Experts urge Nigerian banks to uphold trust in AI deployment

Financial experts have urged Nigerian banks to prioritise trust and integrity as they integrate Artificial Intelligence into their operations, warning that the long-term credibility of the financial system depends on responsible deployment of the technology. This caution was issued at the 4th Stakeholders’ Conference of the Association of Corporate Affairs Managers of Banks, held Thursday […]

Experts support Reinsurance’s AI strategy for sector growth

Stakeholders in Nigeria’s insurance industry have expressed support for Nigeria Reinsurance Corporation’s new AI strategy, commending its balanced approach. Public affairs commentator, Ade Adesokan, noted that the initiative showcases how effective leadership can merge cutting-edge technology with deep human expertise. Nigeria recently introduced a training initiative called ‘Reinsurance Accounting System and Claims Handling’ aimed at […]

FG economic reforms falling short of expectation – Experts

The Organised Private Sector has expressed support for the International Monetary Fund’s recent report, which excluded Nigeria from a list of countries making notable progress in macroeconomic reforms. The IMF’s Deputy Director, Catherine Patillo, presented a report at the Lagos Business School recently noting that while the average growth rate for the region was projected […]

Experts advocate securitisation of N41tn nation assets

The Chief Executive Officer of Economic Associates, Dr Ayo Teriba, alongside other economists, has advocated for the securitisation of Nigeria’s N41 trillion assets as a means to boost financial resources for the Federal Government. Securitisation involves pooling assets and converting them into interest-bearing securities, which are sold to investors, thereby generating funds for the government. […]

Leverage tech for building safety, experts urge Lagos

The Building Collapse Prevention Guild has urged the Lagos State Government to utilize technology for monitoring building performance and preventing structural failures. This was disclosed by the BCPG Ikeja Cell Coordinator, Gbolahan Oyelakin in an interview with the News on Sunday, according to NAN. Oyelakin emphasized that implementing technology would enable the government to proactively […]

Experts have warned that, following the presumed full deregulation of Premium Motor Spirit, or petrol, prices may increase again soon after last week’s hike. The experts based their warning on anticipated further depreciation of the foreign exchange rate and an expected rise in crude oil prices in the international market, according to Vanguard. “And the […]