Loan recovery is a big challenge in the microfinance industry because we don’t have the prerequisite data in this sub-sector like in other clime where they have accurate data. With data you can track your loan customers, though the Bank Verification Number (BVN) is trying to help in this regard but as it is, the cost of acquiring the data capturing machine for microfinance banks is high.

OWERRI—Several persons, including the victims of last Saturday’s demolition exercise in Owerri, have condemned the stories put out by Imo State Government and security agencies, to the effect that nobody died in the incident.

SHAREHOLDERS in the nation’s capital market have taken a swipe on the Financial Reporting Council of Nigeria, FRCN, over alleged waiver fees it places on Chief Finance Officers, CFOs, and audit committee chairmen of quoted companies, who are not members of the Institute of Chartered Accountants of Nigeria, ICAN.

GOVERNOR Of the South south and south east region have reaffirmed their faith in the unity of the country, promising to promote an indivisible country.

Ojukwu stood for Nigeria’s unity based on equity. Otherwise, as he put it: “Let my people go”. That is my stand also, and I believe it is the right thing to ask for. Buhari and those freeloading from the Nigerian oil-fed Commonwealth believe in gunpoint unity: Nigeria is indivisible and indissoluble; any who disagrees will be shot