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Sunday, September 22, 2019

Business & Finance

Finance Ministry ends 2020 Formula Based Grants Distribution to Local Councils

The Local Government Act, 2004 also makes provision for the use of a formula based grant distribution system for allocating devolved grants to Local...

Japanese Companies to recover lost opportunities in Africa

Africa is far away from Japan, but some Japanese companies know that there are business opportunities and they want to recover the lost opportunities...

Govt. lacks credible data on quantity of fishing vessels

Certain identified challenges in the fishing sector have been cited by the International Monetary fund (IMF). Amongst them is the lack of comprehensive fish...

Unstable macroeconomic environment affects development in the manufacturing and services sectors

The International Monetary Fund (IMF) has said that the unstable macroeconomic environment which has volatile growth, high inflation, high domestic interest rates, a depreciating...

FBN Bank Profits Before Tax jump by 50%

One of Nigeria’s oldest name in Commercial Banking the First Bank of Nigeria recalibrated as FBN Bank and registered in Sierra Leone has posted...

Transitioning to ECOWAS monetary union will be difficult and expensive –BSL Governor

Bank Governor Kelfala Kallon has said that there is no gainsaying the fact that the process of developing and transitioning to a new legal...

SL Commercial Bank Profits Before Tax grows by Le4billion

The Sierra Leone Commercial Bank has posted a Profit Before Tax (PBT) of Le83.7 billion Leones for 2018, which is Le4.1 billion more than...

Standard Chartered (SL) Profits Before Tax drop by Le5.5billion

One of the oldest and most stable Commercial Bank – Standard Chartered Bank (SCB) has posted a drop on year on year Profits Before...

West Africa Bank Governors urged to look into dollarization of their economies

West African Bank Governor’s have at a recent meeting in Guinea been urged to look into the dollarization of their economies as it poses...

Finance Ministry projects inflation to decline to 12 percent in 2020

The main objective of the country’s macroeconomic policy over the next three years (2020-2022) is said to unlock the growth potential of the country...
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