Features (20)

The story of the spirit of Heritage Bank varies in a positive way just as the conclusion by a vast majority of its customers and those in the financial and business sector is one that not only keeps evolving but is getting better and more pragmatic.

It is a given that leadership is one of the main challenges of development in Nigeria. The others being corruption and nepotism. The matter of leadership is not for want of qualified, patriotic and inspiring individuals, rather the way and manner in which some of those in leadership emerge.

The promise of Change by the President Muhammadu Buhari-led administration is one that should take a holistic approach to curb the issue of unemployment and investment in the country. So it was not unexpected, when on June 20, 2016, the Debt Management Office unveiled what seems to be an airtight strategy to manage Nigeria’s debt going forward. Contrary to the situation that led to the 2004/2006 strategy, the new debt management strategy takes an almost 180 degrees turn to address current issues in the economy viz the vision of President Buhari.

By Abimbola Johnson - 

Never since the advent of the Nigerian Building Society in 1956 or its re-christening as the Federal Mortgage Bank of Nigeria in 1977 or the promulgation of the Mortgage Institutions Act (1989) and the FMBN Act 82 (1993), in 1994, when the FMBN was accorded the status of the apex mortgage institution in the country, has the housing deficit in the country more daunting than now.

By James Ume - 
The Securities and Exchange Commission (SEC) understands that Nigerian capital market has amazing potential to serve as a catalyst for getting more people into the financial services industry.

Jonathan, Our Man Of The Year 2015!. 

The choice, by our Board of Editors, of Nigeria’s immediate past President, Dr Goodluck Ebele Jonathan, as our Man of the Year, was easy and effortless. His commitment to the enhancement of democracy in Nigeria stood him out.

By Henry Boyo

In March 2015, the News Agency of Nigeria(NAN) published a report, which was also syndicated in several Newspapers, that the All Progressives Congress Presidential candidate, Gen. Muhammed Buhari had promised “to ensure that the Naira was equal to the dollar in value, if voted into office”.

The Nigerian Debt Management Office, (DMO) touted as a model in Africa, has become a major destination for out-sourced debt management skills and services in nearly two decades of its existence.

By Femi Aribisala
I WALKED into the east wing of The Palms shopping mall in Lekki, Lagos (popularly referred to as Shoprite); only to be buttoned-holed by a man trying to sell me a Honda Civic parked inside the hall. His sales pitch was that it was the first totally assembled Honda in Nigeria; built completely to Nigerian specifications. For example, unlike the classical Honda, the Nigeria model has a high clearance, being mindful of the potholes in Nigerian roads.

By James Ume

A recent World Bank publication estimated the cost of bridging the nation’s 17 million housing deficit at N59.5 trillion. Also, the managing director of the Federal Mortgage Bank of Nigeria (FMBN), Gimba Ya’u Kumo only recently stated that it will take about N56 trillion to adequately meet the housing needs of Nigerians, a figure which he said was based on a conservative cost of construction at N3.5 million per unit. This estimate underscores the vast untapped investment potential of the nation’s real estate sector.

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