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

Cyber Attacks on the Rise, Experts Warn

Cybersecurity experts have raised the alarm that cyber attacks on organisations was on the increase, with a possibility to cause a global financial loss of $1 trillion in the next few years, up from the $5.3 billion global loss recorded in 2017 and $9 billion in 2018. Cybersecurity experts who spoke at a breakfast meeting… Continue reading Cyber Attacks on the Rise, Experts Warn

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.

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

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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Banks, tech firms combat N2.19bn e-fraud with cyber-insurance.

Exposure to cyber attacks in the financial services sector is creating a growing demand for cyber-insurance. Banks and financial technology firms are beginning to see a need to explore cyber-insurance as a means of alleviating the impact of electronic payment fraud in Nigeria. Industry statistics show that Nigeria is losing about N127bn to cyber-fraud every… Continue reading Banks, tech firms combat N2.19bn e-fraud with cyber-insurance.