In this interview with Vanguard, the Ag Chairman, National Association of Microfinance Banks, NAMB, Lagos State Chapter, Mr. Olufemi Babajide, talks about the contributions of microfinance banks (MFBs), challenges they face and investment by Oiko Credit.

SUSTAINABLE DEVELOPMENT! This is one issue that entrepreneurs, blue chip companies, financial organisations and multinationals are not likely to concern themselves with.

Nigeria’s Infrastructure Needs and the Role of Capital Markets Theoretically, it is possible to securitize anything where risk is possible.

Perhaps the most optimistic of recent signs have been observed in the non-oil sector, which doubled since 2001 and currently accounts for 7% of GDP.

Mr. Vincent Oludare Obielum is the Managing Director/Chief Executive Officer of Oludare Obielum Nigeria Enterprises, a printing outfit located in Surulere area of Lagos.

In a bid to ensure security on the nation’s waterways, a US-based firm has commenced talks with the Indigenous Shipowners Association of Nigeria (ISAN) for partnership in achieving secured maritime environment.

Oando Plc is on the verge of creating another opportunity for shareholders to have multiple dividends as it gets prepared to diversify its 49 per cent of its wholly owned equities in the marketing arm.

Central Bank of Nigeria (CBN) has commended the self-regulatory efforts of the Association of Bureaux De Change Operators of Nigeria (ABCON) as worthy of emulation.

The Federal Government has announced a new guideline for contracts award in the country, stating that, henceforth, contracts to be approved, must be able to create jobs for a vast majority of people.

All financial regulators have because of the financial meltdown and experiences of allied economies in the world have become proactive to issues as against the former approach. NAICOM being one of them had come up in advance with measures to check potential problems.

John Holt Plc has unveiled its latest security/safety technologies targeted at improving operational efficiency of both private organizations and government in the Nigerian economy.

The CBN has raised fresh alarm over mounting non performing loans in the banking system, even after it intervened in eight banks two years ago, those close to the CBN authority have disclosed. According to them, the CBN Governor, Sanusi Lamido Sanusi

Henceforth any bank that does not comply with the Cash Reserve Requirement (CRR) of the Central Bank of Nigeria (CBN) will pay interest rate charge five times multiplied by the lending rate of the apex bank. With the lending rate of the CBN presently at 8.5 per cent, this translates to interest penalty of 40.25 per cent.

The Urban Development Bank of Nigeria Plc (UBDN) has signed a co-operation agreement with the Development Bank of South Africa (DBSA). The bi-lateral agreement between the two development finance institutions signals a new era of economic cooperation for both nations and clears the path for the sharing of ideas and expertise on a broad range of infrastructure-related matters.

Global food prices hit a record high in February, the United Nations said on Thursday, warning that surprise oil price spikes induced by Middle East unrest would impact already volatile cereal markets.