Digital postcode to transform commerce, security, cut delivery costs — Tijani
By Progress Godfrey The Federal Government has said Nigeria’s Digital Alphanumeric Postcode System, scheduled for launch this year, will transform commerce, strengthen security and significantly reduce delivery costs nationwide. Speaking at the National Digital Alphanumeric Postcode System workshop in Abuja, Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, described the initiative as critical […]
DBN to sign on banks, more MFIs before year end — Okpanachi
The Development Bank of Nigeria (DBN) is to sign on Deposit Money Banks (DMBs) and more Micro Finance Institutions (MFIs) before the end of the year.
Insurers groan as premium growth lags behind liabilities
THE insurance industry, during the nine months period ended September 2017, witnessed marginal growth in gross premium written while claims expenses went up significantly.This development may have put the badly affected underwriters in financial stress.
Cost of funds to fall as over N700bn inflow hit interbank
Cost of funds in the interbank money market will decline this week in response to inflow of over N700 billion from matured treasury bills and statutory allocation to the three tiers of government.
Stanbic IBTC reports 78% increase in profit in Q3 2017
Stanbic IBTC Holdings Plc has posted a 77.7 percent increase in profit before tax to N45.65 billion from N25.7 billion for the nine month period ended September 30, 2016.
S&P assigns stable outlook to UBA
By Nkiruka Nnorom Standard & Poor (S&P) Global Ratings has affirmed its long and short-term global scale issuer credit ratings on United Bank for Africa Plc (UBA) at ‘B/B’. The rating agency also affirmed a long- and short-term Nigeria national scale ratings on the group at ‘ngBBB/ngA-2’ and assigned a stable outlook to the bank. […]
