“A N40,000 family premium on Lagos Health Insurance Scheme can save you from N250,000 emergency
Phillip IsakpaOctober 29, 2019
Nigerians have a legendary apathy towards insurance generally. But government knows that to provide reasonable measure of healthcare to the population it must resort to health insurance and try to get citizens to take it up. The Lagos State Government, recognising the enormous funds required to provide healthcare for a population estimated at over 21 […]
CBN’s retention of MPR pushing riskier investments to the edge – Kurfi, CEO, APT Securities & Funds
Omobayo AzeezSeptember 30, 2019
Mallam Kasimu Garba Kurfi is the Managing Director/Chief Executive Officer of the APT Securities and Funds Limited, and a prominent player in the Nigerian capital market. Kurfi exclusively spoke to OMOBAYO AZEEZ of Business a.m. on Friday. Among other issues, he addressed the state of the economy, capital market’s rise and fall, government’ budget and […]
Restructure education to support entrepreneurship, and provide funds with low interest rates for small businesses to thrive – Ada Osuagwu
Kenneth AforSeptember 23, 2019
Running a business in Nigeria, especially in the service or manufacturing, requires extra effort from the owners to meet up with customers’ demand and to constantly initiate new sales models to keep the business afloat. To keep up with these obligations, small business owners in the country are faced with a high rate of infrastructural […]
Nigerian importers can save N25.3bn capital flight on CIF by going FOB, says Adebakin, CEO, FOB Global Logistics
Samson EchanimAugust 26, 2019
Nigerian importers keep losing big to foreign trade partners under Cost, Insurance and Freight (CIF) terms. In fact, Nigerian importers paid $25.3 billion in freight to foreign shipping lines under the CIF regime between 2015 and 2017, according to statistics from the Nigerian Maritime Administration and Safety Agency (NIMASA). In this international trade web that […]
‘Nigeria’s economic growth to remain wobbly with underdeveloped insurance sector’
Adesola AfolabiAugust 19, 2019
The state of Nigeria’s insurance industry has long been a cause for concern for its operators, as well as past and current administrations. In this interview with business a.m.’s ADESOLA AFOLABI, the Executive Secretary and CEO of the Nigerian Council of Registered Insurance Brokers (NCRIB), FATAI ADEGBENRO, assesses the performance of the insurance industry in […]
CBN’s 60% LDR is good but requires focal lending thrusts to grow economy – Nwoke
Tola AkimutimiAugust 12, 2019
ROGERS NWOKE, a chartered banker and certified financial inclusion expert, has over the past 10 years served as the Managing Director, HASAL Microfinance Bank Limited. In this interview with TOLA AKINMUTIMI, the seasoned banker and current President of the National Association of Microfinance Banks (NAMB), speaks on sundry constraints hampering MFBs’ roles in the nation’s […]
Beyond recapitalisation, micro finance banks need effective corporate governance, risk management architecture
Phillip IsakpaAugust 5, 2019
The gale of recapitalisation is currently sweeping through the financial services sector with new capital requirements already set by regulators in the banking and insurance industry. In the banking sector, microfinance banks have been set new minimum capital base they need to meet between 2020 and 2021, and these range from N50 million to N5 […]
Data hosting is next “oil money,” but it’s also Nigeria’s biggest security problem —Adamu Garba, CEO IPI Solutions Ltd
Samson EchenimJuly 31, 2019
Data domiciliation and control is currently one of world’s biggest markets, but Nigeria is still nowhere to be found in what appears to be the biggest source of its capital flight. Adamu Garba, CEO of IPI Solutions Limited and owner of local hosting platform, TucanaNG, in this interview with SAMSON ECHENIM, speaks on his company’s […]
GDP is useless; oil money is useless, if they don’t impact people’s lives – Ijewere
Tola AkinmutimiJuly 8, 2019
EMMANUEL IJEWERE, one of Nigeria’s most eminent accountants and businessmen, has had wide ranging experience across banking, finance and agriculture. A past president of the Institute of Chartered Accountants of Nigeria (ICAN), the Institute of Directors (IOD), and the Nigerian Red Cross, he is the national coordinator of Nigeria Agribusiness Group (NAGB). He holds chairmanships […]
Nigeria’s a weak player in global commodities play, but investment bankers can drive growth by creating viable financial instruments
Phillip IsakpaJuly 1, 2019
Commodities trading is huge globally. For many years, Nigeria has been trying to create more organised and formalised commodities trading platforms for soft, wet and hard commodities, with emphasis on agricultural commodities. Such a system offers tremendious opportunities for individuals, groups and the economy. Last Thursday in Lagos, at the monthly business a.m./GTI Finance & […]