SINCE the expiration of tenure of SEC commissioners, nothing has been said. When is SEC Board going to constituted?
We don’t have power to constitute the Board, but I believe the relevant authorities and the honourable minister and relevant officers are aware that commissioners are on the Board. It is not only SEC, but other institutions that have a Board also. My colleagues have been very supportive, the directors; executive directors, particularly,the heads of departments have been extremely supportive to me.

DATA released on domestic and foreign portfolio participation on the Nigerian Stock Exchange for the month of June, showed significant improvement in the composition of domestic retail investors. What could be the reason for the renewed interest among them?
There are a number of factors that have happened in the market that have actually tended to show that the economy is on the path of recovery. Number one is that the government has come up with the Economic Recovery and Growth Plan, ERGP, which shows that there is some level of articulation that at least the government has a way to go.

COMMISSIONER for Insurance and Chief Executive Officer of the National Insurance Commission, NAICOM, Mohammed Kari, has called on the leadership of the Chartered Insurance Institute of Nigeria (CIIN) to reinvent the professional body and update its curriculum so as to adopt contemporary best practices for the overall benefit of the profession Kari who stated this at the investiture ceremony of Mrs. Funmi Babington-Ashaye as the 48th President of the CIIN in Lagos said that there is obvious need for a re-awakening to ensure trained professionals are continually retrained and equipped with prevailing skills and knowledge for optimal performance in line with international best practice.

CHIEF Executive Officer of Staco Insurance Plc, Dr. Sakiru Oyefeso, has said that the company is poised to capture a better share of the insurance market and create more value for its stakeholders using micro insurance concept as the growth driver.

ACCESS Bank has refreshed its mobile banking app with a set of new and exciting features. These additional features allow customers perform multiple functions including quick airtime top-up and funds transfer without signing on to the app.

FORMER Governor Chibuike Amaechi of Rivers State has accused the state government of allegedly forging documents to link him with corruption during his tenure as governor.

NATIONAL Insurance Commission (NAICOM) has cautioned insurance operators from generalising and publicising personal discontent with industry regulations.
Commissioner for Insurance, Alhaji Mohammed Kari gave this warning at the concluding session of the insurance conferenc

LAST weekend, Unilever Nigeria Plc, one of the oldest conglomerates in Nigeria rolled out an impressive second quarter 2017 (Q2 ’17) result showing revenue growth of 58 per cent and a jump in net profit by a massive 3873 per cent Year-on-Year (YoY).However, a quarter-on-quarter (QoQ) review shows a moderate growth rate in revenue at 3.4 per cent while net profit increased by 29.4 per cent. But both the revenue of N22.9 billion and net profit of N2.1 billion were ahead of most analysts’ estimates.

WE begin a review of First Half 2017 (H1’17) corporate scorecards with some form of spotlights on some select companies.
Lafarge Africa Plc which announced a second quarter 2017 (Q2’17) result last week, has excited investors amidst its controversial recapitalisation program. Revenue grew by 33.8 per cent Year-on-Year (YoY) while net profit was N14.57 billion, moving sharply from a loss of N28.37 billion same period of last year. Compared to Q1’17, however, revenue and profit before tax (PBT) were down 9.6 per cent and 7.7 per cent respectively.

NATIONAL Insurance Commission (NAICOM) said that 12 insurance companies were acquired in the last three years.
Commissioner for Insurance, Alhaji Mohammed Kari, who made the disclosure in Abuja, said that there were three foreign acquisitions in 2014, two in 2015, five in 2016 while talks to acquire two companies are now in progress.

FIDELITY Bank Plc has again demonstrated its desire to continuously improve on customer service with the introduction of a personalized self-service feedback system on its flagship Instant Banking Product *770#. This pioneering initiative, which is the first of its kind in the Nigerian banking industry, will take customer service a notch higher.

STANBIC IBTC Bank has launched a fresh customer value proposition targeted at high net worth individuals who desire an exclusive and differentiated banking service experience.

DIAMOND Bank Plc has achieved asset base of N2 trillion in the first half, H1 of 2017, while its profitability rose by 2.8 per cent during the period.
The bank disclosed this in its H1 2017 financial results released on the floor of the Nigerian Stock Exchange (NSE) in Lagos.

THE interbank money market will this week receive liquidity boost of N966 billion inflow from statutory allocation funds and payment of matured treasury bills (TBs). The expected inflow will revive market liquidity, which fell drastically last week by 92 per cent to N12 billion on Friday from N177.48 billion on Monday.

A 36 years old former News Agency of Nigeria’s correspondent, Ariyo Raphael Dare Atoye, has joined the Ekiti governorship race following the passage of the #NotTooYoungToRun bill by the Senate which has reduced the age bracket for people to contest governorship or presidential positions in Nigeria.