The increasing incidence of fraudulent practices in the microfinance banking sub-sector indicate that the sub-sector may have been hijacked by fraudsters and quacks threatening the effectiveness of a policy aimed at creating millions of jobs and reducing poverty, Babajide Komolafe writes.Read More
The Central Bank of Nigeria under Sanusiâ€™s watch made scape-goats of five managing directors of banks over the weekend for serious liquidity strain as it has made it known from the onset that it would not accept any form recklessness in its oversight functions of banks in the country, Lucky Fiakpa writesRead More
Investorsâ€™ woes heightened last week, as the value of their investment on the Nigerian Stock Exchange (NSE) dipped by N262.4 billion.
The dip in their investment value was engendered by continuous decline in the key market indices, represented by the market capitalisation and All-share index. Both the capitalisation and index depreciated by 4.51 per cent each.
A real estate conference to discuss how to develop and sustain foreign investor confidence for Nigerian mortgages, and expand the mortgage industry is to hold in Lagos on August 18 and 19.Read More
A new 128-unit residential housing scheme has been unveiled by the military authorities to ease accommodation problems for officers and men working at the Defence Headquarters (DHQ) in Abuja.Read More
FCT to Spend N15bn on Satellite Towns The Federal Capital Territory(FCT) administration will commit N15billion to the development of satellite towns in 2010.Read More
The Federal and State governments in the country have been urged to give priority to housing development in national planning and budgetary allocations.Read More
Last week we looked at the commonly used tricks by ATM fraudsters such as Phishing, Shoulder Surfing and Social Engineering. This week we will delve deeper into the more sophisticated tricks used.Read More
No rational person will decry communal debt accumulation if the proceeds were directly applied to the alleviation of critical areas of deprivation, such that the repayment terms and cost of servicing the loan pale into insignificance when compared with the social and welfare benefits which will be enjoyed by the community over time.Read More
The patience of National Insurance Commission and the Nigeria Insurers Association on insurance companies undermining rules and regulations in the industry appear to have run out as they read out the riot act to all unethical companies to repent or be dealt with, Patience Saghana writes.Read More
Mr Larry Ademoso, Managing Director of Royal Exchange Prudential Life Plc in this interview with Patience Saghana relays his experiences in the insurance industry, the prospects and potentials that abound in life insurance business and the role of government in boosting life business in this country. ExcerptsRead More
Manufacturers to pay more for gas as NNPC benchmark its price with current market price of low pour fuel oil published monthly by the Pipeline and Products Marketing Company (PPMC) a subsidiary of the Nigerian National Petroleum Corporation, Franklin Alli reports>Read More
The current reform of the banking sector by the new Central Bank of Nigeria governor is no doubt forcing bitter pills down the throat of bank directors and shareholders but the International Monetary Funds is not only throwing its weight behind it but says it is the right path for the country to tread at the momentRead More
A bullish trend was recorded on the Nigerian Stock Exchange (NSE), last week, as the value of listed equities, driven by gains on the share prices of blue chip companies, went up by N21.98 billion.Read More
UK-based financial and business training experts, Regal Exchange & Associates Limited, has announced the commencement of a two-day leadership course Expert Negotiator – in Accra, Ghana from 20th – 21st August 2009.Read More