Stakeholders seek end to petroleum sector illicit financial flows
With over $18 billion yearly losses to Illicit Financial Flows (IFFs) in Nigeria, stakeholders in the oil and gas, and financial services sectors...
Redefining micro lending with NCR’s N1.5 trillion loan portfolio
The signing into law of the bill for using movable assets as collateral, popularly known as Collateral Registry Act, precisely on May 30, 2017...
Kudos, knocks as experts reminisce about Nigeria’s financial sector
As 2019 begins, some financial experts reminiscing about Nigeria’s financial sector in 2018, say it recorded positive developments but not without challenges. Some of the positive developments, they noted included the stability of the foreign exchange market; the increase in financial inclusion rate, occasioned by the emergence of finance technology firms, which facilitated the increase.…
Poverty, infrastructure gap persist amid $48b oil earnings
Though Nigeria has in the past 10 years made about $484 billion from crude oil (about N150 trillion going by current exchange rate of N305/$1), the country’s level of poverty and infrastructure decay have reportedly moved from bad to world worst.
Budget passage continues to generate mixed feelings
Economic affairs analysts have continued to express mixed feelings over the possibility of implementing the 2018 budget estimates.
CIBN charges Senate on speedy passage of FSS 2020 bills
The Chartered Institute of Bankers of Nigeria (CBN) has called on the Senate to urgently pass the Financial System Strategy (FSS 2020) Bills into law to promote financial inclusion and strengthen electronic payment system in the country.
CIBN president seeks more awareness on financial inclusion
The President/Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola has called on all stakeholders in the financial services industry...
Caution optimism and Nigeria’s economy
The Central Bank of Nigeria (CBN), at its last Monetary Policy Committee meeting, retained all rates for a period of 16 months, since July 2016 when it adjusted it upwards from 13 per cent to 14 per cent. The move was more of a “single dose” approach to multiple challenges facing an economy soon to…
CIBN chief lists challenges of credit extension in banks
Nigerian banks have been faced with series of challenges over the years, which continue to make it difficult for them to extend the needed loans for productive activities to the real sector.