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AIO suspends Prestige, SA, IGI for failure to pay subscription fees

Naira

THE African Insurance Organization,   AIO, has   suspended   Prestige Assurance Plc, Standard Alliance Plc and Industrial and General Insurance (IGI) for failure to pay subscription fees for more than three consecutive years.

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Nigerian capital market not advanced enough for e-Annual Reports – Shareholders

The Securities and Exchange Commission, SEC, should not force the capital market to fly when it is yet to learn how to walk steadily. We are yet to fully appraise the import and fallout of e-dividend system, how effectively it has created problems (financial terms) for the retail investors, semi-literate investors, absentee investors, and investors in diaspora. The dust has not settled.

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Penalties are signs of inefficiency by company’s mgt — Igbrude

It is good for managers of companies to give account to their shareholders in respect of what they did within a particular reporting period. The regulators are there to ensure that managers of companies obey such rules as stated by law. The rules are meant to strengthen the institutions, to make them function effectively and ensure that managers of such companies are cautious that there are people watching them. To me, it is a good development. Besides this, when a particular company or firm is consistently not reporting or not meeting up to the directive, there must be something wrong.

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MPC to retain policy rates as N266bn inflow boosts interbank liquidity

FINANCIAL market analysts were, weekend, united in their projections about the outcome of the Central Bank of Nigeria’s 118th Monetary Policy Committee, MPC, meeting holding today and tomorrow. They argued that recent developments in the foreign exchange market and in emerging markets have eliminated the possibility of the MPC reducing the Monetary Policy Rate, MPR.

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Sterling Bank grows shareholders’ value by 20.1%

STERLING Bank Plc has  assured its shareholders that it will continue to enhance its stakeholders’ value as it recorded 20.1 percent rise in shareholders’ funds to N102.9 billion in 2017 as against N85.7 billion recorded in the financial year 2016. It further assured the shareholders of sustaining and enhancing its dividend payments in the future as they approved the declaration of two kobo dividend per ordinary share of 50 kobo for the financial year ended December 31, 2017.

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Russia 2018: Winners in the FirstBank Visa Gold Card promo

FIRST Bank of Nigeria Limited in partnership with Visa International has announced the emergence of two lucky winners, Mrs. Hadizat Bello and Mr. Ado Ibrahim Idris, in the just concluded FirstBank Visa Gold card issuance and usage promo. The winners along with their partners will be going on a five day all-expense paid trip to Russia to watch the 2018 FIFA World Cup.

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