Developers under the aegis of Association of Real Estate Developers of Lagos State (AREDOLS), have faulted some aspects of the proposed Lagos State Physical Planning and Urban Development Law.

The Financial Services Authority (FSA) has fined a County Down mortgage broker for failures which led to fraudulent mortgage applications being submitted to lenders.

The National Insurance Commission (NAICOM) has released policy guidelines for the insurance industry in 2010.
The commission in a release to Vanguard said the 2010 Insurance policy and operational guidelines shall form part of the regulatory and supervisory tools for the year in accordance with the provisions of section 49 (1) of Insurance Act of 1997.

National Insurance Commission (NAICOM) and the Nigeria Insurance Association (NIA) are banking on the new code of ethics for insurance companies and the proposed market agreement between insurance firms to curb industry abuse and sharp practices among insurers. Last week NAICOM released a new code of ethics which became effective January 1st 2010 to guide insurance operators.

Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), Dr. Uju Ogubunka says it is possible for bank customers to safeguard their money in a bank against distress and he explains how this can be achieved.