STANBIC IBTC has said it plans to increase its allocation to the agricultural sector given the importance of the sector to job creation and economic prosperity and growth.

TOTAL transaction in the Over-the-Counter, OTC market for fixed income and currency market has risen to N10.85 trillion in the month ended September 30, 2016, according to the data from the FMDQ OTC Securities Exchange Plc.

DIAMOND Bank has announced a 16.9 per cent growth in total assets to N2.05 trillion for the nine month period ended September 30, 2016 from N1.75 billion posted in the corresponding period in 2015.

ACTIVITIES on the Nigerian Stock Exchange, NSE, last week continued on a negative note as investors lose N104 billion, thereby bringing the total losses in two consecutive weeks to N195 billion.

Industry Heads (CeBIH) and Systemspec have resolved to work together to deepen the electronic payment industry in the country.

NIGERIA Electronic Fraud Forum (NeFF)has raised alarm over increasing social engineering attacks on bank customers.

Healthcare experts at the just concluded Medic West Africa, MWA conference and exhibition held in Lagos have called for adoption of public private partnership in funding universal healthcare coverage, including team work among healthcare professionals, to boost quality of healthcare in Nigeria.

KPMG has disclosed that an average of 66 percent of banking ‘customers in Africa are not satisfied with information sent out to them. In its 2016 Banking Industry Customer Satisfaction Survey (BICSS) KPMG said that customer’s appreciation of banks had moved from financials to customers services.

THE Nigeria 4-in-1Exhibition would serve as a platform to promote trade and indigenous companies while creating jobs and wealth.

LAPO Microfinance Bank (MfB) Limited, has disbursed over N20 billion as agric loan to micro and small enterprises engaged in livestock, arable and tree crops farming, as part of efforts encouraging federal government’s diversification plan.

THE story of Nigerian agriculture is embedded within the country’s political history. Nigeria had a predominantly agricultural economy in the hundred odd years spent under British colonial rule and well into its first decade of independence. In the 1960’s, Nigeria was the world’s second largest producer and exporter of cocoa, the largest exporter of palm oil, and a principal producer and exporter of cotton, rubber and groundnut.

A LAGOS-based real estate development firm, Ifitech and Associates Limited, says it has all it takes to reduce Nigeria’s housing gap.

THE crash in Nigeria’s property market has opened up opportunities for brave investors with expectation of high returns when the country climbs out of recession.

To the best of my knowledge that is not correct. Yes, banks would make money when the yield on CBN instruments goes up and bank customers also move funds to invest in the instruments, creating liquidity tightening. If you check the website of FMDQ you will see that the volume of trade in the fix income market has flattened and now the volatility has flattened.

Shareholders of quoted companies, yesterday, advocated for backward integration process to be imbibed by the manufacturing companies in order to overcome the current scarcity of foreign exchange, forex in the country .