The leadership of the Organized Private Sector of Nigeria (OPSN) has asked the Presidency to explain the need for electricity tariff increase at a time when the nation’s economy is facing a potentially deep recession and Nigerians are going through increasing hardship. The OPSN comprises: the Nigerian Association of Chambers of Commerce Industry Mines and […]

The Standards Organisation of Nigeria (SON) ) has certified 13 manufacturers in the Federal Capital Territory (FCT) for maintaining consistency in the quality of their products. SON FCT Coordinator, Mr Gambo Dimka, said this at the organisation’s “Mandatory Conformity Assessment Programme (MANCAP) certificate presentation recently in Abuja. Dimka congratulated the manufacturers for embracing standards in […]

Director, Development Finance Department, CBN, Mr. Philip Yila Yusuf has said that the apex Bank has recovered over N400 billion out of about N600 billion it lent to farmers in its Commercial Agriculture Credit Scheme CACS.  He disclosed this during a virtual seminar organised by CBN for Financial Journalists . He also explained that the […]

Sterling Bank Plc, Nigeria’s leading commercial bank, has announced it is considering a new subsidiary as it transforms into a holding company. Under the new plan, the structure will consist of new subsidiaries, including a conventional bank and a Non-Interest Bank (NIB), following approval in principle recently obtained from the Central Bank of Nigeria (CBN). […]

Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has called on internal auditors of banks to adopt the various digital technologies to prevent fraud and annul the adverse impact of Covid-19 on the financial ecosystem. Speaking at the just concluded 47th Quarterly Meeting of the Association of Chief Audit Executives of Banks in Nigeria […]

The Nigeria Deposit Insurance Corporation (NDIC) Academy has been recertified and its accreditation renewed as a training service provider for various professionals in the banking industry for the next three years effective June, 2020 by the Council of the Chartered Institute of Bankers of Nigeria (CIBN).    The recertification, according to Mr. Saubana Ogunpola, Head […]

Following the effects of coronavirus pandemic on business landscape and the economy, 50 per cent of insurance businesses are done through digital platforms. The managing director/CEO, Anchor Insurance Company Limited, Mr. Ebose Augustine, who stated this at the recent inauguration of the new executives of the National Association of Insurance and Pension Correspondents(NAIPCO) sponsored by the […]