For Nigerian banks to avoid another case of bail-out by the government, there is a need to properly reassess the risks they take, review their risk management systems, and create a value system that is embodied in capacity and character.
This was the view of the Chief Financial Officer/Executive Director, First Bank of Nigeria Plc, Mr Oladele Oyelola, while speaking on the topic “Risk Management: The Tool for Successful Banking in the 21st Century” at the yearly general meeting and bi-annual meeting of the Lagos branch of the Chartered Institute of Bankers of Nigeria (CIBN). Read the rest of this entry »
Sub-Saharan African markets are attracting interest from foreign fund managers seeking to diversify risks in their global portfolio. Andre DeSimone, Executive Director at Kestrel Capital tells us why Africa’s stock markets continue to perform remarkably well despite their small size and low liquidity.
As African banks strive to meet regulatory trends within the global financial market, First Bank of Nigeria is staying ahead of the pack with the acquisition of a world-class risk management solution from SAS.
Nigerian banks are in a fierce competition for new business as companies try to bolster their balance sheets before stricter reporting standards are imposed at the end of the year, industry officials said. Sub-Saharan Africa’s second-biggest economy sees itself as rivaling Johannesburg in the coming years as an African financial services hub, but its banking transparency lags even smaller rivals such as Kenya.
