Chartered Institute of Bankers of Nigeria The Chartered Institute of Bankers of Nigeria (CIBN) has announced the approval to build mini lecture halls for selected departments of banking and finance of six Nigerian tertiary institutions. This was disclosed at its 2021 yearly general meeting held in Lagos at the weekend. President/Chairman of Council, CIBN, Dr. Bayo Olugbemi, who made the statement at the hybrid meeting, said the proposed halls of 200-seating capacity each would be fully furnished with air conditioners and modern multi-media communication gadgets and donated as legacy projects of the institute. As part of efforts to nurture young talents under the institute’s linkage programme, he said the Council had also approved the introduction of an internship scheme to expose students to industry experience to enhance their employability when they graduate.
By James Emejo in Abuja and Nume Ekeghe in Lagos
Analysts yesterday threw their weights behind the recent recommendation by the Presidential Economic Advisory Council (PEAC) to President Muhammadu Buhari for an end to fuel subsidy.
They said in separate interviews with THISDAY that petrol subsidy removal was long overdue.
The analysts described the state of the Nigerian economy as currently weak, adding that this could be worsened by payment of subsidy claims, especially given the malpractices surrounding previous disbursements.
The analysts added that subsidy created a distortion in the economy, leading to “spurious payments or in the current situation, so-called under-recovery.”
Opening Business
The government must ensure that the right investment policies are created and clear all obstacles towards ensuring that both local and international investors donât just express passing interest in the economy but back investment announcements with action. James Emejo writes
Executive Secretary, Nigerian Investment Promotion Commission, Ms Yewande Sadiku, recently at the quarterly media interactive session, stated that investors had shown their willingness to invest a total of $8.41 billion in various sectors of the economy during the first quarter of year.
The revelation is particularly exciting, given the dearth of foreign portfolio inflows in recent times, as the impact of the COVID-19 pandemic takes its toll on global and domestic economies.
Oluchi Chibuzor
The Central Bank of Nigeria (CBN) and financial sector experts have called for collaborative efforts among microfinance banks (MFBs) in order to promote micro-insurance as a tool for deepening financial inclusion.
Making this call in Lagos, at the 6th annual symposium of the Nigerian Microfinance Platform (NMP) organised by the Microfinance Learning and Development Center (MLDC), with the theme, ‘Expanding The Frontiers of Financial Inclusion: The Microinsurance Option,’ the experts averred that microfinance banks are instrumental to the expansion of microinsurance services among the populace.
Addressing participants at the symposium, Deputy Governor, Financial Sector Surveillance, CBN, Mrs. Aisha Ahmad, said there was need for a collective strategy to re-emphasise the importance of micro-insurance as a financial service and re-align it as a vital tool in attaining a higher level of financial inclusion within the Nigerian Microfinance Sub-sector through the sec
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The Central Bank of Nigeria (CBN) and financial sector experts have called for collaborative efforts among microfinance banks (MFBs) to promote the expansion of microinsurance as a tool for deepening financial inclusion.
Making this call in Lagos at the 6th annual symposium of the Nigerian Microfinance Platform (NMP) organised by the Microfinance Learning and Development Center (MLDC), with the theme, ‘Expanding The Frontiers of Financial Inclusion: The Microinsurance Option’, the experts averred that microfinance banks are instrumental to the expansion of microinsurance services among the populace.
Addressing participants at the symposium, Deputy Governor, Financial Sector Surveillance, CBN, Mrs Aisha Ahmad, said there is a need for a collective strategy to re-emphasize the importance of micro-insurance as a financial service and re-align it as a vital tool in attaining a higher level of financial inclusion within the Nigerian Microfinance sub-sector through the secur