Other News

EFInA Provides USD250,000 Grant To Lotus Capital
Startups

EFInA Provides USD250,000 Grant To Lotus Capital

Lotus Capital, one Nigeria’s provider of non-interest banking has received a grant of USD250,000 from The Enhancing Financial Innovation & Access, EFInA. The grant will be used by Lotus Capital to market and provide funding for its Lotus Health is Wealth Savings Plan. According to Lotus Capital, the Lotus Health is Wealth […]

Swiss Re Acquires 25% Stake In Leadway Assurance
Big Business

Swiss Re Acquires 25% Stake In Leadway Assurance

Foreign investment into the Nigerian insurance industry has just received another boost as Swiss Re takes up about 25% shareholding in Leadway Assurance. Leadways Assurance is one of Nigeria’s most profitable insurance firms. While Leadway is not quoted on the Nigerian Stock Exchange, NSE the company’s fundamentals are strong when […]

Elkin Pianim And Michael Chu’di Ejekam Joins Afrinvest
Big Business

Elkin Pianim And Michael Chu’di Ejekam Joins Afrinvest

Afrinvest, a wealth advisory firm has announced that Elkin Pianim And Michael Chu’di Ejekam have joined the firm as as a Director and Director for its broker-dealer subsidiary, Afrinvest Securities Limited respectively. According statement issued by the company, Pianim’s appointment further reflects the pan-African outlook of Afrinvest, which also has Ms. Fatumata Soukouna, […]

Nigeria Cuts Losses To eFraud By 63%
Policy

Nigeria Cuts Losses To eFraud By 63%

Nigeria has reduced financial losses to electronic fraud, eFraud by 63%. This is contained in the Nigeria electronic Fraud Forum, NeFF, 2015 report. The report also said attempted eFraud was reduced by 43% between 2014 and 2015 respectively. The report said measures put in place to fight fraudsters is yielding […]

MPC Hikes MPR To 14% To Fight Inflation
Policy

MPC Hikes MPR To 14% To Fight Inflation

The much awaited Monetary Policy Committee, MPC meeting has come and gone. The decision is a fight against inflation and another tougher times for the financial markets as CBN hikes MPR from 12% to 14%. Before now, various analysts had predicted a cut in interest rates to increase lending and […]

Abuja-Kaduna Rail Network Is A Breather
Policy

Abuja-Kaduna Rail Network Is A Breather

After many years of neglect and decrepit infrastructure, Nigeria’s federal capital now has a modern rail system that connects Abuja-Kaduna. The rail infrastructure was today commissioned by President muhammadu Buhari. The train network will connect passengers living in Kaduna and Abuja vice versa. Abuja is Nigeria’s administrative capital and it […]