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CBN, ICAN advocate safer e-payment systems

By Stanley Opara Thursday, 21 Oct 2010 The Central Bank of Nigeria and the Institute of Chartered Accountants of Nigeria have reiterated the need for safer and seamless electronic payment systems in Nigeria. They noted that the Nigerian economy had huge growth potential, adding that effective adoption of the e-payment system […]

European growth to be weaker next year – IMF

By Agency Reporter Thursday, 21 Oct 2010 Europe‘s growth next year will be at levels weaker than this year‘s, according to the latest International Monetary Fund European Economic Outlook. ”Despite recent strength, however, the upswing in advanced Europe is projected to remain weak by historical standards and also compared with other […]

Fidelity National to task banks over foreclosure warranty

By Agency Reporter Thursday, 21 Oct 2010 Fidelity National Financial Incorporated, the largest United States title insurer by market share, will require lenders to sign a warranty assuring their paperwork is sound before backing sales of foreclosed homes. An indemnity covering ”incompetent or erroneous affidavit testimony or documentation” must be signed […]