AllAfrica News: Banking and Insurance
Poet Mbizo Chirasha has written an anthology in praise of Dr Gideon Gono, the Governor of the Reserve Bank of Zimbabwe.
Zimbabwe: Mbizo Chirasha Praises Gono
A renowned economist Mr. Sanusi Lamido Sanusi has formally assumed duty as the Managing Director/ Chief Executive of the First Bank Plc on January 1. He succeeded Mr. Jacobs Moyo Ajekigbe who retired from the service on December 31, 2008.
Nigeria: Lamido Takes Over As First Bank CEO
In spite of all the challenges of 2008, the bank recorded impressive growth in all its performance indices, Lucky Fiakpa writes
Nigeria: Skye Bank Profit Up 172 Percent
The year 2008 will always be remembered by the banking industry as one of those years of turmoil and crisis. Whilst there were a lot of positive development in the industry during the year, the magnitude of the crisis which gripped the industry towards the end of the year, a fall- out of the global financial crisis, overshadows the effect of the positive development.
Nigeria: 2008 - Turbulent And Bad Year for Stocks And Banks' Shares
Managing Director, Zenith Bank Plc, Mr. Jim Ovia, has called for a healthier strategic public private partnership to engender institutional building in the face of emerging challenges in the country.
Nigeria: Our Projections for 2009, By Jim Ovia
The net foreign assets of Nigeria's universal banks amounted to N172.3billion or $9.9billion in June, 2008, indicating an increase of 20.7 per cent over N791.14billion or $6.7billion recorded in June, 2007, the Central Bank has said in its half year report for 2008.
Nigeria: Banks' Foreign Assets Hit N172.3 Billion
Mr. Chris Ashibuogwu is the director of Technical and Scientific Service Ltd, a company involved in importation and supply of educational teaching equipment, especially laboratories. In this interview, he narrates his ugly experience with a Nigerian bank while attempting to transfer some money through the bank. Excerpts.
Nigeria: 'Union Bank Should Settle the Reconciled Debts'
West Africa Bankers Association (WABA) has set up a fresh committee for the implementation of the proposed West Africa Inter-bank Payment System (WAIPS).
West Africa: WABA Reconstitutes Implementation Committee
Insurance operators are full of expectations in the New Year, having jointly laid a solid foundation for business growth in the past 12 months.
Nigeria: Expectations of Insurers in 2009
The Federal Government through the Office of the Accountant-General of the Federation has directed all banks in which ministries, departments and agencies (MDAs) maintain accounts to forward to it all outstanding balances of such MDAs as at December 31, 2008.
Nigeria: Unspent Funds - FG Orders Banks to Report Balances
The Managing Director, International Energy Insurance Plc (IEI), Jacob Erhabor, has raised an alarm that the 49 insurance and two reinsurance companies in the country risk being sanctioned over the continuous fall in the prices of shares quoted on the floor of the Nigerian Stock Exchange (NSE).
Nigeria: 'Insurers Risk Sanctions Over Investment Income'
The House of Representatives Committee on Power has recommended that the Economic and Financial Crimes Commission (EFCC) be invited to investigate the Office of the Accountant-General of the Federation and the Central Bank (CBN).
Nigeria: Anti-Corruption Body to Probe Central Bank
THE introduction of the Foreign Exchange Licensed Warehouses and Retail Shops facility authorising businesses to sell goods and services in foreign currency, and the mushrooming of other unlicensed outlets has dealt a near-death blow to the illegal foreign currency market as fewer people are changing their hard currency into Zimbabwe dollars.
Zimbabwe: Few Shops Use Zim Dollars
THE Chairman of the Nigerian Medical Association (NMA), Edo State chapter, Dr Osahon Enabulele, has called on the state government to increase funding in the healthcare sector in the state, saying that the state of health facilities in the state is appalling.
