WORLD’S leading accounting and management firm, PricewaterhouseCoopers, PwC, has revealed that the Nigerian retail banking and payments sectors will be the most disrupted by a group of new companies building Financial Technology (FinTech) solutions.

Is very easy for you as a journalist who is writing history in a hurry, to miss some important things happening in the industry and which are building blocks for better things for the future of the industry. Let me give you examples, we have witnessed recently improvements in the regulatory environment and because of that the poor perception of the industry is changing. Insurance companies are better managed today than they were just few years ago. Also technology is improving service delivery across board.

THE World Bank Group’s Global Index Insurance Facility (GIIF) and African Reinsurance Corporation (Africa Re) have entered into an agreement to carry out a risk-sharing facility to subsidize premium for over 80million farmers in Africa.

Yes, I am in support of the move by the Commission to stop physical share certificates. Elimination of share certificate will go a long way to hasten transactions on the stock market. I am happy to hear that the Central Securities Clearing System, CSCS, has reached 100 per cent of dematerialisation of share certificates in the Nigerian capital market. It has been a journey that started over 10 years ago, so SEC and the CSCS should be commended for the achievement.

I BELIEVE it is part of the duties of regulators to ensure a free and fair market. Transparency and fair play are essential ingredients for any market. Market operators are also in a position of trust. They must be seen to be above board to retain and sustain the confidence of all stakeholders. But then, our system is still evolving; it is not yet perfect and so is our regulatory environment. I think we should all regulate the regulators but we should still give them benefit of the doubt.

EMBITTERED shareholders of quoted companies on the Nigerian Stock Exchange, NSE seem to be right in their case over membership qualification on the audit committee of their companies.

TWO lucky customers of Diamond Bank have been rewarded with N2 million each for emerging the two millionth customers to open a Diamond Y’ello account and download, register and carry out financial transaction with its star digital financial platform, Diamond Mobile app.

FMDQ OTC Securities Exchange has admitted for quotation the Sterling Bank Plc N2.40 billion Series 1-3 Commercial Paper (CP) Notes , under its N100 billion CP programme. The Exchange also admitted for listing the FCMB Financing SPV Plc N5.10 billion 7-year 17.25 per cent Series 3 Fixed Rate Unsecured Bond under its N100 billion debt issuance programme on its platform.

DAVODANI Microfinance Bank (MfB) Limited has said that embracing Microfinance Banking Services would help people, especially those at the bottom of the pyramid get out of the current economic situation in the country.

The Association of Master Bakers and Caterers of Nigeria (AMBCN) has expressed its displeasure on the high cost of baking materials that keep forcing members to close shops. This happened during the association’s first NEC meeting at Sagamu where the newly elected executives had appealed to the Federal Government to come to their aid.