The Nation Newspaper

Tag: CIBN

  • CIBN, Liberia partner to improve banking

    CIBN, Liberia partner to improve banking

    The Chartered Institute of Bankers of Nigeria (CIBN) has executed an agreement with the Central Bank of Liberia and the Liberia Bankers Association for the establishment of a CIBN examination centre and provision of technical assistance for the proposed Bankers Institute of Liberia.

    This is the second time CIBN will be executing this type of Cross Border Agreement with relevant professional bodies and Central Banks within the West African coast.

    The first agreement was executed in 2012 with the Central Bank of The Gambia and currently yielding positive fruits as several of the banking professionals in The Gambia have completed different stages of the CIBN examinations thereby strengthening the human capacity and competencies of bankers in the country.

    The main objective of this relationship is the nurturing and production of more knowledgeable, skilled and competent workforce for the Liberian banking sector.

  • FinTech firms competing with banks, says CIBN

    FinTech firms competing with banks, says CIBN

    The President, Chartered Institute of Bankers of Nigeria (CIBN), Olusegun Ajibola, has said Financial Technology (FinTech) firms are competing with banks and will remain part of the factors that define lenders’ future.

    Speaking at the 22nd World Conference of Banking Institutes (WCBI) in Lagos,  Ajibola, who spoke on the theme: ‘’Rethinking the future of Banking and Finance and Life Long Learning’’, said though the future of banking remains speculative, there are clear indications and a general consensus that a number of factors would continue to disrupt already established banking models.

    Some of the factors he said include increased competition from non-traditional competitors such as FinTech, more fragmented banking with incumbents losing more and more pieces as consumers build their own suite of products from a multitude of providers; increased specialisation to serve specific customer needs with speed and adequate value for money.

    He said: “Though banks would still remain the trusted advisors and there would still be need, albeit reduced significantly, for face-to-face interactions between bank customers and the banks, digital systems like Blockchain, Ripple, Ethereum will be common place and as technology is disrupting the nature of work at an unprecedented rate, there is the need for a new and inclusive approach to learning on the job.”

  • CIBN, NBA sign MoU on knowledge-sharing

    The Chartered Institute of Bankers of Nigeria (CIBN) and the Nigerian Bar Association (NBA) have signed a Memorandum of Understanding (MoU) on knowledge-sharing.

    The News Agency of Nigeria (NAN) reports that the pact was signed at the World Conference of Banking Institutes (WCBI), which in Lagos at the weekend.

    The Secretary-General of the NBA, Mr Isiaka Olagunju, said the two bodies would soon commence courses on law, loan processing and documentations to enable them function maximally.

    “The collaboration is very important to build the capacities of bankers, who are not knowledgeable in the field of law and lawyers who are not knowledgeable in the practice of banking.’’

    He said that if the terms and tenets of the MOU were strictly complied with, there would be less rancour in the banking sector because every banker would know how to enter into any agreement.

    “A banker will know laws guiding loan processing, likewise, if a lawyer wants to handle a banking case, he will know the extent to go.

    “In the next five years, 70 per cent of banking cases would have been settled out of court because the lawyer can advise clients to toe the part of honour, instead of years in court,” Olagunju said.

    The President of the CIBN, Prof. Olusegun Ajibola, said the institute would continue to collaborate with other bodies.

    According to him, in the last one year, the institute has perfected collaborative talks with the Institute of Management and National Open University.

    He said the Central Bank of Nigeria (CBN) had also appointed CIBN the sole accreditation agency for implementation of competency framework for the banking sector.

    NAN reports that the conference also witnessed the launch of the Global Education Standard Board (GESB), aimed at re-building public confidence in the global banking system.

    The theme of the conference is: “Re-thinking the Future of Banking and Finance and Life-long Learning.’’

  • CIBN to host world conference of banking institutes

    The Chartered Institute of Bankers of Nigeria (CIBN) is set to host all banking institutes, including over 1000 banking and finance professionals in the world, at the 22nd edition of the World Conference of Banking Institutes in Lagos from April 24 to 28.

    The theme of this year’s edition is: Re-Thinking the Future of Banking and Finance & Life Long Learning. The conference is a biennial global forum that brings together a large number of CEOs, senior executives, professionals and other stakeholders engaged in banking and other financial services, education and training.

    The event, which promises to be intellectually enriching and impactful, will also provide a platform for networking and business opportunities. The conference is also an avenue to brainstorm on how to get ahead of the challenges associated with the future of banking.

