For the second year running, some insurance companies have allowed their shares to be technically suspended by the Nigerian Stock Exchange (NSE) for late submission of their financial results.

Unity Bank Plc has promoted its deserving staff in an exercise aimed at boosting the morale of its workforce. A total of 340 benefited from the promotion exercise which has been done by the Management in the last four years.

Despite the euphoria that greeted the establishment and operations of microfinance banks (MFBs), the upheaval in the financial sector, particularly the microfinance sector, has dimmed their candle light as most of them are battling undercapitalization, huge non-performing loans, poor corporate governance, huge investment in fixed assets, weak capacity, insider related abuses, and poor asset quality.

Nigerian Council of Registered Insurance Brokers, (NCRIB) has thrown its weight behind UnityKapital Assurance Plc tagging it a broker-friendly company even as the insurance intermediaries tick the underwriter as brokers’ choice.

Guaranty Trust Assurance Plc (GTAssurance) said it does not undercut in its product pricing rather it has the reputation of an insurance company that can deliver and meet obligation.