Lagos rent-to-own scheme for artisans, others starts soon
In an effort to cushion the effects of economic recession in the country, the Lagos State Government yesterday said it has concluded plans to start allocation of houses using the newly-introduced rent-to-own policy.
The State’s Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this at a press conference ahead of the launch of the scheme, said the Rent-To-Own and Rental Housing Policies of Governor Akinwunmi Ambode’s administration is aimed at making housing more readily affordable and accessible to Lagosians. Read more…
NDIC directs depositors of liquidated banks to file claims
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umar Ibrahim has called on depositors who lost their money in liquidated banks to file their claims through the zonal offices of the corporation or any of the 10 banks appointed for the payment across the nation.
Ibrahim, who spoke on Wednesday in Kano through the Director of Assets Management, Alhaji Bashir Umar at NDIC Special Day during the ongoing 37th Kano International Trade Fair, named the appointed banks to include First Bank of Nigeria, United Bank for Africa, Zenith Bank, Wema Bank, Heritage Bank, Union Bank, Fidelity Bank, Skye Bank, Unity Bank and Diamond Bank. Read more…
Nigeria records $200m FinTech investment in two years
NIGERIA has recorded over $200m in Financial Services Technology in the last two years, industry experts have said.
The experts disclosed this at the 2016 FinTech summit, organised by KPMG, a global network of professional firm providing audit, tax and advisory services.
The Partner and Head, Financial Services Technology, KPMG in Nigeria, Boye Ademola, said embracing FinTech in Nigeria had the capacity to redefine the financial services landscape over the next five years.
He noted that Nigeria, Egypt and South Africa were among the top recipients of FinTech in Africa.
“In the first quarter of 2016, two Chinese FinTech, Lu.com and JD Finance, raised $1.2bn and $1bn, respectively, in record Asian deals. Lu.com is a wealth management platform while JD Finance is redefining the landing space in China,” he said.