Managing Director, Ric Microfinance Bank Limited, who is also the Chairman, Lagos State Chapter of the National Association of Microfinance Banks, NAMBLag, Mr. Omololu Fatunbi, in this interview,  shares his views on the proposed increase in capital base of Microfinance Banks (MfBs), as well as how MfBs  are coping with the challenging economic situation.

THE Central Bank of Nigeria (CBN) last week released its Monetary, Credit, Foreign Trade and Exchange Guidelines for the 2018 and 2019 fiscal years, raising its money supply growth forecast  for 2018 to 10.98 percent. The CBN had earlier projected a money supply growth of 10.29 percent for 2018.

BANKS and other traditional financial services provider may lose 35 percent of their revenue to financial technology (fintech) companies by 2025. 

THERE are indications that the insurance industry may not meet the N1trillion premium income target set for 2020 following the refusal by many states to implement Group Life Insurance for their workers. This would force the industry to shift, for a second time, the target year for this land mark having failed the earlier 2012 target date.

FBN Holdings Plc has announced 178.8 percent growth in its Profit After Tax, PAT, for the year ended December 31, 2017.

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 […]