SAM DIALA highlights Nigeria’s troubling situation and argues that the country can no longer afford to treat environmental sustainability as an afterthought.
Sam Diala examines how the women of South-East Nigeria have turned the traditional August Meeting into a community development initiative supported by Nestle Nigeria
Nigeria’s food crisis presents one of the country’s most painful contradictions. The nation possesses vast arable land, millions of farmers, a favourable climate and an agricultural sector capable of producing enormous quantities of food. Yet millions of Nigerians go to bed hungry, food prices continue to climb.
There are corporate failures that deserve to be treated as ordinary business casualties. Companies rise, companies fall, markets change and inefficient businesses eventually disappear. But the demise of NICON Insurance Limited is different.
There are publications that merely document an industry, and there are those that attempt to shape its future. The maiden edition of the NIBSS Digest, appropriately themed “Redefining the Future of Payments,” belongs more convincingly to the second category.
Finance experts contend that the real value of the revenue has diminished because of the prevailing exchange rate, which makes logistics and operational costs very prohibitive.
The Association of Securities Dealing Houses of Nigeria (ASHON) has called for an urgent review of the National Insurance Commission’s (NAICOM) revocation of Universal Insurance Plc operating licence, arguing that the action raises serious concerns for investors and the wider Nigerian capital market.
The Central Bank of Nigeria's recapitalisation programme requires banks to build substantially larger capital bases, with minimum paid-up capital rising to N500 billion for banks with international authorisation, N200 billion for national banks and N50 billion for regional banks.
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.