Newly appointed Managing Director of Accion Microfinance Bank, MfB, Mr. Taiwo Joda in this interview  explains the factors that influence the high interest rate charged by microfinance banks (MfBs). He however expressed optimism that the trend would abate as more intervention funds are  made available to MfBs.  Excerpts:

AS was often the case in the past, officials of the Eko Electricity Distribution Company, EKEDC, recently stormed the popular Festac Town in Lagos for another round of mass disconnection due to what they claimed was the continued refusal by the residents to pay their electricity bills. But it was a mission that almost turned into a tragic misadventure.

As investors gain N1.5trn in 5 days Stories by Peter Egwuatu FINANCIAL Analysts have predicted that the equities will be characterised with profit taking from investors this week as the six-day impressive rally in the Nigerian Stock Exchange, NSE was halted Friday last week. The uptrend in market performance from the prior week was sustained […]

FCAM’s Legacy Maturity (NGN) Fund shareholders, a mutual fund managed by First City Asset Management Limited, have approved 11kobo dividends for the financial year ended June 30, 2017.

AS the insurance sector awaits the commencement of Risk Based Supervision, RBS, this year, four insurance companies are in dilemma over N14.8 billion shortfall in their shareholders’ funds, which are far below regulatory requirement.