BANKS and other financial institutions (OFIs) are beginning to see the need to explore cyber-insurance as a means of alleviating the impact of electronic payment fraud and other cyber crimes in the country.

THE Federal Government is targeting  banks and insurance companies to finance the national shipping carrier, following the withdrawal of a Singaporean liner, Pacific International Lines (PIL), from the initiative.

With regards to overall performance of the company, we operate within Nigeria and understand that those economic challenges were with us and they are improving gradually. But our focus has always been for the medium term and long term. Therefore you would find even in the past when we had profits there were years we had profit but we decided ourselves to defer and plow back as much of the profit as possible into the capital position of the firm.

The Lagos Chamber of Commerce and Industry, LCCI, at the weekend said late passage of the budget is a threat to achieving the ERGP targets and to Nigeria’s goal of becoming one of the top 20 economies by 2020.

Michael Larbie is the Chief Executive Officer of Rand Merchant Bank Nigeria, a subsidiary of FirstRand of South Africa, which last week achieved five years of operations. In this interview, he spoke about the bank’s experience and efforts to distinguish itself in the highly competitive Nigerian banking industry, as well as its outlook for the economy.

Mallam Garba Kurfi, is the Managing Director/CEO, APT Securities and Funds Limited. In this interview, he said that faithful implementation by the Pension Fund Administrators, PFAs, of the multi-fund investment structure approved by the Pension Commission, PenCom, will impact the equities, but doubt the ability of the PFAs to fully comply with the rule due to the observed past failures.

LAST week some stock analysts began review of their positions on some blue chip companies and one of them reviewed was Flour Mills of Nigeria Plc. Analysts’ position on the company was, however, reiteration of a positive outlook taking into consideration the firm’s historical performance, improving metrics and strategic positioning. However, analysts at Cardinal Stone Partners made adjustments to their estimates and projections, and consequently slightly revised their target price upwards to N46.64 (previous:N44.90). But they retained their BUYrating on the counter.

THE federal government will borrow N1 trillion from the domestic market and N900 billion from the international market  to finance the N1.95 trillion budget deficit for the 2018 fiscal year.

THE Nigerian Stock Exchange, NSE, has enjoined the governments, industries and communities in Nigeria to join hands in fight against plastic pollution by exploring sustainable alternatives and reducing the production and excessive use of single-use plastic polluting oceans, damaging marine life and threatening human health.

ASSOCIATION of Bureaux De Change Operators of Nigeria (ABCON) and the Nigeria Drug Law Enforcement Agency (NDLEA) have pledged to collaborate to enhance anti money laundering measures in the bureaux de change (BDC) industry.