    To this effect, a handful of distinguished speakers, panelists and paper presenters across the globe – Americas, Australia, Asia, Europe and other parts of Africa have confirmed their participation.

    The Vice President of the Federal Republic of Nigeria, Prof Yemi Osinbajo (SAN), is expected to be the Distinguished Guest of Honour at the opening ceremony of the conference.

     

     

  • CIBN to host world conference of banking institutes

    The Chartered Institute of Bankers of Nigeria (CIBN) is set to host all banking institutes, including over 1000 banking and finance professionals in the world, at the 22nd edition of the World Conference of Banking Institutes in Lagos from April 24 to 28.

    The theme of this year’s edition is: Re-Thinking the Future of Banking and Finance & Life Long Learning. The conference is a biennial global forum that brings together a large number of CEOs, senior executives, professionals and other stakeholders engaged in banking and other financial services, education and training.

    The event, which promises to be intellectually enriching and impactful, will also provide a platform for networking and business opportunities. The conference is also an avenue to brainstorm on how to get ahead of the challenges associated with the future of banking.

    To this effect, a handful of distinguished speakers, panelists and paper presenters across the globe – Americas, Australia, Asia, Europe and other parts of Africa have confirmed their participation.

    The Vice President of the Federal Republic of Nigeria, Prof Yemi Osinbajo (SAN), is expected to be the Distinguished Guest of Honour at the opening ceremony of the conference.

  • Bayelsa to collaborate with CIBN for benefit, says Dickson

    Bayelsa to collaborate with CIBN for benefit, says Dickson

    Bayelsa State Governor Seriake Dickson has expressed his administration’s commitment to partner Chartered Institute of Bankers of Nigeria (CIBN) to explore areas of comparative advantage for mutual benefits.

    He expressed the commitment in a statement by his Chief Press Secretary, Mr. Daniel Iworiso-Markson, in Yenagoa.

    Iworiso-Markson quoted the governor as having expressed government’s readiness when he received the President and Chairman of the Council of CIBN, Prof. Segun Ajibola and other members of CIBN at the Government House, Yenagoa.

    Describing CIBN as strategic to the management of the national economy, the governor said his administration would collaborate with the organisation to showcase the potential of the state.

    He identified crude oil, gas and power generation as areas of comparative advantage the state was endowed with.

    Dickson hailed CIBN for its programmes and other initiatives for capacity building in the financial sector and its decision to establish its presence.

    He said the Chief Economic Adviser, Mr. Duate Iyabi, would liaise with the institute on ways to improve the public financial systems and create opportunities that would be beneficial to the two parties.

    Ajibola told the governor CIBN planned to establish its secretariat and examination centre in Bayelsa.

    According to him, the examination centre, when operational, will enable people in the state and neighbouring states to write the institute’s examinations.

    Ajibola said the institute had been mandated to host the 22nd edition of the World Conference of Banking Institutes in the country this year.

    He said the conference would be a launching pad to exhibit Bayelsa’s and the rest of the country’s investment opportunities and tourist attractions.

    “This is the first time the country will be hosting such a conference and we solicit government’s assistance in that direction.”

  • CIBN plans forum on economic outlook

    The Chartered Institute of Bankers of Nigeria Centre for Financial Studies (CIBNCFS) in collaboration with B. Adedipe Associates Limited (BAA) will be holding a forum with Economic Outlook: Implications for Businesses in Nigeria in 2017 as its theme.

    The session which is scheduled for January 24, in Lagos, would feature prominent speakers including Dr. Joseph Nnanna, Deputy Governor, Financial System Stability, Central Bank of Nigeria as the keynote Speaker, former CBN Deputy Governor, Operations Directorate, Tunde Lemo, with other notable economic actors such as President, Manufacturers Association of Nigeria (MAN) Frank Jacobs,  and Group Managing Director, Omatek Ventures, Mrs. Florence Seriki, as panelists.

    The aim of the programme is to X-ray both global and Nigerian economies in 2016; review the expectations of local businesses in 2017 vis-à-vis global economic and political developments; analyze the implications of the developing economic and political trends for key business sectors in Nigeria; discuss feasible business survival strategies during recession; and chart practicable ways of mitigating businesses’ risks and improve performances.

    Expected participants at the event include staff of financial institutions (Regulatory institutions, Deposit Money Banks, Development Banks, Microfinance Banks, Insurance Companies, Capital Market Operators), Academics, Government Ministries, Departments and Agencies (MDAs), NGOs and other key stakeholders in the Nigerian economy.

  • CIBN chief stresses banking ethics

    The President/Chairman of Council,  Chartered Institute of Bankers of Nigeria (CIBN) Prof. Segun Ajibola has said that ethics and professionalism are key ingredients of sound banking practice that should be embraced by bankers.

    Speaking yesterday at the floor of the Nigeria Stock Exchange (NSE) after sounding the closing gong, he said the CIBN was established to play critical role in achieving the Nigerian project and promoting ethics and professionalism in banking.

    He said the CIBN Tribunal has the power of a High Court to discipline errant members and bring sanity to the sector. He said the institute takes the issue of ethics and professionalism very seriously and will continue to support sound banking practice.

    Ajibola reiterated that the central place of the banking and finance industry in the economic value chain requires a workforce that is not only well-trained in the technical aspects of the profession, but have also imbibed the softer skills of high ethical standards and unimpeachable professional conducts.

    Ajibola also called on the Nigeria Stock Exchange (NSE), capital and financial market operators to support Nigeria’s drive for Foreign Direct Investment (FDI) inflows.

    “We play advocacy role for all stakeholders and promote ethics and professionalism in the banking sector,” he said.

    He said that to help the economy attract FDI, the CIBN in the hosting of the World Conference of Banking Institute (WCBI) in April next year.

    He said the WCBI would also provide an opportunity for Nigerian banking and finance professionals to interact and network with over a thousand delegates from all over the world.

    He said that the CIBN is reaching out to the international community and would use the WCBI conference to send Nigeria’s message to the world.

  • CIBN to Buhari: show commitment to diversification

    CIBN to Buhari: show commitment to diversification

    President/Chairman of Council, Chattered Institute of Bankers of Nigeria (CIBN), Prof SegunAjibola has urged the Federal Government and government at all levels to show strong commitment to the diversification of the economy.

    He spoke at this year’s annual dinner to commemorate the 80th anniversary of the Nigerian International Chamber of Commerce and Industry, held at the Metropolitan Club, Victoria Island, Lagos.

    The theme was: Impact of Prospective Policies on non-oil imports- The Nigerian Experience from 1986 to Date.

    Ajibola said government would need to set up a task force that would review the examples of other countries that had been in situation similar to Nigeria’s.

    According to him, government should support the small and medium sized enterprises (SMEs) by providing the enabling environment for business to grow and production of goods and services that would compete favourably in the global market.

  • CIBN boss harps on gains of flexible forex policy

    The President, Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola has praised the Central Bank of Nigeria (CBN) for introducing the flexible foreign exchange policy.

    Speaking during the 2016 Annual Bankers’ Dinner held in Lagos, he said, the policy would provide optimal solutions to the exchange rate challenges facing the country.

    He said Nigeria has also had its fair share of social and economic challenges in 2016. “The forex market continues to be stretched with the Naira exchanging to the dollar at a rate above 300 and 450 in the official and parallel markets respectively. Inflation rate increased to 18.30 per cent in October of 2016 while businesses continue to grapple with the not-too-encouraging operating environment,” he said.

    Ajibola explained that as a major stakeholder in the Nigerian project, the Institute engages with players in the industry and other allied sectors to support government and regulatory institutions’ efforts at addressing challenges facing the economy.

    On the need for competent workforce in the banking industry, the CIBN boss said the central place of the banking and finance industry in the economic value chain requires a workforce who are not only well-trained in the technical aspects of the profession but have also imbibed the softer skills of high ethical standards and unimpeachable professional conducts.

    “The syllabus of our Compulsory Continuing Professional Development (CCPD) programme was therefore not only developed to fill the needed skills and competencies gap in the industry but it is constantly being reviewed to remain cutting-edge. The Institute is also playing a central role in the Central Bank of Nigeria’s Competency Framework in the industry as the sole accreditation agency. As at date, eight bank academies have been accredited,” he said.

    Speaking on the state of the economy, he said this year has been awash with mixed feelings both at the global level and the domestic space. “At the beginning of the year, several projections were made and palpable apprehensions filled the air on the not-too-promising global economic outlook. As events unfold, some of these projections and apprehensions were confirmed while other events which defy experts and analysts’ forecasts continue to redefine the theory and practice of global politics and business,” he said.