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Intelligence
ATMs, PoS’ Collapse Looming On Worsening NIBSS’ Platform Failure
By CHUKWUMAH KELECHUKWU
Sophie Ajewole, a resident of Egbeda in Lagos woke up 9am, for an interview scheduled for 11am at the highbrow Lekki, also in Lagos state. She hurriedly booked a taxi cab, hoping to get some money from an Automated…
Real Reasons Ganduje Wants Sanusi’s ‘Royal’ Blood
JACOB AJAKAIYE, Kano
Going by the ‘hard tackles’ from the sitting governor of Kano State, Governor Abdullahi Umar Ganduje to Emir Sarkin Sanusi, it wouldn’t be difficult for any discerning observer and political watcher of the…
NIBSS’ 21% Failure Rate Mars Eid-El-Fitri Celebration.
By CHUKWUMA KELECHUKWU.
Bank customers all over Nigeria had a hectic time using the electronic channels to transact on Tuesday as operations of the Nigeria Inter-Bank Settlement System (NIBSS) were marred by unprecedented…
Insurance Stocks Lift NSE As NAICOM Increases Underwriters’ Capitalisation By Over 200%.
..push All Share Index to 1.74 percentage gain on Monday
By Chukwumah Kelechukwu
The insurance segment of the Nigerian Stock Exchange (NSE) reacted sharply to the new capital requirements of the industry,…
Exodus On The Exchange
By Chukwumah Kelechukwu
For varied reasons that have heightened worries, companies are leaving the Nigeria Stock Exchange (NSE) in droves, a development that underlines bad policies, weak economy and regulatory…
Why FG Replaces Frank Kokori With Insurer As NSITF Chair.
The need to put a technocrat that fits the technical and strategic nature of the operation of the National Social Insurance Trust Fund (NSITF) informed the replacement of Frank Kokori with an insurance practitioner, Austin…
PoS’ 15% Failure Rates On NIBSS Signals Impending Crisis.
By Chukwumah Kelechukwu
Transaction failures at Point of Sales hit 15 percent early morning Saturday, April 2019, a sign that electronic payments facilitated by the Nigeria Inter-Bank Settlement System (NIBSS) during the Easter…
Presidency Detects Alleged N11.635bn Padding Of Refund To Delta, Taraba By Federal Parliament
KEHINDE AKINTOLA
In what appears to be another case of padding and violation of procurement procedures by the federal legislature, the presidency has frowned at an inflation of N11.635 billion on the…
New Access Bank Targets N30bn Pre-Tax, Operates All Branches
The new Access Bank, the outcome of the merger of Diamond and Access Bank commences operation today April 1, targeting N30 billion pre-tax synergy in an operation to be leveraged on its combined strength, focusing on array of services to…
Guidelines On Govt Assets Ready As NAICOM Plans N18bn Capitalisation.
Three months after the Finance minister, Zainab Ahmed halted a new capitalisation for the insurance sector, the industry regulator, National Insurance Commission (NAICOM) is ready to announce a new policy that may compel composite firms to…