In Banking, Culture eats Innovation for Breakfast

By Babatunde Olofin Ever wondered why traditional banks, despite having the financial power to invest in technology, are not driving the pace of retail fintech innovation?  After 19 years in banking, I can categorically say it is thanks to their culture. First, let’s define culture in this context. It is the sum of all processes […]
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Reps to probe N165bn appropriated for the NCS in 2 years

The House of Representatives on Wednesday unveiled plans to investigate the utilisation of the N165 billion appropriated for the Nigeria Correctional Service (NCS) over the past two years. The resolution was passed sequel to the adoption of a motion on ‘Urgent national importance on the deplorable state of Inmates and the unwholesome working conditions of officers […]

PMS: Oil Marketers direct members to operate jetties, depots 18 to 24 hours daily

The Major Oil Marketers Association of Nigeria (MOMAN) has directed its members to extend the operations of their jetties, depots, and filling stations to between 18 to 24 hours daily until queues subside across the country. MOMAN’s Chairman, Mr Olumide Adeosun, confirmed the development in a statement issued on Wednesday in Lagos. Adeosun said MOMAN […]

Ebubeagu in Imo: We no longer sleep with our eyes closed — Villagers

The burning of houses belonging to Imo people by suspected members of Ebubeagu security outfit has allegedly continued, with the latest which happened in Umuorobara Okwunakuwa Uvuru in Aboh Mbaise local government area and Umuohuo, Mpam in Ekwerazu, Ahaizu Mbaise local government area all in Imo state.

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