By Ifeanyi Onuba Hopes of a decrease in lending rates to businesses by banks were dashed on Monday as the Central Bank of Nigeria again raised the benchmark lending rate by 50 basis points to 9.25 per cent. The decision was announced by the apex bank Governor, Mr. Lamido Sanusi, […]

By Ademola Alawiye If everything goes as planned at the Extraordinary General Meetings of the five rescued Deposit Money Banks that have yet to conclude their recapitalisation deals, the Asset Management Corporation will inject fresh N800bn into them. The Managing Director, AMCON, Mr. Mustafa Chike-Obi, said in Lagos on Monday […]

In this interview with NIKE POPOOLA, the Commissioner for Insurance, Mr. Fola Daniel, explains the major factors that may shape the insurance sector, especially under the current reforms in the financial sector. Why did the National Insurance Commission set up the Anti-money Laundering and Combating the Financing of Terrorism units? […]