Differentiation in banking products is now becoming thin and non-existent with the advent of universal banking. All banks now provide similar products but how well and fast a bank can meet and exceed customers’ expectations determine the level of customers’ loyalty.

The Central Bank of Nigeria (CBN) is making frantic efforts to save the N50 billion Micro Credit Fund from becoming a failure . Introduced in 2008, the N50 billion Micro Credit Fund (MCF) was set up to enhance the flow of funds to micro enterprises in response to the short comings of the Small and Medium Enterprises Equity
Investment (SMEEIS).

Value of shares on the Nigerian Stock Exchange (NSE) depreciated by N145.88 billion in November owing to investors’ apathy fueled by uncertainties in the banking and manufacturing segments.

Henceforth, only rated insurance companies will be considered for oil and gas insurance businesses, as part of an agreement between the Federal Government and multi-national oil companies.

LASACO Assurance Plc has emerged the lead insurer for the $12m insurance account of Exxonmobil’s ERHA projects for 2010/2011 along with 21 underwriting companies.

Adamawa State Governor, Murtala Nyako has called on  primary mortgage institutions (PMIs) operating in the country to fashion out efficient plans for ensuring affordable housing for low income earners. Nyako threw the challenge during the opening of the Yola branch of Resort Savings and Loans PLC. and foundation laying ceremony of 480 housing units to […]

The Central Bank of Nigeria (CBN) has called for the establishment of a Mortgage Refinance/Liquidity Company (MRC) to revitalise the operations of the mortgage institutions in the country, and thus boost the housing finance sub-sector. The proposed liquidity firm will be a special purpose vehicle (SPV) to serve specialized second-tier institutions and provide both short-term […]

….Clamour CBN intervention By Babajide  Komolafe, Amaka Agwuegbo & Temilade Adegunlehin As ATM frauds continue to rise in the banking industry, banks’ customers have cried out in agony for the intervention of the Central Bank of Nigeria (CBN). Vanguard investigation reveals increasing cases of ATM fraud across the banking industry in spite the publicity campaign […]

Babajide Komolafe The N14 trillion markets in Federal Government bonds is on the course to imminent collapse as prices soar far above the real value of the bonds in a manner similar to the situation that preceded and precipitated the crash of the stock exchange. Experts who spoke at a workshop in Lagos on promoting […]

AB Microfinance Bank Nigeria,  one of the notable microfinance , celebrated its one year anniversary of business in Nigeria. Its shareholders include, Access Microfinance Holding AG, Impulse Microfinance Investment Fund, International Financial Corporation (IFC), KfW Entwicklungsbank (German Development Bank) and African Development Bank (AfDB). In this interview with Amaka Agwuegbo, Chairman, Supervisory Boards  of the […]

By Patience Saghana Insurance practitioners have begun moves to check the rising tide of fraudulent claims by customers estimated to constitute 12 per cent of total claims. According to operators, fraudulent claims are most recorded in the motor insurance class of the business. Insurance fraud is any act committed with the intent to fraudulently obtain […]

National Insurance Commission said it is working to ensure that complaints about un-settled insurance claim becomes a thing of the past in the nation’s insurance industry “Until recently, we use to record an average of 10 or more complaints per month from the public about  insurance companies not meeting their claims obligations. But all of […]

President Umaru Musa Yar’Adua has reiterated his administration’s commitment to land reform, even viewing it as key to poverty alleviation in the country, noting that it is part of the Seven-Point Agenda of his administration. The President stated this while receiving an interim report from the Presidential Technical Committee on Land Reform, describing land reform […]

… floats special purpose vehicle By Yinka Kolawole Real estate developers, under the aegis of Real Estate Developers Association of Nigeria (REDAN), are calling for concerted efforts by government and all stakeholders in the housing sector to drastically crash construction cost of building in the country, even as it is set to float a special […]

The federal government has identified the need for a virile mortgage industry in its efforts to reduce the housing deficit in the country put at about 16 million units. Minister of State for Works, Housing and Urban Development, Mrs. Grace Ekpiwhre, who was speaking recently at the commissioning of some housing units built by the […]