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Stating it as it is

Rather than doctor their books and report non-existing profits, insurance and reinsurance companies in Nigeria may have resolved to tell their shareholders the whole truth about their performance by publishing their actual results, Patience Saghana writes

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Market Risk Managament in Nigeria

Market risk is the risk of loss in the value of a financial institution’s proprietary trading holdings in equity, debt, FX or commodity instruments, due to fluctuations in market prices. Market risk can also arise with the management of client’s moneys where financial institutions provide unhedged guaranteed minimum returns. A form of market risk also arises where banks accept financial instruments exposed to market price volatility as collateral for loans. Poor market risk management practises can lead to significant losses very quickly in volatile market conditions and also complete institutional collapse in severe situations.

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Central Bank and the Economy

Regular readers of this column over the years would most certainly have been exposed to a different perspective on the operation of the Nigerian economy. However, even if such adherents of the column accept the rationale of our proposals, and indeed, find them plausible; they may rightly wonder why the government and its responsible agents for monetary policy have turned deaf ears to what ordinarily makes a lot of sense with its huge potential for positively turning round the ravaged fortunes of our economy and our people.

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Housing firms, investors seek new financing options

The Association of Housing Corporations of Nigeria (AHCN) is aligning efforts with financial institutions in search of viable options for funding housing development, against the backdrop of shortage of funds and lack of mortgage finance for housing schemes in the country. Members of the association met recently with corporate investors, developers and mortgage institutions seeking
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The State of Health of teh Nigerian Banks

Globally, the importance of banks in an economy cannot be over-emphasised. Apart from playing the intermediation role of moving funds from the surplus to the deficit sectors of the economy, they act as the barometer that measures the “financial pressure” of an economy. The banking industry is the largest provider of funds to both the private and public sectors of the economy; it also provides developmental support to the key sectors of the economy. Stakeholders are thus sensitive to whatever positively or negatively affects the banking industry.

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The Noose gets tighter on Banks

Recently the Central Bank of Nigeria suspended the treatment of Commercial Papers and Bankers Acceptances by banks as off balance sheet items. This measure according to money market operators would trigger a fresh liquidity crisis in the industry as well as occasion increase in deposit rates, Babajide Komolafe writes.

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Femi Otedola: One Battle Too Many

By Lucky Fiakpa Battle-tested African Petroleum and its chairman, Mr. Femi Otedola, are in for another major legal tussle with Access Bank and this could take several years to decide given the Nigerian legal system, Lucky Fiakpa writes What could be the problem with African Petroleum Plc? The company has always been in the media
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