Nigeria: NMA Boss Seeks Better Funding of Healthcare Sector in Edo
To ensure equitable socio-economic de-velopment, the Kano state government has allocated the sum of N200million to support the establishment of micro-finance banks by entrepreneurs and communities across the state.
Nigeria: Kano Supports Micro Banks With N200 Million
The nation's banks have again been slammed for aiding and abetting kidnapping and piracy in the country's territorial waters. This is coming despite spirited denials by the indicted banks which LEADERSHIP would not name at this stage.
Nigeria: Banks Indicted in N3 Billion Loss to Kidnappers
Finbank Plc has announced the launch of four consumer products to empower its customers to live out their dream live style. The products include: FinBank Rent Assistance Product, FinBank Laptop Acquisition Scheme, FinBank Hajj/Umra Account and FinBank Bureau de Change Customers Product.
Nigeria: Finbank Rolls Out Four Consumer Products
The Federal Government may order the arrest of owners of ADC Airlines over their non-payment of compensation to families of victims of the crash of its airliner in Abuja on October 29, 2006.
Nigeria: ADC Airline Owners Face Arrest
Today is significant in the history of First Bank of Nigeria Plc because it is the day that Sanusi Lamido Sanusi formally commences his tenure as the Managing Director and Chief Executive Officer of the bank.
Nigeria: As Lamido Sanusi Begins Ride of Elephant
Nigeria Civil Aviation Authority (NCAA) has concluded plans to provide insurance cover to all air travellers in the country.
Nigeria: FG to Provide Insurance Cover to Air Travellers
Former President of the Institute of Chartered Accountants of Nigeria (ICAN) and Vice Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Senator Felix Kolawole Bajomo tells Sufuyan Ojeifo why the Upper House expeditiously passed the 2009 budget. He also speaks on other pertinent economic issues, including the global financial meltdown and the state of the nation's banking sector
Nigeria: Why 2009 Budget Was Passed Early - Bajomo
The Central Bank of Nigeria (CBN) has very wisely (in my view) decided in the interim not to directly commit fresh resources into the banking sector in response to the ongoing global financial crisis and its concomitant effects on the Nigerian equities market.
Nigeria: CBN's New-Look Discount Window
The staff of Spring Bank are currently under pressure by some vested interest to resist the acquisition of the Bank by Bank PHB.
Nigeria: Spring Bank Workers Under Pressure to Resist Acquisition
Investing in Guaranty Trust Bank (GTBank) at the prevailing price of about N12 per share will make a good buy.
Nigeria: GTBank Makes Good Entry Point
CFX Bank managing director and chief executive Mr Onesimo Mukumba has resigned.
Zimbabwe: CFX Bank Chief Quits
Niger Insurance Plc has set in motion machineries geared towards spreading insurance to the nooks and crannies of the country, just as it has increased its regional offices from four to six.
Nigeria: Niger Insurance Increases Regional Offices
In a bid to strengthen its IT resilience, Springbank Nigeria Plc has engaged one of West Africa's foremost IT solutions provider, Global InfoSwift Technologies and their Strategic Partner Atos Origin to assess the bank's existing IT environment in order to gain insight into the IT delivery capability, alignment to business requirements and general health.
Nigeria: Global Infoswift, Atos Origin to Service Springbank's IT Environment
Regency Alliance Insurance Plc is to focus on profitability and professionalism in 2009. This agenda was set at the company's management retreat held recently in Lagos.
Nigeria: Regency Allinace Focuses on Profit in 2009
Chairman, Nigeria Insurers Association (NIA), Mr. Wole Oshin, has expressed doubt over the ability of the insurance industry to handle 70 per cent of the market in the oil and gas sector of the nation's economy.
Nigeria: Insurance Industry Cannot Take 70 Percent of Oil and Gas Market - NIA Chairman
Standard Alliance Insurance Plc has recorded N1.18bn as profit before tax from its operations in the third quarter of this year.
Nigeria: SA Insurance Posts N1.18 Billion Profit in Third Quarter