Who is a Microfinance Bank Customer?
Adolphus Abraham
February 17, 2020
By Adolphus Abraham My experience in microfinancing has been very interesting. At times my training in commercial banking clashes with the tenets of microfinancing because both are distinctive. I get calls often from potential borrowers requesting for various types of loans but my microfinancing orientation and the type of model we have chosen to run […]
Signs your company needs help with data protection in Nigeria
Michael IreneFebruary 13, 2020
By Michael Irene, PhD Twitter: @moshoke Email: mike@mireneglobalconsults.com.ng Data protection regulation has come to stay. It helps data protection authorities like the National Information Technology Development Agency(NITDA) regulate and audit data processing in companies. Many company’s stakeholders in Nigeria claim they are compliant with the new Nigerian data protection regulation but, upon closer inspection, one […]
Coronavirus, oil and Nigeria’s economy
Lukman OtunugaFebruary 10, 2020
By Lukman Otunuga, is FXTM Senior Research Analyst. It is hard to believe that oil prices have depreciated over 17% since the start of 2020. The coronavirus outbreak in China triggered shockwaves across the globe and rekindled fears over slowing global growth. As of today, oil remains one of the biggest casualties of the virus […]
The Issue of Single Obligor and Related Parties
Adolphus AbrahamFebruary 10, 2020
By Adolphus Abraham My previous editions on this column has addressed the notion that potential investors usually have when it comes to investing in the microfinance space and that is the misconception that they can use the MfB license to mop up free or cheap funds to fund other businesses where they have interest. As […]
Nigeria Monetary Policy Makers Balk at Rising Inflation
Lukman OtunugaFebruary 3, 2020
By Lukman Otunuga is FXTM Senior Research Analyst. In January, the Central Bank of Nigeria (CBN) decided to hold the lending interest rate at 13.5 percent and significantly increase the Cash Reserve Ratio (CRR) from 22.5 percent to 27.5 percent. Far from following the global easing trend, the CBN is taking steps to tighten monetary […]
Data mining in the era of data protection
Michael IreneFebruary 3, 2020
By Michael Irene, PhD Twitter: @moshoke Email: mike@mireneglobalconsults.com.ng There is a new saying: “data is the new oil”. It serves as a lubricant in many industries. To have more data is life for companies. As such, companies mine data in order to generate new information. David Hand, the British statistician, summarises data mining as “discovery […]
Insurance Contracts: Why IFRS 17?
Irene Peter AtoloFebruary 3, 2020
By Irene Peter Atolo FCA, ACCA(DipIFRS) FCIIN. To aid understanding, the essay is broken into the following sub-topics: 1. Introduction. 2. Definitions. 3. Why a Separate Standard for Insurance Companies? 4. What was the purpose of IFRS 4? 5. The defects of IFRS 4? 6. Why IFRS 17? 1. Introduction I entered the insurance industry in […]
When is the right time to pay Dividend?
Adolphus AbrahamJanuary 27, 2020
By Adolphus Abraham Going by the comments, responses and questions I have received since I disclosed my email validates my decision to introduce this column that specifically focuses on the interest of potential investors in the microfinance subsector. Someone wrote to ask for the right time to pay dividend. So I will take a break […]
The biggest winners of newly signed finance bill
Adesola AfolabiJanuary 20, 2020
When Muhammadu Buhari, Nigeria’s president, signed the finance bill into law last Monday, one of the things he said the bill will do is to support micro, small and medium entreprises (MSMEs), in line with the government’s ease of doing business reforms. The bill ensures that businesses with turnover less than N25 million in a […]
NITDA and its awareness program—Part II
Michael Irene, PhDJanuary 20, 2020
By Michael Irene, PhD Twitter: @moshoke Email: mike@mireneglobalconsults.com.ng Any data privacy regulation raises confusion, more thoughts, and sometimes, haphazard conclusions. This has been the case around the world. However, national data protection authorities rise to the occasion to address these obfuscations. Last week, in my article, I argued that NITDA, as Nigeria’s designated data protection […]