Sterling Bank unveils ‘Children’s Day’ initiative
Sterling Bank Plc its young customers are in for a good moment as the Bank rolls out plans to celebrate the 2015 Children Day under its I Can Save Account. Already, top on the agenda is the presentation of gifts to eligible customers and the promotion of a social media campaign encouraging parents to post…
PCI SSC re-elects First Bank on Board of advisors
FIRST Bank of Nigeria Limited has reaffirmed its leadership position in corporate governance and risk management with its re-election into the Board of Advisors of the Payment Card Industry Security Standards Council (PCI SSC) for the second time.
Why CBN harmonised public, private sectors’ reserve requirements
THE Central Bank of Nigeria (CBN) said the positive effects of the successful general elections on the economy and anticipated goodwill that would stem the spate of capital reversal, pressure in the foreign exchange market and stabilize the financial markets, aided its decision to harmonise the Cash Reserve Requirement (CRR) for the private and public sectors.
Fiscal indiscipline and stakeholders’ appeal
The long running battle against profligacy, facilitated by fiscal indiscipline has now turned into a survival threat to the economy. CHIJIOKE NELSON writes on the current challenges, posterity issues and stakeholders appeal for change of the status quo.
Stanbic IBTC partners business school on financing S
STANBIC IBTC Bank, a member of Stanbic IBTC Holdings Plc, and IE Business School, a leading business school in Spain, have signed a direct financing agreement to help people acquire the relevant skills in entrepreneurship and business.
Rebasing Nigeria’s tax system to save economy
Indications from revised calculations of the nation’s tax revenue to Gross Domestic Product (GDP) after the rebasing of the economy last year by an independent source showed that it is far below 10 per cent, contrary to the 12 per cent presented by government.
TETFund: Investing To Revamp Nigeria’s Tertiary Education Sector
PERMIT me to start this piece with a quote from the Executive Secretary of Tertiary Education Trust Fund (TETFund), Prof. Suleiman Elias Bogoro. He once said: “We have antecedents in this country that when education is given premium, it will yield dividends”. It is worthy of note to profess that tertiary education in Nigeria has…
‘Air Transport Liberalisation Would Benefit Consumers, Increase Trade Links And Stimulate Economic Growth’
Manoj Gopi Nair is the Regional Manager, West Africa, Emirates. In this exchange with OLAWUNMI OJO, he speaks on the operations of the Emirates Group on the continent, especially in the West African sub-region, how they have been fostering immense trade relationships and, in the process, helping to shape Africa’s future economic outlook. COULD you…
Nigerian banks’approach to sustainability
FROM the 1968 United Nations’ Biosphere Conference, Paris, to 2007, when Australia signed the Kyoto Protocol on climate, the word “sustainability” has elicited no fewer than 27 international conferences that require ratification and domestication by individual countries and some corporate organisations.
‘Retail credit’s growth, confidence in banking hinged on BVN’
The Nigeria Interbank Settlement System (NIBSS), said the unique ability of the Bank Verification Number (BVN) initiative to identify fraudulent customers in the banking system, leading to their blacklisting, will help to boost retail credit in the industry.
CBN’s stake on banks’ IT standards, compliance
The banking industry’s Information Technology (IT) architecture, just like every other aspects in the sector, has had its own reforms, in the recent times. Of course, the aim is to ensure that banks adopt global best practices, as the Central Bank of Nigeria (CBN) takes the lead in introducing guidelines and framework for the industry.