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THE Nigeria Deposit Insurance Corporation (NDIC) has called on bankers in the country to pay more attention on financial literacy and consumer protection issues. Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim made this call while speaking at the Chartered Institute of Bankers of Nigeria (CIBN) Graduates’ Induction and Prize Award Day in Lagos. Ibrahim noted that the banking environment was witnessing rapid changes, including the forces of globalization of banking; economic uncertainties; advances in information and Communication technology (ICT), such as block chain technology and virtual currency which bankers must grapple with. Ibrahim said that the current economic situation which most developing countries, including Nigeria were facing underscored the need to pay greater attention to issues such as financial literacy, consumer protection, sustainability and innovative financial services solutions. He gave instances such as mobile money, agency banking, virtual

THE latest Hurricane Harvey cost estimates show about 70% of home damages caused by flooding won’t be covered by insurance. New preliminary data from CoreLogic, a property analytics firm, predicts that between $25 billion and $37 billion worth of flood loss has hit homes across southeast Texas and southwest Louisiana. Only about $6.5 billion to $9.5 billion of those costs will be covered by insurers. The report doesn’t come as a complete surprise. A very small percentage of homes in Harvey’s path were covered by flood insurance from the beleaguered National Flood Insurance Program — a federally-funded program that is virtually the only flood protection available to homeowners. HOUSTON, TX – AUGUST 28: People make their way out of a flooded neighborhood after it was inundated with rain water, remnants of Hurricane Harvey, on August 28, 2017 in Houston, Texas. Harvey, which made landfall north of Corpus Christi late Friday evening, is expected to dump upwards to 40 inches of rain in

SIX of the world’s biggest banks have joined a project to create a new form of digital cash that they hope to launch next year for clearing and settling financial transactions over blockchain, the technology underpinning bitcoin. Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street have teamed up to work on the “utility settlement coin” which was created by Switzerland’s UBS to make financial markets more efficient. The move comes as the project shifts into a new phase of development, in which its members aim to deepen discussions with central banks and to work on tightening up its data privacy and cyber security protections. Hyder Jaffrey, head of strategic investment and fintech innovation at UBS, said: “We have been in discussions with central banks and regulators and we will continue that over the next 12 months with the aim of a limited ‘go live’ at the back end of 2018.” Blockchain technology is a complex set of algorithms that allows

Businessman Aka Udofia has offered the Super Eagles the sum of $20,000 for every goal scored in Monday’s 2018 FIFA World Cup qualifying cracker against Cameroon’s Indomitable Lions in Yaounde. The young and ebullient businessman from Akwa Ibom State made the promise as he briefly greeted players and officials inside the chartered ARIK Bombadier CRJ 1000 aircraft just before take –off at the Ibom International Airport, Uyo. “I am a very good friend of the NFF President, Mr. Amaju Pinnick, and I am happy that I am here in time to see you guys before take –off for Yaounde. “I watched the game against the Cameroonians here in Uyo on Friday and I am sure you have the ability to conquer them again in their own territory. I promise to reward you with $20,000 for every goal scored in Yaounde,” Udofia announced to the applause of players and officials. Three –time champions Nigeria play Cameroon today in Yaounde in a Day 4 encounter of the 2018 FIFA World Cup Africa qualifying race, wit

Nigeria face Cameroon in a World Cup qualifier on Monday, with their coach saying they are inspired to qualify for Russia 2018 by goalkeeper Carl Ikeme who is battling acute leukaemia. Carl Ikeme Nigeria can become the first African qualifiers for the World Cup in Russia if they triumph in Yaounde and Zambia do not win in Algeria 24 hours later. With three Group B matches to go, the Super Eagles have a maximum nine points – five ahead of Zambia, with Cameroon a further two points back and Algeria bottom on one point. “We pledged to win this match for Carl,” said the Nigeria coach Gernot Rohr, after their impressive 4-0 win over African champions Cameroon in their home leg in Uyo on Friday. Ikeme has been having treatment, including chemotherapy, since he was diagnosed in July. “He is in my thoughts and those of the coaches, players and officials all the time. I believe he will inspire us in Cameroon,” Rohr added. Rohr hopes his senior players Victor Moses and John Obi Mike

Indomitable Lions are keen to defend their honour when they confront the Super Eagles in today’s 2018 FIFA World Cup qualifier in Yaounde. After being subjected to a 4-0 defeat at the Godswill Akpabio Stadium, Uyo on September 1, the Lions are starring elimination in the race to qualify for Russia 2018, which Coach Hugo Broos conceded was over. Speaking to reporters ahead of today’s match, the Belgian coach said, “today’s game against Nigeria is a matter of honour, especially after our defeat. To qualify for the 2018 World Cup, we would have to win our last three games and Nigeria must lose all their remaining matches.I do not think it can happen, but we have an honour to defend.I hope that the players will be in the same state of mind as me”.

