Rather than doctor their books and report non-existing profits, insurance and reinsurance companies in Nigeria may have resolved to tell their shareholders the whole truth about their performance by publishing their actual results, Patience Saghana writes

By Linus Ikechukwu MANY Nigerians used to think that the best thing to have happened to the country at the tail end of military dictatorship was the formation of the Peoples Democratic Party (PDP) in the late 1990s. It is now doubtful whether, indeed, the PDP is a national blessing or a curse to the […]

Market risk is the risk of loss in the value of a financial institution’s proprietary trading holdings in equity, debt, FX or commodity instruments, due to fluctuations in market prices. Market risk can also arise with the management of client’s moneys where financial institutions provide unhedged guaranteed minimum returns. A form of market risk also arises where banks accept financial instruments exposed to market price volatility as collateral for loans. Poor market risk management practises can lead to significant losses very quickly in volatile market conditions and also complete institutional collapse in severe situations.

Regular readers of this column over the years would most certainly have been exposed to a different perspective on the operation of the Nigerian economy. However, even if such adherents of the column accept the rationale of our proposals, and indeed, find them plausible; they may rightly wonder why the government and its responsible agents for monetary policy have turned deaf ears to what ordinarily makes a lot of sense with its huge potential for positively turning round the ravaged fortunes of our economy and our people.

The Association of Housing Corporations of Nigeria (AHCN) is aligning efforts with financial institutions in search of viable options for funding housing development, against the backdrop of shortage of funds and lack of mortgage finance for housing schemes in the country. Members of the association met recently with corporate investors, developers and mortgage institutions seeking […]

The Kwara State government has commissioned a Geographic Information System (GIS) and survey digital equipments for proper land administration in the state, worth N200 million.

The World Bank has approved a 500-million dollar Development Policy Credit to support Nigeria’s economic reforms in the financial sector and public financial management.

An International Monetary Fund, IMF mission led by Mr. David Nellor visited Abuja and Lagos between July 16 and 29, 2009 to conduct the 2009 Article IV Consultation, which involves analysis and discussion of economic policies that the IMF, regularly conducts with each member country.

Globally, the importance of banks in an economy cannot be over-emphasised. Apart from playing the intermediation role of moving funds from the surplus to the deficit sectors of the economy, they act as the barometer that measures the “financial pressure” of an economy. The banking industry is the largest provider of funds to both the private and public sectors of the economy; it also provides developmental support to the key sectors of the economy. Stakeholders are thus sensitive to whatever positively or negatively affects the banking industry.

Recently the Central Bank of Nigeria suspended the treatment of Commercial Papers and Bankers Acceptances by banks as off balance sheet items. This measure according to money market operators would trigger a fresh liquidity crisis in the industry as well as occasion increase in deposit rates, Babajide Komolafe writes.

“The truth is” said Onyefuru, “I was his only troop!” in response to my question about the failures of troop mobilization that night. “I returned with him to the Ikeja barracks that morning. We had walked across the front of Colonel Njoku’s home.

By Emma Amaize Warri – Delta State Government is to build new settlements for  Ijaw and Itsekiri communities in  Warri South-West Local Government Area of the state that were devastated by men of the Joint Task Force (JTF) on the Niger Delta during its aborted Cordon and Search operation in the area. Delta State governor, […]

By Vincent Ujumadu Awka – The Uchenna Emodi-led Anambra state Executive of the Peoples Democratic Party (PDP) has denied the claim by members of the national assembly from the state that Emodi and his group were bonafide members of the Democratic Peoples Party (DPP), saying that there was no iota of truth in the claim. […]

By Emma Amaize Warri – Participants at a workshop organized by the Human Rights Defenders Organization of Nigeria (HURDON) in Warri, Delta State on the amnesty granted militants by the Federal Government have urged freedom fighters in the Niger-Delta region not to surrender their arms, as the Federal Government has no post-amnesty plan for revolutionists. […]

We shall concentrate on the current strike by the Academic Staff Union of Universities (ASUU) because, apart from being a member of that very union; I think that over the years the other two unions, SSANU and NASU, look up to ASUU on strike as a viable strategy for compelling the government, both state and federal, to enhance the welfare of their members.