Unclaimed dividend is the property of retail shareholders and becomes the property of the company that paid it after 12 years period that the shareholders could not claim it as stipulated by law.

In line with our strategic road-map, the Commission has set out reforms needed to re-position the Nigerian insurance sector to effectively serve our growing population and most importantly the financially under-serviced low-income segment. Notwithstanding Nigeria’s vast population, insurance had a mixture of myth, misunderstanding and ignorance defining it.

THE IMF’s steering committee warned that global growth is at risk of faltering in coming years amid uncomfortably weak inflation and rising geopolitical tensions.

At the beginning of my tenure, I highlighted my thrust of office and the challenges that were facing us as a professional body. Though it was not a bed of roses, yet the Council recorded some modest feats in the last two years. One is adding greater value to members. I am most delighted that today, it is a pride for any member to belong to the NCRIB, because of the added value members are getting from the Council.

AFRICA Reinsurance Corporation, Africa Re, has disclosed that increased insurance penetration among farmers will help to drive the federal government’s agricultural transformation agenda.

ADEOSUN: The luxury tax planned by the Federal Government is being finalized now, because it cuts across the ECOWAS. There is a legal process you must go through, including the customs union to actually vary the specific taxes.

THE economic recoveries witnessed in the first half of 2017 did not shield the banking sector from some adversities in the form of rising bad loans. Industry stakeholders have said that the impact is still being felt negatively as banks’ customers were not able to meet their financial obligations on loan repayment, resulting to 14 banks booking N177.3 billion impairment losses for the period.

I EXPECT the third quarter (Q3:17) performance of companies quoted on the Nigerian Stock Exchange, NSE, to be better than the corresponding period in 2016. You know there was economic recession during that period, but Nigeria exited in June this year.

BANK of America Corp beat expectations with a 15 percent rise in third-quarter profit on Friday as the second-largest U.S. lender kept a tight leash on costs and benefited from higher interest rates.

THE National Insurance Commission (NAICOM) says it has commenced review of insurance companies’ capital base to ascertain the deployment of current capital base.

STOCKS on Wall Street ended the week higher as investors reacted to the latest retail sales and inflation data.

US banking giant Wells Fargo is still being haunted by its actions in the run up to 2008 financial crisis.

AT the backdrop of continued agitation for improved access to credit for small business operators, Microfinance sector leaders are linking economic development to sustained credit to the under-banked segments of the society.

NATIONAL Insurance Commission (NAICOM) said it is set to sanction any insurance company that charge inappropriate rate from 2018.

CHAIRMAN of Investment and Securities Tribunal (IST), Mr. Isaiah Idoko-Akoh, has assured investors and other stakeholders in the nation’s securities market of speedy resolutions of disputes.