The National Insurance Commission (NAICOM) last month wielded the big stick against UTIB Insurance Brokers. The broker was suspended for six months over what regulatory body described as unethical practices involving N314 million premium.
THE new Contributory Pensions Scheme which the National Pensions Commission ordered the Central Bank to start implementing is already causing some anxiety among the staff of the apex bank.
FORMER chairman, Centre Point Bank, Dennis Odife said yesterday that if the governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi must succeed in his present reforms in the banking sector, there was the urgent need to ensure that there was what he called consistent participant input.
Standard & Poor’s on Friday called for industry-wide regulation to restore confidence in rating agencies, giving its initial take on a draft bill that would put credit raters on a short leash.
The Mortgage Banking Association of Nigeria (MBAN), the umbrella body for all Primary Mortgage Institutions (PMIs) in Nigeria, has declared that the mortgage banking industry in the country is stable and sound, in an apparent move to boost public confidence in the sector in the wake of recent reforms in the banking industry.
Oceanic Bank Interna tional Plc has restated its commitment to excellent customer service with the adoption of a new corporate campaign tagged today is a good day.
As the PDP begins the process of electing its gubernatorial candidate from a list of forty-seven aspirants which includes the former Governor of the Central Bank, Prof Chukwuma Soludo, Senators Annie Okonkwo, Ikechukwu Obiora, Emma Anosike and Prof Ilochi Okafor, among others, the 5-member panel led by Governor Gabriel Suswam, has warned that the party would not hesitate to disqualify any aspirant associated with any form of malpractice and violence.
To meet the escalating demand for content and connectivity across Africa, SES WORLD SKIES, a division of SES S.A), says Netcom Africa has signed a multi-year deal to expand its delivery of telecom and broadcast television services throughout Nigeria and West Africa.
The object of the earlier articles in this series is to show that the Central Bank’s (CBN) condemnation and indictment of banks is as hypocritical as the proverbial ‘pot calling the kettle black’! Indeed, the CBN’s posturing assumes an immoral colouration, because in reality, the malaise in the banks was actually instigated by the failure of the apex bank to effectively perform its secondary role as the official regulator and supervisor of the money market.
World leading man ufacturer of mobile phones, Nokia last week opened an experience centre in Nigeria.The new centre, first of its kind in Nigeria is located along Simbiat Abiola Road, Ikeja and is aimed offering customers the opportunity of getting first hand experience on the array of Nokia mobile phones before proceeding make their purchase from the retail dealer outlets.
A SIGNIFICANT breakthrough on ethnic confrontation was achieved last week Wednesday, when the Chairman of Warri North local government, Dr. Godwin Ebosa, successfully brokered peace accord between Itsekiri people of Obonteghareda and Ijaw of Ogbonbiri communities.
Fidelity Bank Plc has been named the Most Socially Responsible Company (MSRC) in Nigeria for the promotion of Arts at the 3rd Social Enterprising Reports and Awards (2009) organized by Tru-contact and the Nigerian Institute of Public Relations (NIPR).
Mrs Lilian Ekwunife, representing Anaocha/Njikoka/Dunukofia Constituency in the House of Representatives, has picked the Peoples’ Progressive Alliance (PPA) form to contest for the governorship of Anambra state in 2010.
The four new Executive Directors approved for Union Bank of Nigeria PLC have resumed duty. They are Messrs Philip Ikeazor, Ibrahim Abubakar Kwargana, Folashodun Adebisi Shonubi and Adekunle Adeosun.
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- Tough one for Nyako as embittered Speaker takes over in Adamawa
- 25 Boko Haram members nabbed in Enugu
- Fashola gives N17m to Ikeja bomb blast families
- Wamakko’s sack : Mixed reactions greet in Sokoto



