SEC to roll out regulations guiding capital market Fintech products – Uduk

SEC, Exchanges

In its desire to transition towards a technology driven capital market as well as protect investors, the Securities and Exchange Commission, SEC, has said that the Commission would soon come out with regulations that would guide such products in the capital market. Mary Uduk, acting director general of SEC disclosed this Wednesday during the presentation […]

CBN, NDIC, others to discuss financial inclusion strategies at FICAN conference

FICAN

The 2018 annual conference of the Finance Correspondent Association of Nigeria (FICAN) conference is bringing together experts from the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), banks, FinTechs, global multilateral financial institutions, as well as public and private sector finance industry players in the country. The two-day conference slated for September 15 […]

FDC projects 60% probability on MPC to keeping rates

FDC, Headline inflation

Research analysts at Financial Derivative Company (FDC) say there is a 60 percent probability rate for the Central Bank of Nigeria monetary policy committee (MPC) to keep rates. Their projection is based on current money supply growth, which according to them, has remained below the CBN target of 10.84 percent, tempered by sterilization via cash […]

Insurers to decide business size, submit operations profile to NAICOM this week

NAICOM

The board of directors of insurance companies in the country would be taking critical decisions this week on business size as they submit operational profiles to industry regulator, the National Insurance Commission (NAICOM), on their solvency capital latest Friday, September 14. This is coming on the heels of the tier-based minimum solvency capital (TBMSC) policy […]

Nigeria targets low income earners with September bond offer

NASD, Bond, First Bank, Bond Market, Low income earners

Nigeria’s federal government, through its Debt Management Office (DMO), says its September public bond offer is targeted at low income earners seeking investment opportunities. The government is offering for subscription two-year savings bond at 11.36 percent and three-year savings bond at 12.36 percent, aimed at encouraging savings which is poised to earn more income (interest), […]

Investment firm increases stake in NEM insurance, eyes board position

NEM Insurance

Eaton Acquisitions Limited, an investment company has increased its stake in NEM Insurance to 9 percent, days after it announced the acquisition of 4 percent of the insurance company, business a.m has learnt. Olaleye Adeyinka, Eaton Acquisitions’ managing director while expressing confidence in the ability of current NEM’s leadership, said his company is desirous of […]