Fintech poses huge threat to traditional banking, says CIBN

The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State branch, has said the financial space is being revolutionized with the deployment of financial technology by Deposit Money Banks to meet the financial needs of their customers. The Chairman, CIBN Lagos branch, Mr Kola Abdul, said in a statement that recent reports indicated that investment… Continue reading Fintech poses huge threat to traditional banking, says CIBN

Four major building collapses claimed 199 lives – Nigerian Building and Road Research Institute.

Four major building collapses that occurred in the country between 2014 and 2016 claimed 199 lives, the Nigerian Building and Road Research Institute (NBRRI) has said. The Director-General, NBRRI, Prof Danladi Matawal, said this in a keynote address at the 2018 Annual National Conference and Exhibition of the Nigerian Institute of Metallurgical, Mining and Materials… Continue reading Four major building collapses claimed 199 lives – Nigerian Building and Road Research Institute.

Nigerian Banks Lose N12.30bn To Fraud In 4 Years.

The Nigerian Inter-Bank Settlement System (NIBSS), yesterday said the Nigerian banking industry lost the sum of N12.30 billion to frauds between 2014 and 2017. Managing director, NIBBS, Mr Adebisi Shonubi, disclosed this at the third annual Banking Security Summit organised by MAXUT Consulting in partnership with OneSpan, a global data security company in Lagos, Nigeria.… Continue reading Nigerian Banks Lose N12.30bn To Fraud In 4 Years.

Nigeria’s Federal Government targets insurance firms, others to fund national shipping fleet.

THE Nigerian Federal Government is targeting banks and insurance companies to finance the national shipping carrier, following the withdrawal of a Singaporean liner, Pacific International Lines (PIL), from the initiative. The Singaporean shipping company, with over a hundred ships in its fleet world-wide, had said that it would not be able to cope with the… Continue reading Nigeria’s Federal Government targets insurance firms, others to fund national shipping fleet.

Will your family wealth survive ‘three generations’?

From shirtsleeves to shirtsleeves in three generations. This popular American saying describes the well known phenomenon where family wealth is built up in one generation, is often frittered away in three generations. Read all about this phenomenon as well as expert tips to avoid such misfortune … #NewPost #Read #Comment #Share #BSLB #InsuranceBrokers

New trends, high risks: How new technologies support growth, threaten stability of emerging economies.

The new world order where technology drives development is challenging economies to innovation and new thinking. However, the high risks associated with emerging technologies and the devastating distortion they are capable of bringing to world peace is beginning to raise serious concerns, particularly among the emerging economies where the impacts are predicted to be felt… Continue reading New trends, high risks: How new technologies support growth, threaten stability of emerging economies.

Nigeria’s Federal Government pays N23bn to pensioners in three months

Following recent verification exercises, Nigeria’s Federal Government has commenced the rapid payment of pensions to verified pensioners. This is very heartwarming news.
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