WE are happy that domestic retail investors are returning. This is because of what we see in the economy now.

NATIONAL Insurance Commission (NAICOM) says it is working on applying statutory deposits of insurance firms to defray unpaid claims and that it will sack the chief executive of any company whose deposit is applied.

Multiple taxation, especially double taxation of dividends has always been a burning issue in the Nigerian capital market. In this interview with Financial Vanguard, Mr. Godwin Anono, Chairman, Nigeria Professional Shareholders Association, NPSA, said it is disincentive to investment in the stock market and called on the federal government to cut tax.

SOVEREIGN Trust Insurance Plc said it has recorded a growth of 3.3 percent in its balance sheet size and 32 percent in its investment income respectively for the year ended December 2016.

NDIC, insured deposits for individual customers in Microfinance Banks, MfBs, has reached N200, 000. Though this development provides significant security for depositors President, National Association of Microfinance Banks, NAMB, Mr. Rogers Nwoke, who disclosed this in an interview with Financial Vanguard, lamented that liquidity is not well distributed at all levels of the financial system in the country.

LAST week we presented a general outlook for stocks in the cement sector and concluded that on a basket perspective the stocks are worth investing in short to medium term even now that bullish sentiment still dominates the market.

BENJAMIN Mkapa, Tanzania’s former President, has warned Nigeria to resist pressure to sign the Economic Partnership Agreement, (EPA), with the European Union, because according to him, such contracts are counterproductive. Mkapa sounded this warning as guest speaker at the 45th Annual general Meeting of the Manufacturers Association of Nigeria (MAN) on September 14, 2017 in […]

Chairman of Pension Fund Operators Association of Nigeria (PenOp), and Managing Director, AIICO Pensions, Mr. Eguarekhide Longe, in this interview talks on ongoing engagement with the National Assembly on the bill to amend the Pension Reform Act 2014 to exclude members of the Nigeria Police, the Nigerian Security and Civil Defence Corps, Nigeria Customs Service, Nigeria Prison Service, Nigeria immigration Service and the Economic and Financial Crimes Commission from the CPS and other related matters. Excerpts

FORTIS Microfinance Bank, MfB, Plc is set to raise N10 billion corporate bond on the floor of the Nigerian Stock Exchange, NSE.

STANDARD Alliance Insurance Plc has announced plans to embark on share reconstruction to enable the board and management reposition the company, create more value to its shareholders, improve the company’s standing in the market place and put the company in a strong position to declare dividend.

IEI-Anchor Pension Managers Limited said it witnessed a 23.4 per cent growth in Assets under Management (AuM) moving from N47 billion in 2015 to N58 billion in 2016.

President of the Nigerian Council of Registered Insurance Brokers, NCRIB, Mr. Kayode Okunoren, in this interview speaks on efforts of the Council to avoid sanctions from the regulator. Excerpts

AFRICA Reinsurance Corporation (Africa Re) said its South Africa’s (ARCSA) Managing Director, Daryl De Vos, has resigned. De Vos’ resignation in a letter to the board of directors of Africa Re South Africa takes effect from September 1, 2017.

United Bank for Africa (UBA) Plc, has emerged best institution in two esteemed categories at the Interswitch Awards and Gala.

CHARTERED Institute of  Bankers of Nigeria (CIBN) and the Association of Corporate Affairs Managers of Banks (ACAMB) have pledged to collaborate to enhance public perception of the banking industry.