Author: InvestAdvocate

Controversy over implementation of compulsory building insurance policy

By STANLEY OPARA The implementation of the compulsory insurance of buildings above two floors as stipulated by the Insurance Act, 2003, is being threatened by conflicts over property valuation and applicable premiums, STANLEY OPARA writes The enforcement of the Insurance Act, 2003, which makes it obligatory for owners of properties […]

Life insurance motivates savings culture

  By NIKE POPOOLA Mr. Femi Asenuga is the managing director and chief executive officer of Mutual Benefits Life Assurance Limited, a subsidiary of Mutual Benefits Assurance Plc. He tells NIKE POPOOLA how to address the challenges confronting major life insurance policies in the country What are the features of […]

BofA finds it hard to shake off mortgage troubles

Bank of America’s income falls 39 percent on mortgage troubles; lending losses improve Pallavi Gogoi, AP Business Writer NEW YORK (AP) — Bank of America Corp. is still trying to shake off troubles arising from mortgages written during the housing bubble. Higher fees from battling lawsuits and costs related to […]