Capital market committees: Stakeholders seek closer monitoring of regulators

Capital market committees: Stakeholders seek closer monitoring of regulators

The need for effective supervision of self regulatory organisations (SRO) and enactment of laws barring officials of regulatory authorities in the capital market from sitting on the Board of public companies have been brought to the fore, as operators in the Nigerian Capital market have tasked the recently constituted committees set up by the Federal Government, for the design of a code of governance for capital market regulators and review of the Investment and Securities Act (ISA) on the need to address these gray areas which is likely to hinder the growth of the capital market.
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Motor, Life General business top N200bn industry income

Motor, Life General business top N200bn industry income

Of the N200buillion generated by the nation’s insurance companies in 2009, Motor, Life and General Accident businesses led with premium incomes of N41.66billion, respectively just as oil and gas which became visible four years ago as a result of a level playing field, raked in N25.53billion in 2009 alone. In the past, oil and gas insurance business used to be lumped up with marine and aviation insurance until 2006.

Oluwude nw NIA deputy Chair

Oluwude nw NIA deputy Chair

Crusader’s Oviosu floors IGI’s Olowude as NIA deputy chair Industrial and General Insurance’s Executive Vice Chairman, Mr Remi Olowude and Mr Olorunnimbe Oviosu, managing director of Crusader General Insurance slogged it out at the 39th Annual general meeting of the association in Lagos over manning the seat of the NIA Deputy Chairman just as Olowude’s second attempts was thwarted by number of votes.

ALGON exco spends N400m on jeep, BoT Chairman alleges

ALGON exco spends N400m on jeep, BoT Chairman alleges

CHAIRMAN, Board of Trustees, BoT of the Association of Local Governments of Nigeria, ALGON, Hon Umar Kashim Ibrahim has alleged that with the exit of the immediate Executive, the Association’s debt profile stands over N40 million, just as he accused them of expending about N400million being dues collected from members on the purchase of executive Sport Utility Vehicles, SUVs, for themselves

Foreign insurers invade Nigeria through banks

Foreign insurers invade Nigeria through banks

Foreign insurance companies are sneakingg into the country using Nigerian banks to sell their products in the country.
A South African based insurer, Sanlam Ltd recently teamed up with First Bank of Nigeria Plc to sell its insurance products in Nigeria.

Pressure on Sylva to name Bayelsa dep gov

Pressure on Sylva to name Bayelsa dep gov

Almost 10 days after the impeachment of the Bayelsa Deputy Governor, Rt. Hon Peremobowei Ebebi, the state governor, Chief Timipre Sylva had been operating without a deputy.

FG to probe activities of FMBN

FG to probe activities of FMBN

The federal government has commenced moves tp probe the activities of the board and management of the Federal Mortgage Bank of Nigeria (FMBN) in a bid to ascertain the veracity of the claims made in petitions made against the bank by various stakeholders.

APGA ‘ll liberate Abia – Umeh

APGA ‘ll liberate Abia – Umeh

Chief Victor Umeh, the National Chairman of All Progressives Grand Alliance (APGA), said weekend that the party was in a struggle to liberate Abia State from the claws of political mediocrity

Lagos reiterates commitment to efficient land administration

Lagos reiterates commitment to efficient land administration

The Lagos State government has reiterated its ommitment to deliver efficient land administration to members of the public.
Permanent Secretary, Lagos State Lands Bureau, Mr. Gbenga Ashafa, made the declaration at a ceremony to commission a newly constructed front desk office for the bureau.

Firm hosts confab on real estate market

Firm hosts confab on real estate market

A business and event organising company is set to bring together in Lagos stakeholders in housing and home acquisition to deliberate on the problems facing prospective home buyers, with a view to finding solutions to them.

EFCC arrests Briton for duping Fashanu N85m

EFCC arrests Briton for duping Fashanu N85m

The Economic and Financial Crimes Commission EFCC, weekend, arrested a Briton, David Littlechild for allegedly defrauding Nigerian Sports Ambassador, John Fashanu of over N85million.

Maggi competition: Transfering culnary skill from mother to child

Maggi competition: Transfering culnary skill from mother to child

The crucial role of a mother as a home-maker and by extension a nation builder cannot be over-looked; this prompted the Maggi Cook for Mama Competition, by Unilever Nigeria Plc, tagged: Savour the Goodness of Yam, a competition seeking culinary skill transfer from mother(s) to child(ren

Fidelity ends promo, more prices won

Fidelity ends promo, more prices won

The labourers must earn their wages; that is the saying of the Holy Bible, this was typical of what happened at the just ended Fidelity Bank’s Save & Smile Promo.