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Exodus On The Exchange
By Chukwumah Kelechukwu
For varied reasons that have heightened worries, companies are leaving the Nigeria Stock Exchange (NSE) in droves, a development that underlines bad policies, weak economy and regulatory…
Why FG Replaces Frank Kokori With Insurer As NSITF Chair.
The need to put a technocrat that fits the technical and strategic nature of the operation of the National Social Insurance Trust Fund (NSITF) informed the replacement of Frank Kokori with an insurance practitioner, Austin…
PoS’ 15% Failure Rates On NIBSS Signals Impending Crisis.
By Chukwumah Kelechukwu
Transaction failures at Point of Sales hit 15 percent early morning Saturday, April 2019, a sign that electronic payments facilitated by the Nigeria Inter-Bank Settlement System (NIBSS) during the Easter…
Presidency Detects Alleged N11.635bn Padding Of Refund To Delta, Taraba By Federal Parliament
KEHINDE AKINTOLA
In what appears to be another case of padding and violation of procurement procedures by the federal legislature, the presidency has frowned at an inflation of N11.635 billion on the…
New Access Bank Targets N30bn Pre-Tax, Operates All Branches
The new Access Bank, the outcome of the merger of Diamond and Access Bank commences operation today April 1, targeting N30 billion pre-tax synergy in an operation to be leveraged on its combined strength, focusing on array of services to…
Guidelines On Govt Assets Ready As NAICOM Plans N18bn Capitalisation.
Three months after the Finance minister, Zainab Ahmed halted a new capitalisation for the insurance sector, the industry regulator, National Insurance Commission (NAICOM) is ready to announce a new policy that may compel composite firms to…
Pension Directorate Auditing Standard Alliance Life, Unic, Others For N11bn Retirees Fund
By Edet Udoh
In its determined efforts to recover all obligations under the Legacy Fund, Pension Transitional Arrangement Directorate (PTAD) has begun audit of assets surrendered by five insurers to determine whether their values equate…
Aliko Dangote Now 64th Richest In The World
…Worth $16.6bn, still number 1 in Africa
President of Dangote Group, Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 64th richest person in the world, with an estimated worth of $16.6 billion, as…
NAICOM Licenses GOXI To Bring Grassroots Into Insurance Net.
By Edet Udoh
The National Insurance Commission (NAICOM) has approved the application of GOXI to operate as a state Composite Micro-insurance Company, blazing the trail in that segment of the market.
GOXI, the first to be licensed by…
Obasanjo,IBB Among 25 World’s Richest Politicians
Two Nigeria’s former heads of state, President Olusegun Obasanjo and Ibrahim Babangida have been named among the 25 World’s Wealthiest Politicians according to survey by Investing.com
Investing.com owned by Fusion Media …