The Nigerian capital market investors started trading bullishly on Monday with the Nigerian Stock Exchange’s All Share Index (ASI) rising by 0.16 percent or 16 bases points over the last trading’s ASI to close at 27,035.78 points. Largely, the positive trend in the index was buoyed by gains recorded by some blue chip stocks, including […]
The Securities and Exchange Commission (SEC) has removed the regularisation deadline earlier set for shareholders that opened accounts for the purchase of shares with different names to regularise them. The removal of the deadline, which was confirmed in a statement by the commission issued on Sunday, was part of the outcome of the third Capital […]
The Nigeria Sovereign Investment Authority (NSIA) on Thursday disclosed that it posted N68.3 billion as profit from January 2018 to June 30 this year from its various investment activities. The Managing Director of state-owned investment authority, Mr Uche Orji, who made the disclosure at the end of the National Economic Council (NEC), meeting held in […]
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr Umaru Ibrahim, has restated the corporation’s zero tolerance for corruption and all forms of malpractices in the implementation of its mandate and activities. Giving the assurance during the inauguration of four new members to the corporation’s Anti-Corruption and Transparency Unit (ACTU) by the Chairman of […]
The National Insurance Commission (NAICOM) has charged operators in the nation’s risk underwriting sector to prioritise improved service delivery as a strategic option of satisfying customers and by implication, grow the industry and improve its contributions to the Gross Domestic Product (GDP). The Acting Commissioner for Insurance, Mr. Sunday Thomas, gave the charge in his […]
With just about eight months to the dealine set by the National Insurance Commission (NAICOM) for all insurance companiesin the country to recapitalizeor forfeit their licences, some shareholders in the entities are seeking an extension of the June 2020 date based on their findings as to the state of the financial capacity of the risk […]
The Nigeria Deposit Insurance Corporation (NDIC) on Friday said it had paid a cumulative sum of over N11.93 billion as insured amount to depositors of closed licensed banks between 1994 to date. The payments comprised N8.25 billion paid as insured amount to 442,999 depositors of closed DMBs; N2.97 billion paid to 83,415 depositors of closed […]
The National Insurance Commission (NAICOM), has restated the importance of the ongoing recapitalization agenda to the nation’s risk underwriting industry, saying its successful completion will position operators on a stronger footing that would be beneficial to the industry and the nation’s economy. The acting Commissioner for Insurance, Mr. Sunday Thomas, who made this remark at […]
The Pension Transitional Arrangement Directorate (PTAD) has disclosed that 10,357 pensioners in federal Ministries, Departments and Agencies (MDAs) have been verified under the Defined Benefit Scheme (DBS) in the ongoing Fifth Phase of the Parastatals Pensioners’ verification exercise in the South Eastern part of the country. The exercise, which commenced on Monday August 26 across […]
The Central Bank of Nigeria (CBN) has released a new regulatory template guiding all forms of electronic payments and collections for public and private sectors in the country. The apex bank stated that the monetary policy measure, which was taken furtherance of its powers under enabling Act 2007, was a revision of the Guidelines on […]