With the apparent 2016/2017 Nigeria Professional Football League (NPFL) crown apparently and unexpectedly going to the wire, Lagos-based MFM FC has promised to fight on till the last whistle of the league game. The recent slump by the league table topper Plateau United necessitated the delay in crowing the 2016/2017 NPFL champions. The Peace Boys from Jos should have wrapped up their winning of the league shield save a shocking home draw and an away defeat in the Match Day 36 and 37 respectively. The Kennedy Boboye-tutored side of recent had failed to sustain the tempo which saw them on the summit of the table as they could only manage a 2-2 draw against a spirited Rivers United. The team also failed to win their last match as they also slumped to yet another defeat now in the hands of Wikki Tourist of Bauchi whom they lost 0-1. With the drop experience by Plateau United, second placed team, MFM who has been on their trail are now confident of springing a last minute surprise

The Spanish football league, La Liga, has asked European football’s governing body UEFA to open an investigation into whether big-spending Manchester City have breached Financial Fair Play regulations. Bayern Munich’s Brazilian midfielder Douglas Costa (R) celebrates scoring the opening goal with Bayern Munich’s Spanish midfielder Thiago Alcantara (C) and Bayern Munich’s Brazilian defender Rafinha during the German first division Bundesliga football match SV Darmstadt 98 vs FC Bayern Munich in Darmstadt, Germany, on December 18, 2016. / La Liga, outspoken over what it dubs “state-aided financial doping”, “is pleased that UEFA has opened a formal Financial Fair Play (FFP) investigation into Paris Saint-Germain. The investigation comes after La Liga formally requested such probes into PSG and Manchester City FC in August”. La Liga made two requests on August 22 that UEFA probe PSG and City, laying out the financials of both clubs, which it argues have “no basis in the realities of t

Exiled striker Diego Costa was not included in Chelsea’s 25-man squad for the Champions League group phase on Monday. Costa, 28, has been frozen out by Chelsea manager Antonio Conte and spent the transfer window angling for a return to former club Atletico Madrid that never materialised. Atletico, who were drawn in Champions League Group C alongside Chelsea, are banned from signing new players until January. By not including Costa in their squad, Chelsea have ensured he will not become cup-tied, meaning he could play in the competition for another team in the second part of the season. Despite being named in Chelsea’s Premier League squad, Costa has not played in any of their league games to date, his place taken by £58 million ($75.1 million, 63.1 million euros) record signing Alvaro Morata. Chelsea will also face Roma and Azerbaijani newcomers Qarabag in their group. Manchester United included Zlatan Ibrahimovic in their squad despite his current unavailability as he reco

Lagos – The wife of Lagos State Governor, Mrs Bolanle Ambode, has rewarded Safe and Sound FC, the winners of the maiden “Mrs Bolanle Ambode Female Football Competition’’ in Epe with N500, 000. Segun Osinaike, the Chairman of Epe Division Football Association (DFA), announced the reward at the end of the tournament on Saturday night in Epe. Ambode watched the final of the competition sponsored by Abiodun Tobun, representing Epe Constituency I at the Lagos State House of Assembly with other dignitaries. NAN reports that Ambode, who also decorated the triumphant team, refused to make any comment after the competition before she left the venue. The tournament held at Salako Playing Ground, Epe, with hundreds of youths and various leaders of the All Progressives Congress (APC) in attendance. Safe and Sound FC defeated Teach Them Soccer 2-1 to clinch the trophy. The sponsor, Tobun, told NAN: “Sincerely, I am happy and feeling fulfilled. Catching these girls from the grassroots and nurt

