Recapitalisation: NIA backs NAICOM as 7 more insurance firms clear hurdle
By Emma Ujah & Rosemary Iwunze The National Insurance Commission (NAICOM) has announced seven more insurance companies that have scaled the recapitalization hurdle, following a 14-day period granted to eight insurance companies for final verification and regulatory review With this development, forty-eight (48) insurance companies and two (2) reinsurance companies have been confirmed and verified as compliant […]
Power: FG recovers $64.63m electricity debts from Benin, Niger Republics – Fashola
The Federal Government announced, Monday, that it has recovered over $64.63 million electricity debts owed it by international customers in Benin Republic and Niger Republic.
Senate to increase AMCON powers for speedy loan recovery
THE Senate is set to increase the powers of the Asset Management Corporation of Nigeria (AMCON) in order to facilitate its debt recovery m
Microfinance loan not govt fund, but private sector investment – Olive MfB boss
Microfinance loan not govt fund, but private sector investment – Olive MfB boss
Worry, as other banks lose market share to big 5
Capital market operators and investors have expressed concern that the widening gap between tier-1 and tier -2 banks may lead to loss of depositors’ confidence in tier-2 banks as full results of 14 banks listed on the Nigerian Stock Exchange, NSE, in the first nine months of this year (9M’17) point to increasing dominance of the market space by the tier-1 banks to the detriment of the tier-2 banks.
Tinubu to streamline office of NCRIB president
NEWLY elected President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Shola Tinubu, has pledged to streamline the office of the president to a ceremonial role by giving the Executive Secretary/Chief Executive Officer and his team a level of empowerment as it is obtainable in other professions and climes.
