With few days to 2012, the year that the Central Bank of Nigeria intends to implement a cashless society, many question our readiness for this transformation. In the last decade, there has been a significant shift in the way business is conducted in many parts of the world.

After the close of consolidation in the insurance sector, some companies went abroad to establish branches. The success of these foreign investments still leaves a lot to be desired

First Hydrocarbon Nigeria Limited (FHN or the Company) has announced the appointment of Femi Bajomo as Chief Operating Officer.

President of the Association of Fish Suppliers of Nigeria (AFISUN), Engr. Ginger Mba, has listed documentation, berthing delays, increase in tariffs, clearing delays, power outage, inspection agents and high cost of duty as the challenges of the industry.

THE Manufacturers Association of Nigeria, MAN, has announced the appointment of Mr. Olayinka Akande as its new Director General.

The Central Bank of Nigeria (CBN) has set up a tripartite committee to harmonise the records of Savannah Bank in preparation for the re-entry of the bank into the banking industry.

To prevent another round of crisis in the Nigerian financial sector, there must be a clear separation of the internal audit functions in banks, says Mr. Kehinde Durosinmi-Etti, Group Managing Director/Chief Executive Officer, Skye Bank Plc.

In its efforts to ensure that more Nigerians have easy and reliable access to finance and foster financial inclusion, the National Association of Microfinance Banks, Lagos State chapter (NAMBLAG) has signed a Memorandum of Understanding (MoU) with Fortis Mobile Money, a mobile money operator licenced by the Central Bank of Nigeria (CBN) to reduce the number of people without access to finance.

The Managing Director/Chief Executive Officer of Bolyn Constructions Company Limited, makers of low-cost housing equipment based in Lagos with offices in Kaduna and Abuja, Elder Rufus Bamgbola Akinrolabu, in a recent chat with Vanguard, said Nigeria’s housing problem can become a thing of the past if only the government and people will look inwards and use the local materials that God has blessed them with. Excerpts:

The Federal Government of Nigeria would have only expended N500 billion to resolve the crisis in the banking sector if the central bank, CBN, had handled the issues in the banks and the financial sector properly, says Mr. Tunde Adeyemi, Managing Director, DHTL Capital Management Limited.