At the second edition of the Vanguard Newspapers’ Economic Discourse with the theme; “Economy in Rebound: The Pitfalls, Trajectories and Resetting”, held in Lagos two weeks ago, Mr. Kyari Abba Bukar, one of the lead discussants at the event, in a post-event interview reinforced some of the points raised by the keynote speaker, Mr. Bode Agusto, a renowned economist and financial expert.  Bukar emphasised the need for the government to adopt an economic and institutional reform that will open up the economy with a view to attracting local and foreign investors.

UNITED States Foreign Commercial Service in collaboration with Clements Worldwide, a global insurance solutions provider, has emphasized the need for multinational organizations to embrace cutting-edge insurance solutions that offer protection to their staff and assets deployed in risk prone areas.

THE National Insurance Commission, NAICOM, has queried the financial statements of Equity Assurance Plc, Zenith Life Assurance Company as well as Zenith General Insurance Company.

THE stock market reversed its bearish trend last week and market observers believe a relative stability would be sustained this week. The driver of the stability is obviously, the first quarter 2018 (Q1’18) earnings report of corporate entities which can be described as impressive. Below are the highlights of some of the financial results already received at the Nigerian Stock Exchange as at last weekend

Head, Internal Control and Audit, Olive Microfinance Bank Limited, Mr. Agbai Egbu, in this interview said that the Central Bank of Nigeria, CBN must enforce collateral registry on Microfinance Banks, MfBs operating in the country to drive the process, so as to achieve the aim for which it was initiated, while highlighting that the planned […]

The ability of banks to expand credit to the real sector will define the nature of competition in the banking industry in 2018.

The  readimission  of Nigeria  into the J.P Morgan Government Bond Index-Emerging Market (GBI-EM) is imminent following the successful operation of the Investors and Exporters (I&E) window for one year with turnover of $45 billion.

KPMG Nigeria has said  that Foreign Exchange (Forex) and crude oil price volatility are among the top ten risks for Nigerian businesses in 2018, even as the nation’s business environment shows encouraging signs of improvement through resurgence in consumer confidence and moderating inflation.

THE N633 billion upsurge in credit to the private sector in February has been greeted with divergent outlooks for the overall growth in credit to the sector in 2018, with some analysts urging caution while others project continued growth.

It is our plan that before the end of the year, the commercial banks, and the financial institutions that meet our legitimate criteria would be signed on

THE Dark Ages ended in Europe over three hundred years ago. Nigerian Historians of the future might eventually come to regard our era as a continuation of the Dark Age in the, well, Dark continent. Professor Wole Soyinka declared our generation as the Lost Generation. He would have to find another word from his Thesaurus to describe the generations coming after. People become repetitive in old age and I will soon turn 74.

ECOBANK Transnational Incorporated (ETI) and its two affiliate countries Nigeria and Ghana have emerged winners in three strategic categories of The Asian Banker – West Africa Awards 2018. The annual awards saw ETI emerging the Best Financial Inclusion Initiative, Application or Programme with its innovative Xpress Account, while Ecobank Nigeria carted away Best Transaction Bank in Nigeria, West Africa award and Ecobank Ghana also won Best Transaction Bank in Ghana, West Africa.

Credit to private sector  rose by N633  billion to N22.6 trillion  in February, surpassing credit to the government which rose by N161 billion  to N4.29 trillion during the month.

Director General of the Debt Management Office, DMO, Ms. Patience Oniha, has said that Nigerian banks are still refusing to lend money to the real sector despite that the federal government’s release of about N400 billion into the economy last December to redeem some government securities.

Nigeria’s quest to attract foreign investment inflow may continue to be a mirage unless contractual obligations and agreements are respected by the government, Muda Yusuf, Director-General, Lagos Chamber of Commerce and Industries, LCCI said.