

By Celestine Okafor (Editor-in-Chief)

In a bold move to increase corporate efficiency, boost productivity and staff morale, the management of Fidelity Bank Plc has elevated 745 employees following its 2019 and 2020 financial years performance reviews.

IMF TEAM PARLEYS NIGERIA ON ECONOMIC AND FINANCIAL DEVELOPMENT OUTLOOK

* Says Real GDP Recovering But Employment, Inflation Remain Elevated

Recent Exchange Rate Measure Encouraging, Further Reforms Needed For Full Unified Market-Clearing Rate
Resurfacing Of Fuel Subsidies Worrisome In Context Of Low Revenue Mobilization

By JVINN Okafor (Managing Editor/Head, Economic & Finance Desk)

An International Monetary Fund (IMF) team led by Ms. Jesmin Rahman held virtual meetings with the Nigerian authorities from June 1-8, 2021 to discuss recent economic, financial developments and outlook.

UK PARLIAMENTARY COMMITTEE RECOGNISES AFDB's EFFECTIVENESS IN RESPONDING TO COVID-19

By JVINN Okafor (Managing Editor/Head of Business & Finance) @AuntyJVIN

The African Development Bank has welcomed a report published by the UK House of Commons’ International Development Committee on Britain’s support to the African Development Bank Group.