There is greater opportunity for insurance companies to collaborate more with the banking sector to deepen insurance penetration in the country as some banks gradually divest from their insurance subsidiaries.

Over N500 million will elude the Nigerian economy between now and October as two prominent conferences in the insurance sector have been unceremoniously shifted to other countries because of security concerns in the country.

Federal Government has appointed Oladele Amoda, an engineer, as the new Chief Executive Officer, CEO, for Eko Electricity Distribution Company of Power Holding Company of Nigerian, PHCN.

UPPER Niger River Basin Development Authority, UNRBDA, has named Mallam Muhammed A. Dada as its new Executive Director.

To position its latest product in the financial market, Access Bank Plc in collaboration with Nickelodeon said they are deploying new product to redefine the retail banking space for children, whilst it has committed significant investment in Integrated Marketing Communications tool.

At the administrative level, Nigeria needs radical changes in fiscal, monetary and industrial policies to both promote new enterprises and aid existing ones. The bulk of the problem is the impaired access for small and medium enterprises to capital markets. To improve this situation, lawmakers have made it mandatory for commercial banks operating in Nigeria to keep aside 10% of pre-tax profits for equity investment in small businesses.

Last week, Bukar Kyari assumed responsibilities as the Chief Executive Officer of the Central Securities and Clearing System CSCS, the clearing arm of the capital market. With a 24 years career which include 14 years at Hewlett-Packard (HP), three years as Director in charge of eelectronic Banking, Information Technology and Operations at former FSB International Bank and six years as Managing Director/Chief Executive Valucard Limited, Kyari has established a reputation as one of the top experts in the nation’s electronic payment industry. In this interview, he bares his mind on development in the electronic payment industry and how he intends to use his wealth of experience in information technology and banking to transform the CSCS.

The declining fortune of the Nigerian Stock Exchange, NSE, continued last week, as the value of investors’ holding in the secondary segment of the Nigerian capital market dipped by N120.877 billion.

You could dismiss this as a beer parlour discussion but it is a reflection of the widespread concern among the masses about the impeding implementation of the cash limit policy of the Central Bank of Nigeria (CBN).

Nigeria expects the first significant iron ore production next year from its Itakpe iron ore deposits as it looks to reduce its dependence on oil and gas revenues, Dr Olusegun Aganga disclosed in Australia over the weekend.