The Assistant Director, (Inspectorate), National Insurance Commission, Dr. Sam Onyeka, has said the Organisation is partnering with the Nigerian Financial Intelligence Unit to ensure full compliance with anti-money laundering laws in the insurance sector. He said this during a sensitisation programme on, ‘Anti-money laundering and combat of financing of terrorism […]
Author: InvestAdvocate
Nigeria’s Central Bank Plans N5.0 billion Capital Base for Mortgage Banks
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday said it will set a N5.0 billion minimum Capital requirement for Mortgage Banks. This is contained in CBN’s Circular affirming it has approved an exposure draft of the regulatory and supervisory framework for the operations of a mortgage […]
UPDATE 1-Nigeria’s Wema Bank to raise 35 bln naira by end-April
* Wema to become national lender again * Bank was one of nine that nearly collapsed during a crisis (Adds details, background) (Reuters) – Nigerian regional lender Wema Bank said on Thursday it will complete a 35 billion naira ($220 mln) private share placement to strategic investors by the end […]
