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The Senate Wednesday confirmed the nomination of Mr. Bello Hassan as the new Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC). ....
Photo Credit: Shabak The Bank of Israel on Monday published its Financial Stability Report for the second half of 2020, with analysis of the exposure to risks of the financial system, and potential risk scenarios. The objective of the current Financial Stability Report (two of them are issued each year) is to monitor the implications of various scenarios for the financial system, and to thereby increase awareness among policy makers and the general public to enable appropriate preparations. The following are the main points raised by the Report: Neither the level of Israelâs public debt in 2020 nor the forecasts for 2021 are anomalous when compared to the other OECD countries, but Israel is in the upper portion of the distribution of states in terms of its deficit rate. The high-tech industry, natural gas reserves, monetary flexibility, the high household savings rate, and medium-term growth potential are all strong points for Israel. However, the ratings agencies not ....
The Managing Director of fast-rising financial institution Best Point Savings and Loans, Philip Odei Asare has reportedly passed on from Covid-19 complications, MyNewsGh. ....
TODAY January 11, 2021 Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. ....
SEC Plans Further Action Against MTD Walkers PLC Rusiripala Tennakoon Sunday Times BT reported about the engagement of a Local Audit Firm by the SEC to get to the bottom of MTD accounts. This action is pursued in the context of defaulting payments on the type B Debentures issued by this Company and several other irregularities committed there. Non submission of the Annual Reports for 2018/2019, Interim financials after 30th June 2019 and alleged sale of assets associated with siphoning out of Funds without proper internal controls. The Commission has decided to initiate action to conduct a Special Purpose Audit and obtain a report to consider any further action warranted. ....