Wema Bank partners DBN to fund MSMEs
Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses in Nigeria, recently.
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How MSMEs can benefit from technology — SystemSpecs
Opportunities abound in technology which Micro, Small and Medium Scale Enterprises (MSMEs) can explore to meet customers’ needs and grow their businesses, John Obaro, Managing Director of SystemSpecs, has said.
Read More Tier based capital regime to swell competition in insurance sector — Ahmed
Former Director General of the Chartered Insurance Institute of Nigeria, CIIN, and Managing Director of Krabond Insurance Brokers Limited, Mr. Kola Ahmed, in this interview talks on issues in the insurance industry. Excerpts:
Read More Court disrupts tier based capital structure take-off plan
The plan by the National Insurance Commission, NAICOM, to kick off the Tier Based Minimum Solvency Capital, TBMSC, structure from October 01, 2018 has been disrupted as a Federal High Court in Lagos has put it on hold.
Read More Diamond Bank rewards customers through GemZone programme
Diamond Bank Plc has expressed its commitment to continue to support and reward its customers that have shown loyalty with Gempoints in the GemZone programme.
Read More Insurers’ liabilities outpace assets
The insurance industry total liabilities for the first half of 2018, H1’18, outpaced total assets compelling stakeholders to call for rebalancing and caution.
Read More MfBs will not stake treasury bill for intervention funds — MD Trustfund MfB
The Managing Director/Chief Executive, Trustfund Microfinance Bank, MfB, Limited, Mr. Victor Ohuoba, in this interview said that the idea of pledging treasury bill to access intervention funds should be revisited while highlighting other issues that affect the sub sector.
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Apprehension over cost of funds as CBN revs up liquidity mop up
The interbank money market is enveloped by apprehension over direction of cost of funds this week following the resurgence of liquidity mop by the CBN last week which occasioned the first weekly decline in cost of funds in four weeks.
Read More Value of mobile money transactions falls by 23% in H1’18
The value of mobile money transactions through licensed mobile payment operators (interscheme) fell by 23 percent, year-on-year (YoY) in the first half of 2018 (H1’18). The volume of transactions however rose 53 percent within the same period.
Read More Wells Hosa Green House farms will partner with govt, private sector — MD
Wells Hosa Green House Farms Limited in Benin City recently inaugurated its farm. In this interview, Managing Director, Bright Okunbor, told journalists that while intending to export its produce in future, the immediate plan is to satisfy the Nigerian market.Excerpts
Read More We are making pension processes transparent — PTAD boss
The Pension Transitional Arrangement Directorate, PTAD, is responsible for the management of pensions under the old pension scheme, the Defined Benefit Scheme, DBS, for pensioners who did not transit to the new Contributory Pension Scheme, CPS. Executive Secretary of PTAD, Mrs. Sharon Ikeazor, in this interview talks on efforts to eradicate fraud in the pension scheme. Excerpts:
Read More CAMA allows shareholders to be members of audit committee —Adebisi
National Coordinator, Independent Shareholders Association, ISAN, Mr. Adeniyi Adebisi, in this interview with Financial Vanguard spoke on audit committee membership and the provision of CAMA as well as government policy that affects the petroleum marketing companies quoted on the Nigerian Stock Exchange, NSE. Excerpts:
Read More Analysts blame Lafarge Africa’s dwindling financial fortune on merger
The persistent decline in earnings of Lafarge Africa Plc has been blamed on combination of the company’s business with that of South Africa in 2014 to create an enlarged group.
Read More CBN Fines: NSE Reviews Stanbic IBTC, Diamond Bank corporate governance
There are indications that the Nigerian Stock Exchange (NSE) and other stakeholders have launched an engagement process to review the compliance of Stanbic IBTC Holdings Plc and Diamond Bank Plc to high-level corporate governance standards expected of quoted companies.
Read More Stock market investors lose N1.8 trn Year-to-Date
The bear crush on the Nigerian stock market continued last week as the stretching into 7th consecutive trading sessions bringing total losses so far this year as at close of business last weekend to N1.8 trillion.
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