L-R: Director General Securities and Exchange Commission (SEC), Mr. Lamido Yuguda; member, Senate Committee on Capital Market; Sen Oseni Yakubu; and Executive Commissioner Corporate Services SEC Mr. Ibrahim Boyi during a meeting between the Senate Committee and the SEC in Abuja.
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors. The initiative was disclosed on Monday in a statement signed by the commission’s Director, Claims Resolution Department of the Corporation, Mrs. […]
The Miners Association of Nigeria (MAN) has bemoaned the incidence of multiple taxation on the mining sector, describing the ugly development as capable of undermining government’s current efforts targeted at improving the nation’s ‘Ease-of-Doing-Business’ rating in the sector. The President of the association, Mallam Sani Shehu, was quoted as expressing the concerns of investors in […]
Analysts at Fitch Ratings have warned that sustained low interest rates, increased role of alternative investment managers and accounting changes will have long-term credit implications for the global life insurance industry, especially in 2022. Specifically, the rating agency stated that pressure on financial performance of legacy in-force business from low interest rates was not expected […]