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The National Social Security Authority is working on extending accident insurance to the informal sector and domestic workers and introducing health, maternity and sickness schemes, the organisation's general manager Mr James Matiza has said.
British High Commissioner to Nigeria, Mr. Bob Dewar, has said that British government is supporting the current reform in the banking sector initiated by the Central Bank of Nigeria (CBN), saying the problems revealed in the nation's banking sector can be addressed squarely.
Attorney General of the Federation and Minister of Justice, Micheal Aandoaaka (SAN), has attributed Nigeria's slide in the 2009 corruption index of the Germany-based Transparency International (TI) to the corruption in the banking sector. Nigeria dropped nine places to 130th position out of the 180 countries ranked in 2009. In the 2008 ranking, Nigeria occupied the 121 position out of the 180 ...
OVER SUBCRIPTION of central bank's sh60b 10-year Treasury bond issued on November 11 highlights increased investor appetite for longer-dated paper, a senior bank director has said.
THE Reserve Bank yesterday signalled that interest rates are likely to remain on hold in the near term, despite a slight increase in inflation forecasts for the next two years.
The Cabinet has finally approved the introduction of no-fault-based road accident insurance, which will cut lawyers out of the system of compensation and cost the legal profession billions of rands in lost income.
Guaranty Trust Bank is set to reward its SKS (Smart Kids Save) account holders in its annual SKS raffle draw. Current SKS account holders will have an opportunity to win variety of prizes on offer including scholarships, laptops and numerous consolation prizes during the raffle draw.
I have read recent media praises for mobile money transfers and congratulate Safaricom, MTN and Zain for implementing the service in the East African region. Safaricom has taken it to a higher level by handling international money transfers.
THE Governor Bank of Uganda, Tumusiime Mutebile, has urged commercial banks to guard against fraud and forgeries by instituting effective risk management systems.
The World Bank has loaned Government of Botswana US$186 million (P1.2 billion) for its Integrated Transport Project, which is meant to ease traffic congestion, enhance regional integration and spur economic growth.
THE Central Bank, CBN, has barred banks from using Bankers Acceptances, BAs, to finance service related activities.
The Inspector-General of Police, Ogbonna Onovo yesterday in Abuja cleared the air on the Aquitane Oil and Gas Company, a marketing company in the oil and gas sector and Fin Bank, one of the banks taken over by the Central Bank of Nigeria (CBN), as a result of poor corporate governance.
Bank of Kigali (BK) has laid-off 55 employees in its ongoing restructuring.
The National Bank of Rwanda (BNR) in partnership with the Private Sector Federation (PSF) are organising the first ever East African Financial Service Exhibition from December 2-6, 2009.
Parliament on Wednesday unanimously approved a bill to reform the central bank. In theory this should reduce the powers of bank governor Gideon Gono.
The British government supports the banking system reforms made by the Central Bank of Nigeria (CBN).
THE International Monetary Fund (IMF) has called for a framework to deal with bank failures in Nigeria, adding that a robust financial stability framework will be important for the sustained development of the financial sector.
The Board of Directors of the African Development Fund (ADF) approved on Tuesday, November 17, 2009 in Tunis, a UA 10.21 million (US$ 16.23 million) loan to finance a Rural Income and Employment Enhancement Project (RIEEP) in Uganda.
Wema Bank PLC has been appointed by the Joint Admission and Matriculation Examination Board (JAMB) to sell its newly introduced on-line Unified Tertiary Matriculation Examination (UTME) application forms.
Imperial Bank has reported an 18 per cent increase in pre-tax profit for the nine months ending September 30, 2009.
The only way forward out of the global financial crisis, particularly in Nigeria, is for banks and insurance firms to form a strong partnership, Adeyemo Adejumo, managing director/chief executive officer (CEO) of Continental Reinsurance Plc, has said.
THE Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi will today lead other intellectuals to deliver this year's public lecture/Annual General Meeting of the Nigeria Institute of Public Relations (NIPR).
THE Reserve Bank kept interest rates steady yesterday as expected with new governor Gill Marcus highlighting the role global events play in SA's tentative economic recovery.
DEBATE on the Reserve Bank of Zimbabwe Amendment Bill in the House of Assembly was yesterday postponed to allow further consultations on the prospective legislation.
THE Reserve Bank's new governor, Gill Marcus, made clear yesterday that she would not cave in to political pressure on interest rates, although she will be more consensual than her predecessor in making decisions.
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