WORLD’S leading accounting and management firm, PricewaterhouseCoopers, PwC, has revealed that the Nigerian retail banking and payments sectors will be the most disrupted by a group of new companies building Financial Technology (FinTech) solutions.

Is very easy for you as a journalist who is writing history in a hurry, to miss some important things happening in the industry and which are building blocks for better things for the future of the industry. Let me give you examples, we have witnessed recently improvements in the regulatory environment and because of that the poor perception of the industry is changing. Insurance companies are better managed today than they were just few years ago. Also technology is improving service delivery across board.

THE World Bank Group’s Global Index Insurance Facility (GIIF) and African Reinsurance Corporation (Africa Re) have entered into an agreement to carry out a risk-sharing facility to subsidize premium for over 80million farmers in Africa.

FOLLOWING alleged loss of 500 cows belonging to Fulani herdsmen in Oke Ogun and Ibarapa areas of Oyo State, the Chairman, Soludero Hunters Association, Chief Oladejo Oladapo and the President of the association, Chief Nureni Ajijola Idris, have advised the Fulani socio-cultural organization, Jamu Nati Fulbe Association of Nigeria not to resort to violence as the state government and police are making arrangement to solve the knotty issue.

PORT HARCOURT— Governor Nyesom Wike of Rivers State has described as fruitless, support by his administration to the Nigeria Police and the Department of State Services, DSS, to enhance the security situation in the state.

Arising from a two-day national workshop on “Building Information Modelling (BIM): Concept, Application and Benefits in Projects Development” organised by the Nigerian Institute of Quantity Surveyors (NIQS) recently in PortHarcourt, Rivers state, participants at the workshop comprising built environment professionals and other stakeholders have called on the government at all levels to spearhead the implementation process of BIM through funding, development of BIM standard and promulgation of appropriate legislation.

Yes, I am in support of the move by the Commission to stop physical share certificates. Elimination of share certificate will go a long way to hasten transactions on the stock market. I am happy to hear that the Central Securities Clearing System, CSCS, has reached 100 per cent of dematerialisation of share certificates in the Nigerian capital market. It has been a journey that started over 10 years ago, so SEC and the CSCS should be commended for the achievement.

I BELIEVE it is part of the duties of regulators to ensure a free and fair market. Transparency and fair play are essential ingredients for any market. Market operators are also in a position of trust. They must be seen to be above board to retain and sustain the confidence of all stakeholders. But then, our system is still evolving; it is not yet perfect and so is our regulatory environment. I think we should all regulate the regulators but we should still give them benefit of the doubt.

As part of measures to implement the new foreign exchange measures to address the depreciation of the naira in the parallel market, the Central Bank of Nigeria, CBN, and commercial banks will collaborate with state governments to verify tax clearance certificates.

Guinness Nigeria Plc, a foremost total beverage alcohol company in the country, has released its Sustainability Report for 2016, indicating its performance on various aspects of its operations, while outlining its sustainability targets for the future.

DISTURBED by life threatening illegal structures springing up at Pilot Crescent 2, Bode Thomas, Surulere, Lagos, residents of the low cost housing estate under the aegis of Pilot Crescent 2 Residents’ Association, have sought the intervention of Lagos State Building Control Agency (LASBCA) in order to avert perceived calamity posed by construction of illegal buildings in the sleepy community.

THE Minister of Agriculture, Chief Audu Ogbeh, and four state governors, weekend, met with a Chinese company, YTO China-Africa Machinery Corporation, CAMACO, to fine tune the implementation of the $4.5 billion agriculture infrastructure loan agreement with the People’s Republic of China.

Ibadan—FIFTEEN-year jail term now awaits those who engage in forceful seizure of any land, otherwise known as land grabbing in Oyo State as Governor Abiola Ajimobi has signed a law that criminalises the act.

The Lagos state government has expressed interest in the renovation of the National Stadium in Surulere Lagos.

The economy must be taken out of recession. It is doable