Conventional savings becoming unattractive as risk free short term loans mop up liquid cash

The Nigerian banking industry continues to find it extremely difficult to mobilise deposits from institutional investors such as pension fund administrators (PFA), insurance companies, and individuals. Indeed,  deposit money banks (DMBs) cannot resist the charms of treasury bills yield, thus causing a fundamental breakdown in financing chain in the country. Bank lending is statistically and […]

Nigeria’s VAIDS may not stop capital flight, says foreign expert

Alex Booth, an associate managing director with Kroll, a corporate investigations and risk consulting firm, has advised the Nigerian government and other governments in African countries to improve on policies aimed at curbing illicit financial flows as well as capital flight. According to him, initiatives such as Nigeria’s Voluntary Assets and Income Declaration Scheme (VAIDS) […]