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Intelligence
Financial Reporting Council Now Rudderless, Sinking
By BADEJO ADEMUYIWA
Until that particular day in the first legislative session (1999 – 2003), federal lawmakers always stroll to their respective chambers in flowing Babaringa with broad smiles and banters. Despite the banana!-->!-->!-->…
Equities Market In Dilemma
By CHUKWUMA KELECHUKWU
Last December, Abiodun Keripe, Afrivest's Head of Investment Research bought the shares of Zenith Bank Plc for clients at about N18.50 per share and by last month, January precisely, the stock had risen to N22…
National Stadium: Lagos To Bid With SPV
To be able to participate in the concession to re-invent the dilapidated National Stadium in Surulere, Lagos state will have to set up a Special Purpose Vehicle (SPV) and join others to bid in the concession which fresh attempt has…
Tracking The Complex Web Of Money Drawn From An Opioid Maker
Ninety minutes outside London, a turn down a narrow lane leads past fields of grazing cattle to a sign warning “Private Keep Off.” Around an elbow bend, a great stone manor, its formal gardens and tennis court hidden behind thick hedges,…
NAICOM Watches As Standard Alliance Ignores Insurance Client’s N1.44m Benefit.
In a manner that could further scare away prospective clients and worsen public perception of the industry, Standard Alliance Insurance Company has continually defaulted on payment of N1.44 million benefit to Mack Abdul Ogbamosa, months…
Kari Hands Over To Sunday Thomas As Tenure Ends.
Sunday Olorundare Thomas, the deputy Insurance commissioner (Technical) has taken over the reins in acting capacity at the National Insurance Commission (NAICOM) as curtains fell yesterday on the tenure of Mohammed Kari, the immediate past…
ATMs, PoS’ Collapse Looming On Worsening NIBSS’ Platform Failure
By CHUKWUMAH KELECHUKWU
Sophie Ajewole, a resident of Egbeda in Lagos woke up 9am, for an interview scheduled for 11am at the highbrow Lekki, also in Lagos state. She hurriedly booked a taxi cab, hoping to get some money from an Automated…
Real Reasons Ganduje Wants Sanusi’s ‘Royal’ Blood
JACOB AJAKAIYE, Kano
Going by the ‘hard tackles’ from the sitting governor of Kano State, Governor Abdullahi Umar Ganduje to Emir Sarkin Sanusi, it wouldn’t be difficult for any discerning observer and political watcher of the…
NIBSS’ 21% Failure Rate Mars Eid-El-Fitri Celebration.
By CHUKWUMA KELECHUKWU.
Bank customers all over Nigeria had a hectic time using the electronic channels to transact on Tuesday as operations of the Nigeria Inter-Bank Settlement System (NIBSS) were marred by unprecedented…
Insurance Stocks Lift NSE As NAICOM Increases Underwriters’ Capitalisation By Over 200%.
..push All Share Index to 1.74 percentage gain on Monday
By Chukwumah Kelechukwu
The insurance segment of the Nigerian Stock Exchange (NSE) reacted sharply to the new capital requirements of the industry,…