The MTN saga shook the banking industry like a storm. In August 2018 the Central Bank of Nigeria, CBN, announced sanction of N5.87 billion on four banks namely Standard Chartered Bank Limited, Stanbic IBTC Bank Plc, Diamond Bank Plc  and Citi Bank Nigeria Limited. The banks were accused of authorising remittances of foreign exchange with irregular Certificates of Capital Importation, CCI, issued on behalf of some offshore investors of MTN Nigeria Communications Limited. The CBN, therefore, asked the managements of the banks and MTN Nigeria Communications Limited to immediately refund $8.1 billion illegally repatriated by the company to the coffers of the apex bank.

Southern and Middle Belt Leaders Forum, yesterday, called on the Independent National Electoral Commission, INEC, to resist pressures from those bent on sabotaging the 2019 elections, who are allegedly asking for compromise of the polls.

The authentic Urhobo Progress Union, UPU, worldwide youth wing, the apex socio-cultural group in Urhoboland, has absolved Delta State University, DELSU, Abraka of negligence in the murder of Miss Elozimo Ogege, a 300 level student of Mass Communication of the institution.

In this interview, Head, Agric & Micro Insurance at Leadway Assurance, Mr. Ayoola Fatona suggests ways to deepen micro insurance acceptance among SMEs.

AS the insurance year 2018 comes to an end today, industry operators have shared with Insurance Vanguard what they considered the main challenges of the sector during the year.