AFTER 18 months of steady decline, Nigeria’s inflation rate resumed upward trajectory in August, which persisted in September. The reversal was driven by higher food prices, triggered by shortage of food supply across the country owing to the farmers/herdsmen crisis and recent flooding in some food producing areas.

OFFICIALS of First Bank of Nigeria Limited and FBNQuest Merchant Bank, both subsidiaries of FBNHoldings Plc, joined the rest of the world on October 31, 2018 to mark the 2018 World Savings Day by visiting 30 secondary schools and more than 1000 students across the country to impart with knowledge of financial literacy nuggets.

NIGERIA’s economy can perform better than the 1.9 percent Gross Domestic Product (GDP) growth rate forecast by the International Monetary Fund (IMF) for 2018.   

STANDARD Chartered Plc in partnership with the World Bank has launched the world’s first sovereign blue bond for the Republic of Seychelles.

UMUCHINEMERE Pro-credit Microfinance Bank, UPMfB has recorded 46 percent decline in profitability in the financial year ended December 31, 2017, due to incidences of bad loans.

THE Central Bank of Nigeria (CBN) is expected to intensify efforts to mop up liquidity from the banking system this week in response to inflow of N552 billion from matured treasury bills (TBs). Last week, the apex bank issued secondary market (Open Market Operations, OMO) TBs to mop up N316.23 billion from the interbank money market following the inflow of N375.98  billion from matured TBs

THE hostile operating environment  in the country occasioned by the political tension and uncertainty took a toll on the listed companies in the Nigerian Stock Exchange, NSE, which recorded mixed results in the third quarter, 2018, Q3’18 as their overall performance showed marginal growth in both turnover and profit.

The Nigerian-American Chamber of Commerce (NACC) in collaboration with Facebook and Digivate 360 have trained over 50 SMEs on growing their businesses leveraging digital media.

THERE is apprehension among insurance practitioners over the reluctance of the Lagos State government to renew its insurance coverage for the 2017/2018 business year.

The micro pension scheme will expand coverage of the Contributory Pension Scheme, CPS, to include self employed individuals such as artisans as well as employees of organizations with less than three people on their payroll.  This will form a major part of the government’s financial inclusion objectives. Apart from the inherent pension benefits, the target population is estimated above 60 percent of the entire Nigerian populace.

There was pandemonium in Shoba community, Abule-Ado, Lagos, weekend, as security agents stormed a Pentecostal church, Power of the Holy Ghost Evangelical Ministry a.k.a Tuesday Tuesday Church, to arrest the pastor of the church.

Michael Larbie is the Chief Executive Officer of Rand Merchant Bank Nigeria, a subsidiary of the South Africa based FirstRand Group. In this interview Labie speaks on the bank’s effort to distinguish itself in the intensely competitive Nigerian banking industry. He also spoke on the forthcoming general election and its impact on the economy.

MICROFINANCE bank operators have faulted the new minimum capital requirement recently announced by the Central Bank of Nigeria (CBN) for the subsector.

MANAGING Director and Chief Executive Officer of Heritage Bank Limited, Mr. Ifie Sekibo, has advised entrepreneurs and youths to embrace partnerships in their quest to succeed in business.

President of the Chartered Insurance Institute of Nigeria, CIIN, Mr. Eddie Efekoha, in this interview, speaks on efforts by the Institute to instil ethical practices in the insurance sector as well as increase insurance awareness among youths in the country. Excerpts: