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Stakeholders Differ On Import Duty In Auto Policy Review.
Deji Alabi, Lagos
With the growing support for the downward review of import duties in the automotive policy currently on review, a lone voice has canvassed the retention of the duty to prevent job loss from the sector.…
Fuel Subsidy Gulps N623.16Bn In 11 Months, Says NNPC.
BARBARA BAKO, Abuja.
Records of the Federal Account Allocation Committee (FAAC) have shown that the national oil company, the Nigerian National Petroleum Corporation (NNPC), who is the sole importer of petrol products into the…
Finance Minister Stops N18Bn Recapitalisation For Insurance Underwriters.
The Finance minister, Zainab Ahmed has stopped the insurance regulator, the National Insurance Commission (NAICOM) from announcing a new capital requirements of N18 billion for underwriters in the country.
The new capital requirements…
NAICOM Withdraws SIP Guidelines For Joint Review With Brokers.
The National Insurance Commission (NAICOM) has caved in to the demands of the Nigerian Council of Registered Insurance Brokers (NCRIB), cancelling and withdrawing the guidelines on State Insurance Providers (SIP) policy ahead of a committee…
NAICOM Cancels, Withdraws State Insurance Agency’s Guidelines
The National Insurance Commission (NAICOM) has caved in to the demands of the Nigerian Corporation of Registered Insurance Brokers (NCRIB), cancelling and withdrawing the guidelines on State Insurance Providers (SIP) policy that private…
Insurance Regulator, NAICOM Cancels Tier-Based Recapitalisation.
Relief has finally come the way of insurance underwriters in the country as the sector regulator, National Insurance Commission (NAICOM) has cancelled the Tier-Based Minimum Solvency Capital (TBMSC) model of recapitalisation which seeks to…
NAICOM To Earn N74m From New State Agencies.
Baring any last minute change in the new guidelines expected on state agencies, the National Insurance Commission (NAICOM) will be richer by N74 million if the 37 state governments including the Federal Capital Territories (FCT) agree to…
Finance Ministry Faults NSE’s Onyeama, SEC’s Amos Azi, Others On Oando’s Suspension Saga.
The Finance Ministry has faulted the manner in which the Nigerian Stock Exchange (NSE) lifted the technical suspension on the shares of Oando Plc noting it was without due authorisation.
The ministry also faulted the roles of some top…
NDIC Begins Liquidation Of Bauchi Microfinance Bank As CBN Revokes License.
Owing to liquidity issues which stemmed from the inability of the shareholders to inject funds, the Central Bank of Nigeria (CBN) has revoked the Licence of Garu Micro-Finance Bank in Bauchi, few weeks after the collapse of Skye Bank.…
Buhari, Atiku Square Up For 66.9 Million Votes In 2019
OLADELE OGUNTIMEHIN
The various political parties drew curtain on their primaries to produce flagbearers for the 2019 general elections on Sunday with Pointer that the real contest will be between the representatives of the All…