Nigeria’s resilience against global risks

December 3, 2019

By Lukman Otunuga   There was a collective sigh of relief across the Nigerian economy in November after official reports confirmed that economic growth accelerated to 2.3% during the third quarter of 2019. Given how this rate of growth represents the second-highest quarterly rate witnessed since 2016, Nigeria is certainly displaying a measure of resilience […]

Getting the Board on board GRC implementation

December 3, 2019

By Dr. Emmanuel Moore ABOLO   Without the board’s direction and support, efforts to implement an effective GRC process are destined to fail. It is therefore important for the board and its senior management team to develop a GRC-aware culture that operates within the agreed risk appetite that aligns with the organisation’s corporate strategy. To […]

How much money do you need?

December 3, 2019

By Adolphus Abraham   I have received several calls in the recent past from people calling to say they have saved N20 million and they would like to float an MfB with it. My friend, I am usually glad to tell them that their money was inadequate for obtaining an MfB license. Prior to April 2019, once […]

On statement of changes in equity

December 3, 2019

By Irene Peter  Atolo, FCA, FCIIN   My grandpa was a farmer. The major products on his farm were yam, rice, and maize. In addition to that, he reared domesticated animals like goats and sheep. The family compound was big, walled and gated. Every evening, he drove all the animals into the compound and dutifully counted […]

Brief thought on data protection compliance

December 3, 2019

By Michael Irene, PhD   If anything, data protection compliance is something slightly new in Nigeria. It is new because Nigerian Data Protection Regulation (NDPR) is in its infant stages. As such, data compliance is relatively a new concept.  The chance of any Nigerian company attaining a hundred percent compliance is minuscule. This article points […]

Introspection on data protection (3)

November 26, 2019

By Michael Irene, PhD   Nigerian companies must rebuild their dynamics to not only fit in what is called privacy-by-design but also ensure they maintain a privacy-by-default approach. They must also pay attention to the dynamic of their business and how it factors the Nigerian Data Protection Regulation. Compliance with GDPR is an opportunity for […]

Getting the Board on board GRC implementation

November 25, 2019

By Dr. Emmanuel Moore ABOLO   GRC is about a philosophy of business in which the organization is looking at governance, risk, and compliance [GRC] from a holistic perspective across islands of responsibility. In the past and in many organisations, these islands of responsibility were not communicating with each other causing significant issues and a […]

Microfinance Clinic

November 25, 2019

By Adolphus Abraham   A few days ago I was invited to speak on Microfinance and Entrepreneurs: Opportunities and Options at The Enterprise Hubs Open Day; a topic and incidence that have now led to this column. The Enterprise Hubs is a one-stop location that portends great meeting opportunity for businesses. While preparing my slides, […]

Introspection on data protection (2)

November 18, 2019

By Michael Irene Twitter: @moshoke   Having got a historical glimpse of data protection regulations and its motivations, can one conclude that companies like MTN, Infinix, just to mention those two, who collect and process personal data about Nigerians violate human rights? The simple and short answer is yes. Read Infinix’s privacy policy and you […]

Will Central Bank of Nigeria cut interest rates in November?

November 18, 2019

By Lukman Otunuga     Nigeria inflation report under the spotlight Dollar supported by lingering risk-off mood Gold extends rebound on weak China data   Rising inflationary pressures are certainly weakening the case for the Central Bank of Nigeria to cut interest rates from 13.5% anytime soon. Investor expectations over a November rate cut have […]