THE committee set up for the establishment of Abuja Municipal Area Council’s (AMAC) Microfinance Bank (MfB) has been mandated to make report available in four weeks time.

THE House of Representatives has summoned the Management of the National Insurance Commission (NAICOM) and the Amalgamated Union of Public Corporations, Civil Service, Technical and Recreational Services Employees (AUPCTRE) to a meeting in Abuja tomorrow to find a lasting solution to the endless feud between both parties.

A TOTAL of 218 complaints were resolved by the National Insurance Commission (NAICOM) for which N5 billion claims were settled by insurance companies to aggrieved policyholders in 2016.

IN a bid to promote local foods and strengthen the domestic market, Heritage Bank Plc, has sponsored Season-3 of Bukas & Joints, hosted by Olisa Adibua, a respected media personality on the African continent.

Please stop charging stamp duty of N50 on current account transaction. Do not contravene the CBN directives. Remain the First to follow the laws governing banking in Nigeria. Cheers

TOP Services Limited (TSL) has unveiled plans to float a N20 billion Real Estate Investment Trust (REIT).

MULTIPLE taxation that characterises the nation’s stock market has continued to be criticized by stakeholders who have beckoned on the government to address the issue.

Well, it is a welcome development to the stock market as well as the aviation industry. I came here to the floor of the NSE as an investor to hear what the company has to offer. From the presentations of the fact behind the listing of the shares on the Exchange, I am satisfied.

As against the previous structure where you have about 25 or 29 civil servants there, more of private sector operators should be in the Board of FRC, including shareholders because when there is a default, it is the shareholders money that is being used.

THE National Insurance Commission (NAICOM) will take action against non-compliance of insurance companies to prune their management expenses as 50 companies spent N91billion and N95 billion in 2015 and 2016 respectively, bringing the two years total expenditure to N185 billion.

INSURANCE industry will begin to rake in a whopping N212billion income from third party insurance if the Bill currently at the National Assembly to increase 3rd party from N5,000 to N20,000 sails through.

DIAMOND Bank has recorded two significant milestones in its digital banking drive with the signing up of record two million subscribers each on its flagship mobile banking app –Diamond Mobile app, and its Diamond Y’ello account.

THE naira appreciated in the forwards segment of the foreign exchange market indicating rising confidence buoyed by recent increases in the nation’s foreign reserves.

There is no over regulation. The regulation is very well in place. We are set to acquire investment that can make societal impact such as in infrastructure. However the environment is not ready. Contractual and regulatory environment does not seem ready because you need to have everybody speaking the same language because infrastructural investment takes time and a lot of planning.

By Babajide Komolafe THE last thing any bank customer expects in this age is a bank branch operating in darkness. That was the experience of a bank customer as reflected in one of the complaints below. Some of the complaints also show that some banks are yet to perfect the mobile money applications and money […]