THE Nigeria Deposit Insurance Corporation, NDIC, has become the first public sector organization in Nigeria to be awarded three International Standards Organization (ISO) certifications by the British Standards Institute (BSI) simultaneously

NIGERIAN banking industry needs increased digitization, stronger corporate governance and enhanced communication among stakeholders to effectively play its role in the nation’s quest for sustained economic growth.

DESPITE the last minute directive  by the Central Bank of Nigeria, CBN, that restricted banks’ dividend pay-outs, leading banks which are quoted on the Nigerian Stock Exchange, have ended their 2018 annual general meetings (AGMs) for the 2017 financial year doling out a total dividend of N225.012 billion, indicating a 25.6 percent increase over N179.165 billion paid last year on 2016 financial results. Moreover, their directors collected N30.217 billion representing 38.8 percent up-shoot in their dividend income as against N21.771 billion last year.

PREMIUM Pension Limited, a Pension Fund Administrator, PFA, has said that its Assets under Management (AuM) currently stands at N548.6 billion.

THE African Insurance Organization,   AIO, has   suspended   Prestige Assurance Plc, Standard Alliance Plc and Industrial and General Insurance (IGI) for failure to pay subscription fees for more than three consecutive years.

The Securities and Exchange Commission, SEC, should not force the capital market to fly when it is yet to learn how to walk steadily. We are yet to fully appraise the import and fallout of e-dividend system, how effectively it has created problems (financial terms) for the retail investors, semi-literate investors, absentee investors, and investors in diaspora. The dust has not settled.

NIGERIA has a huge number of dormant bank accounts which stood at 38.3 million at the end of March this year.

It is good for managers of companies to give account to their shareholders in respect of what they did within a particular reporting period. The regulators are there to ensure that managers of companies obey such rules as stated by law. The rules are meant to strengthen the institutions, to make them function effectively and ensure that managers of such companies are cautious that there are people watching them. To me, it is a good development. Besides this, when a particular company or firm is consistently not reporting or not meeting up to the directive, there must be something wrong.

FINANCIAL market analysts were, weekend, united in their projections about the outcome of the Central Bank of Nigeria’s 118th Monetary Policy Committee, MPC, meeting holding today and tomorrow. They argued that recent developments in the foreign exchange market and in emerging markets have eliminated the possibility of the MPC reducing the Monetary Policy Rate, MPR.

AS the bear run on equities listed on the Nigerian Stock Exchange, NSE, persists it seems that investors are more in the mood of negative bandwagon. Thus negative sentiments have trailed even the impressive financial results.

As you know, there is economic meltdown in the country and every financial institution is trying hard to see how they can scale through the challenges. But we the MfBs, especially those in Enugu, are doing our best to see how we can scale through.

“I will rather put my money in a fixed deposit account than take up an insurance policy”, said Amalu Robinson, a graduate of University of Nigeria, Nsukka, UNN.

In the event of death, it is always a herculean task for beneficiaries to access pension benefits of the deceased. Ronke Adedeji, Managing Director of Leadway Pensure Limited, a Pension Fund Adminstrator, PFA, in this interview harps on the need for pension contributors to always update their information. Excerpts.

FOLLOWING the upsurge in demand for dollars last week by foreign investors, Nigeria’s foreign exchange market came under pressure with analysts in divergent views as to the impact on the market this week.

THE Nigerian Bar Association, NBA, has vowed to partner with the Institute of Chartered Accountants of Nigeria, ICAN, in the fight against corruption as a way of promoting integrity in public institutions and businesses.