Loan recovery is a big challenge in the microfinance industry because we don’t have the prerequisite data in this sub-sector like in other clime where they have accurate data. With data you can track your loan customers, though the Bank Verification Number (BVN) is trying to help in this regard but as it is, the cost of acquiring the data capturing machine for microfinance banks is high.

SHAREHOLDERS in the nation’s capital market have taken a swipe on the Financial Reporting Council of Nigeria, FRCN, over alleged waiver fees it places on Chief Finance Officers, CFOs, and audit committee chairmen of quoted companies, who are not members of the Institute of Chartered Accountants of Nigeria, ICAN.

GOVERNOR Of the South south and south east region have reaffirmed their faith in the unity of the country, promising to promote an indivisible country.

DESPITE recent profit takings in the equities investors in the Rights Issue of Unilever Nigeria Plc are still on massive discount of over 27 per cent following the price surge in the equity shortly after the offer opened last month. The Rights Issue is closing next week.

STERLING Bank Plc has unveiled the Recyclart Competition in a bid to influence how Nigerians dispose of items that could be recycled and change the way they relate to the environment. Chief Marketing Officer of Sterling Bank, Mr. Henry Bassey, who disclosed this in a statement in Lagos, said the Recyclart competition is intended to […]