The National Insurance Commission (NAICOM) has sanctioned the acquisition of Oceanic Life Insurance Limited, a former subsidiary of the defunct Oceanic Insurance Company Limited by a leading South African insurer, Old Mutual. The new entity is to be known as Old Mutual Nigeria Life Assurance Company Limited (OMNiLAC). Under the […]
Author: InvestAdvocate
UPDATE 2-Credit Suisse to pay $400 mln to end U.S. bond lawsuits
* Arizona, AllianceBernstein, Lloyds, MetLife, Pimco settle * Credit Suisse reduces Q4 profit by 134 mln Swiss francs * Jury selection was to begin March 28 By Katharina Bart and Nate Raymond Credit Suisse Group AG has agreed to pay at least $400 million to settle lawsuits by investors over […]
Realizing the Aspirations of All Algerians
Townhall speech by Christine Lagarde, Managing Director of the International Monetary Fund Algiers, Thursday, March 14 Introduction Governor, honorable participants. Bonjour. As-salaam ‘alaykum. I am delighted to be here this morning. Let me begin by thanking the Algerian government for inviting me to your spectacular country. I am also […]