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MfBs reject N20m proposed capital for unit operators

Microfinance Banks (MfBs) have rejected the N20 million capital proposed by the Central Bank of Nigeria (CBN) for unit operators. ... Full story

Declining Trend in Foreign Portfolio Investment on NSE Yet to Abate

Indications emerged at the weekend that the declining trend in the flow of foreign portfolio investment in equity trading on the Nigerian stock market is yet to abate as ... Full story

Transaction Fees: CRFFN and Warring Freight Forwarders on the Path of Truce

Apparently feeling the hard bite of a prolonged disagreement on a number of issues in the freight forwarding industry, including the sharing formula of transaction fees ... Full story

Anticipation of 2012 Results Jolts Bank Stocks

As members of the investing public brace up for the release of the 2012 financial reports of quoted banks, investigations have shown a modest improvement in the values ... Full story

When States Pile up Debts

State governments will continue to go the extra mile in raising funds for developmental projects, but analysts warn that piling up debts instead of complimenting ... Full story

New Deal with Labour Raises Prospect of Mainstreet Bank’s Repositioning

The resolution of the labour crisis triggered off by the reorganisation embarked upon by the management of Mainstreet Bank has cleared the way for the completion of the ... Full story

Bank Workers Jittery as Pressure on Deposit Mobilisation Heats Up

Although the banking community including shareholders, bankers, customers and regulators are waiting with baited breath for the year 2012 financial performance of ... Full story

Management Expenses Gulp 80 % of Insurance Firms Income, Says NAICOM

The National Insurance Commission (NAICOM) has disclosed that 80 per cent of the total incomes of insurance firms are spent on management financing of the company. ... Full story

Aig-Imoukhuede: Unsung Hero of Fuel Subsidy Probe

Aigboje Aig-Imoukhuede is well respected in the banking circle for his daring moves, one of which was the merger between Access Bank and Intercontinental Bank in 2011. ... Full story

CBN Votes for Existing Ratio, Maintains Grips on MPR

For the second time this year, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has decided to maintain the existing ratio at its Monetary Policy ... Full story

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