Okonjo-Iweala: Financial Inclusion of Women Can Raise Nigeria’s GDP By 12%

A former Minister of Finance, Dr. Ngozi Okonjo-Iweala on Thursday called for policies that would ensure that more women are brought into the financial system. According to her, including more women in the financial system could add about 10 to 12 per cent to the country’s Gross Domestic Product (GDP). Speaking in Lagos at a Diamond Bank partnership programme with Women’s world banking counsel for Africa, an initiative focused on women’s economic empowerment, financial inclusion and gender diversity in Africa, the former minister said reports had shown that two billion people were excluded from financial inclusion.

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Toyota recalls fresh 5.8 million cars globally over faulty airbags

Toyota Motor Corp  said it was recalling about 5.8 million cars at home and abroad over potentially faulty air bag inflators made by Takata Corp. The company said in a statement in Tokyo, that the recalled cars included those used as replacement parts following a 2010 recall. It said the recalled covered airbags installed in cars produced between May 2000 and November 2001, and April 2006 and December 2014. Toyota’s latest recall includes the Corolla, one of the world’s best-selling models, and the Vitz or Yaris subcompact hatchback model. It affects about 1.16 million vehicles sold in Japan, about 820,000 cars sold in China and around 1.47 million cars in the European market.

The recall extends to Central and South America, Africa, the Near and Middle East and Singapore, and also includes the Hilux pick-up truck and the Etios line of sedans and hatchbacks.

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NB Plc Records Decline in Profit, Declares N7.9bn Interim Dividend

The Board of Directors of Nigerian Breweries (NB) Plc has recommended an interim dividend of N7.929 billion, which translates to N1.00 per share for the nine months ended September 30, 2016. This interim dividend is being recommended despite a decline in the company’s profit for the period occasioned by the current challenging environment. The company said in a statement signed by NB Plc’s Company Secretary/Legal Adviser, Mr. Uaboi Agbebaku, that revenue rose from N214. 918 billion recorded at the end of September 2015 to N222.716 billion in the same period in 2016. However, operating profit fell by 11 per cent from N42.766 billion in 2015 to N37.962 billion in 2015. The company’s profit after tax (PAT) declined by 23 per cent from N26.175 billion in the period under review in 2015 to N20.100 billion in 2016. Read more at http://www.thisdaylive.com/

NB Plc Records Decline in Profit, Declares N7.9bn Interim Dividend

The Board of Directors of Nigerian Breweries (NB) Plc has recommended an interim dividend of N7.929 billion, which translates to N1.00 per share for the nine months ended September 30, 2016. This interim dividend is being recommended despite a decline in the company’s profit for the period occasioned by the current challenging environment. The company said in a statement signed by NB Plc’s Company Secretary/Legal Adviser, Mr. Uaboi Agbebaku, that revenue rose from N214. 918 billion recorded at the end of September 2015 to N222.716 billion in the same period in 2016. However, operating profit fell by 11 per cent from N42.766 billion in 2015 to N37.962 billion in 2015. The company’s profit after tax (PAT) declined by 23 per cent from N26.175 billion in the period under review in 2015 to N20.100 billion in 2016. Read more at http://www.thisdaylive.com/

Reps Hinge Approval for $30bn Loan on Funding for Constituency Projects

Members of the Nigerian House of Representatives have hinged their approval for the $30 billion external borrowing plan request of the federal government and the Medium Term Expenditure Framework (MTEF) on a firm commitment by the executive to the release of funds for their constituency projects. President Muhammadu Buhari early this week had written to the National Assembly, seeking approval for the loan to address critical infrastructure deficit, and for virement of N180 billion in the 2016 budget to fund capital and recurrent items.
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Reps Hinge Approval for $30bn Loan on Funding for Constituency Projects

Members of the Nigerian House of Representatives have hinged their approval for the $30 billion external borrowing plan request of the federal government and the Medium Term Expenditure Framework (MTEF) on a firm commitment by the executive to the release of funds for their constituency projects. President Muhammadu Buhari early this week had written to the National Assembly, seeking approval for the loan to address critical infrastructure deficit, and for virement of N180 billion in the 2016 budget to fund capital and recurrent items.
Read more at http://www.thisdaylive.com/

Reps Hinge Approval for $30bn Loan on Funding for Constituency Projects

Members of the Nigerian House of Representatives have hinged their approval for the $30 billion external borrowing plan request of the federal government and the Medium Term Expenditure Framework (MTEF) on a firm commitment by the executive to the release of funds for their constituency projects. President Muhammadu Buhari early this week had written to the National Assembly, seeking approval for the loan to address critical infrastructure deficit, and for virement of N180 billion in the 2016 budget to fund capital and recurrent items.
Read more at http://www.thisdaylive.com/