This is a continuation of the series on Diamond Bank’s offers for small businesses which we started three weeks ago (every Thursday).

THE World Bank has collaborated with the Global Covenant of Mayors for Climate & Energy to provide technical assistance and $4.5 billion in funding to help cities around the world better prepare for and respond to the impacts of climate change, under the World Bank’s City Resilience Program (CRP).

We have been looking at the issue of identification cards that will not just be means of identification for retirees but they will be able to use it for some other things, such as access to medical care and transportation on Lagos buses. We are fine-tuning it.

Unfortunately for us in Nigeria, merchant banking has not been fully tapped into. The most common is retail banking where every person is establishing branches and acquiring a lot of retail customers. So, we have decided that we are going to do merchant banking and do it the way it ought to be. Four merchant banks plus Nova, that is five, we believe is still very little for Nigeria.

NIGERIA’s electronic payment industry struggled to grow in 2017, constrained by the impact of  economic recession and inflation on the purchasing power of Nigerians and decline in awareness campaign  to discourage cash based transactions.

PRESIDENT/Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote has said that two insurance companies have refused to pay about N400 million claims being owed subsidiaries of the Group since 2016.

THE Association of Micro Entrepreneurs of Nigeria (AMEN) has called on the federal government to intervene in an issue concerning the evacuation notice issued to them by the authorities of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on January 29, 2018. The President of  AMEN, Mr. Fredrick Nwokeleme made this call on Friday during a press briefing in Lagos.

THE National Insurance Commission, NAICOM, has said that the Index Based Agricultural Insurance, IBAI, will expand insurance products for agricultural lending from the current coverage of  0.5 million  to 3.8 million agricultural primary producers.

LINKAGE Assurance Plc in collaboration with the Niger Delta University (NDU) has commenced moves to harness exceptional talents for the nation’s insurance industry.

THE sharp increase in cost of funds in the interbank money market last week will persist this week, following the N275 billion liquidity mop up by the Central Bank of Nigeria (CBN).