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In Paradigm Shift, Women Take Over Banking Sector

By Obinna Chima The banking industry has made a dramatic leap in its Nigerian Sustainable Banking Principles (NSBP) with the recent appointments of two females as Chief Executive Officers (CEOs). The coming on board of the CEOs, Mrs. Miriam Olusanya for Guaranty Trust Bank (GTBank) and Mrs. Yemisi Edun for First City Monument Bank (FCMB) Limited, marks an important paradigm shift in the approach to decision-making and management with regard to gender at the highest levels of the Nigerian banking industry. The NSBP states that as part of a wider sustainable banking commitment, the industry should work towards 40 per cent female representation at top management and boards levels.

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Why Nigeria s revenue can t support debt service – Experts

Concerned over this, some experts and analysts in the financial sector doubt if the current borrowing model to support budget deficits is sustainable in the long run. According to the Debt Management Office (DMO), as of March 2021, Nigeria’s public debt stock is N33.107tr or $87.230bn. This approved $6.18bn borrowing could shoot the figure to about $93.413bn or N35.510tr. The Director General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, had, during the 2021 Annual General Meeting (AGM) of the African Development Bank (AfDB) in June, expressed concern that African countries growth prospects were further compromised by debt burden.

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Experts back FG on electricity subsidy removal to attract investments

Experts back FG on electricity subsidy removal to attract investments
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

Abuja federal capital territoryTitus okurounmuUju ogubunkaMinistry of powerNews agency of nigeriaInstitute of bankers nigeriaCentral bankFederal governmentNews agencyExecutive secretary chartered instituteFederal ministryகூட்டாட்சியின் மூலதனம் பிரதேசம்அமைச்சகம் ஆஃப் பவர்நிறுவனம் ஆஃப் வங்கியாளர்கள் நைஜீரியாமைய வங்கிகூட்டாட்சியின் அரசு

NBA, NSE, 28 Others Urge FG to Tackle Rising Insecurity

NBA, NSE, 28 Others Urge FG to Tackle Rising Insecurity
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Oyo govt to integrate banks CCTVs into state s security approach

Oyo govt to integrate banks CCTVs into state s security approach
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

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