Enugu – Former Green Eagles Goalkeeper, Emmanuel Okala, has joined other soccer buffs to urge Super Eagles Coach, Gernot Rohr, to maintain his “present good selection’’ of players against the Indomitable Lions of Cameroon on Monday. Okala, who was a former Super Eagles Goalkeeper Trainer, gave the advice while speaking to the News Agency of Nigeria (NAN) on Sunday in Enugu. Nigeria’s Mikel John Obi (C) celebrates with teammates William Ekong (L) and Odion Ighalo after scoring a goal during the 2018 FIFA World Cup qualifying football match between Nigeria and Cameroon at Godswill Akpabio International Stadium in Uyo, southern Nigeria, on September 1, 2017. He spoke against the backdrop of ways to strengthen the Super Eagles team for a resounding victory during their away match in Cameroon. According to him, Nigeria always has the football talents but poor and biased players’ selection robs the nation of its numerous victories. “I believe Rohr is doing a very nice job; having a good

BENIN CITY-IMEMDIATE past Deputy Governor of Edo State, Dr Pius Odubu, has commended President Muhammadu Buhari over his recent meeting with the leadership of the two major political parties in the country, saying that such action distinguished him as a unique politician. Odubu who stated that weekend in Benin City, described the meeting as a good omen for thr nation’s democracy, adding that President Buhari has demonstrated a high level of leadership quality by this singular act. His words, “For me, the recent meeting between President Muhammadu Buhari,the Leadership of the APC and that of the PDP is a highly welcomed initiative. It is a step in the right direction. It shows a high sense of responsibility on the part of the President as a true Leader. It is ample manifestation that our Democracy is maturing. “I give Kudos to President Buhari and also kudos to Ahmed Makarfi the Chairman of PDP for their matured approach to Politics. This has demonstrated that our politicians are begi

Kano – The Emir of Kano, Muhammad Sanusi, has called on political leaders to caution their followers against acts of violence. Sanusi made the call on Sunday during the traditional Hawan Nasarawa at the Government House in Kano. ‎‎ ‎ “I am calling on political leaders to caution their followers against‎ political violence and thuggery,” he said. He also urged government to create ‎employment for youths in the country in order to reduce the economic hardship being faced in the country. “If the youths are employed or empowered, the level of hardship faced by many families will reduce,” he said.‎ ‎‎The monarch also called on the Federal Government to revive agriculture in order to attain self sufficiency in food production.‎ He prayed for peace, tranquility and unity in the country and the safe return of Nigerian pilgrims from the Holy land.‎ ‎Earlier, Gov. Abdullahi Ganduje had said that the state government had completed two hospitals with 500 beds. ‎”We completed two hospitals w

…Flays APC, APGA On alleged Killings of South Easterners Frontline contender in the Anambra governorship election billed for November this year, Chief Osita Chidoka has vowed to resist the relegation of South East region to mere “5%” by the All Progressives Congress, APC, party. Recall that President Muhammadu Buhari who is the leader of APC government now had, during an interview after his victory in the 2015 presidential election said that, “the constituents who gave me 97% cannot in all honesty be treated on some issues with constituencies that gave me 5%.” And of note is the fact that most South-Easterners voted in favour of the then ruling Peoples Democratic Party, PDP during the 2015 election. However, Chief Chidoka, who, in a statement through his Campaign Organization on Sunday, also called on the Federal Government and the security agencies to especially apply caution in handling matters relating to agitations by the people of the South East region so as to avoid aggravati

Abuja – The Chairman of Adamawa United FC, Emmanuel Zira, says the 4-0 defeat of Cameroun by the Super Eagles on Friday showed the return of the winning spirit of the team on yesteryears. Zira in Abuja on Saturday said that the team’s victory and style of play was reminiscent of the 1994 Super Eagles squad. Eagles defeated the Indomitable Lions at Godswill Akpabio Stadium, Uyo, to stay atop the Group B of the Russia 2018 World Cup qualifiers “The team played excellently well and we are proud of them,’’ said the chairman of the Nigeria National League side. “This shows the return of the old Super Eagles spirit and we hope that they will continue to build upon this performance.’’ Zira, however, advised Coach Gernot Rohr to, if possible, maintain the first 11 players in remaining matches, adding that coaches hardly changed a winning squad. “The coach should build the nucleus of the team around the first 11 that started. “One could hardly pick out a player as the man of the match because a