U.S. authorities said on Monday they had found no direct links between Islamic State militants and the gunman who killed 49 people at a gay nightclub in Orlando, describing him...
We reported earlier on “a proposal to limit the over the counter cash withdrawal by bank customers to N10,000 which has been tabled before the Central Bank of Nigeria (CBN). The...
The introduction of the Solvency 2 regime in the regulation of insurance industry is compelling insurers to concentrate more effort on building strong reserves than dishing out returns on investment....
No fewer than 50 persons, including a 29-year-old gunman, Omar Mateen, were killed on Sunday in an attack on a gay nightclub in Orlando, Florida in the United States. The...
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of African Reinsurance Corporation (Africa Re) (Nigeria)....
The Nigeria’s Non Performing Loans, NPL, ration stood at 10.1% as at April, 2016, the Central Bank of Nigeria has said. The sudden rise in the NPL is said to...
With its liberalised loan conditions and very low interest rate, the Bank of Agriculture (BOA) has become the preferred lender for manufacturers of leather products in Aba. To this end,...
Poor state of insurance regulation , lack of reliable data and statistics, low capital requirements, as well as limited enforcement of regulatory provisions have been identified as major draw backs...
The Senate on Tuesday directed its Committee on Banking, Insurance and Other Financial Institutions to immediately organise a public hearing to investigate the result of a survey that revealed that...
Moroccan insurance Company, Saham Finances, one of the biggest Pan African insurance Groups is considering another major investment in Nigeria, after two initial investments that enhanced the take up of...