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.

THE scarcity of funds which pervaded the interbank money market towards end of last week will intensify this week as the Debt Management Office (DMO) issues N135 billion worth of FGN bonds. Last week, the money market experienced acute scarcity of funds as the Central Bank of Nigeria (CBN) stepped up its liquidity mop up efforts by offering N431 billion worth of treasury (TBs).

NATIONAL Union of Banks, Insurance and Financial Institutions Employees, NUBIFIE, has recommended that funds in the Treasury Single Account, TSA, be injected into the banking system to re-energize the sector and the economy in general.

CORNERSTONE Insurance Plc is offering its customers a free one month cover on motor insurance policy for their loyalty and patronage. The company each year rewards its customers through her “Ember Promo” where customers pay premium for 11 months and get 12 months’ insurance cover (pay for 11 months and get one month free).

The inflation figure just released by the National Bureau of Statistics, NBS, showed a declining inflation but rise in food inflation, which could affect the investible income of retail investors and their willingness to participate in the capital market. In this interview, Mr. Samson Amedu, Managing Director/CEO, Alangrande Securities Limited, said that food inflation as […]

THE interbank money market will  this week experience outflow of N241 billion through treasury bills (TBs) and FGN Sukuk Bond auctions, prompting uncertainty over the direction of movement in cost of funds.