BANK customers are increasingly embracing social media for interaction with their banks, even as some banks have continued to leverage on these platforms to promote their products and services.

Wema Mobile banking suite as the name applies is a mobile banking app with an array of functionalities to meet your everyday banking needs. It is very secure with high-end banking functionalities, some of which include Card Control- the power of your WemaBank debit card in your hands, NFC peer to peer transfers, Transaction limit increase, Inbuilt SMS banking (for when there is no internet connection on the phone), Simplified transfer to saved beneficiaries, to mention a few.

FIRST Bank of Nigeria Limited has announced increased transaction limits on its FirstMobile Lifestyle app to a maximum daily limit of N150,000 without the use of a token and a total daily transaction limit of N1 million.

IN the first week of resumption of businesses across all markets in Nigeria and abroad in 2017, market results are raising three pressure points in Nigeria’s 2017 fiscal and economic outlook. At close of markets, weekend, the initial upticks in the international price of crude oil had reversed, Naira value to the USDollar had also reversed its initial stability in the unofficial segment while retail prices of household commodities spiked further, poking the consumer price index upwards.

The current state of the market creates both opportunities and challenges for investors. We believe that taking a portfolio approach to investing provides the best risk adjusted alternative to participating in the capital market. We provide a repertoire of products that will help investors to create portfolios with uncorrelated products. We became a multi-asset class exchange a few years ago and do offer exposure in equities, fixed income, ETFs (Golds, Bonds, Equities), real estate, REITs, etc.

You see, this information is just coming out and of course we are trying to identify the source, the parties concerned, and all that. If you remember, we were talking about brokers who are unlicensed to practice. It may shock you to know that we have not yet identified all of them. It is quite impossible to do so, because, we have some brokers that are not even members of NCRIB, and some of them are the ones actually doing a lot of government businesses.

THE last may not have been heard about the upsurge between the Management of the National Insurance Commission (NAICOM) and the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCTRE) over the restriction of the Union to junior staff.

On the overall, I think the industry experienced higher claims payment in 2016 than 2015. I don’t have the numbers to support it. But I have my own company internal numbers. I have also seen some publications in the press and I want to take it that the industry experienced higher claims payout in 2016 than prior year. The reasons are not farfetched.

INSURANCE industry is continuing to struggle with adverse image as it recorded lowest customer complaints redress amongst other sectors in 2016 at the Consumer Protection Council, CPC.

The value of transactions via mobile payment rose by 200 percent to N12 billion in eleven months, reflecting efforts by banks and non-bank financial institutions to encourage Nigerian to use their phones for banking and payment transactions.

New management started off January 2016. There had been a lot of changes on the board and there have been a lot of progress in terms of our performance. When, we started up, there were three main thrust of our strategies. First, we had a credit portfolio which we had to sort out. We have done a great job in working on that issue.

ACCESS Bank Plc has said that its N35 billion Commercial Paper would boost its liquidity management efforts in line with global best practices.

HOPES for effective recovery of lost grounds in the capital gains on Stanbic IBTC Bank Plc appeared dashed by market reversal, as the bank’s impressive results portended an equally impressive stock valuation outlook.

By Nkiruka Nnorom SINCE 2008 when the stock market crashed activities, both in the secondary and primary segments of the market have been down, particularly in the primary end of the market. Even in the primary market only very few Initial Public Offers, IPOs, and Public Offers have been recorded, while 2016 record zero following […]

The market has just resumed after the yuletide break. We can see that in the last three trading days of 2016, after Christmas holidays, the market was bullish and consequently, the All Share Index and market capitalisation went up. But after that and precisely in the first three trading days of the new year , we started experiencing profit takers and the market started to nose-dive.