Phillips Consulting makes case for succession management in Nigerian Microfinance banking industry

Without careful management of the leadership succession process, MFBs could face power tussles with consequences such as sudden exits across different grades and functions, loss of “tribal knowledge”, costs of abrupt hiring, uncertainty, chaos, damage to the company’s culture, reduced performance and may witness business failure in an extreme case.

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FirstBank wins Best Mobile Banking App, Fastest Growing Retail Bank Awards

First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and “Fastest Growing Retail Bank” winner  by Global Business Outlook. The Global Business Outlook Award recognises and rewards excellence in business in companies across the world, both in the public and private sectors. The award rewards innovation, creativity and the drive to create value.

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Nigeria: Amaechi sets up guidelines committee to disburse N72b Vessel Financing Fund to contributing shipowners

Ahead of a planned commencement of the disbursement of the Cabotage Vessel Financing Fund (CVFF), the Federal Government has set up a committee to develop guidelines for the distribution of the fund. Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi, established the committee at a meeting on Thursday in Lagos with maritime stakeholders. He said the panel, selected from among shipowners, would review existing guidelines and come up with a workable document.

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