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.

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.

The National Chairman, Constance Shareholders Association of Nigeria, Mr. Shehu Mallam Mikail, in an interview with Financial Vanguard spoke on the merger between Cement Company of Northern Nigeria, CCNN Plc and BUA Cement, saying that shareholders will benefit more from the combined entity. He also said that the merger will also enhance the output of cement production in the country. Excerpts:

In this interview, Deputy Commissioner for Insurance,  Technical, at the National Insurance Commission, NAICOM, Mr. Sunday Thomas, harps on the need for prompt payment of claims and other issues. Excerpt: