By Nike Popoola Thursday, 3 Feb 2011 The National Insurance Commission has ordered operators in the industry to fully disclose details of transactions above prescribed limits to the Nigeria Financial Intelligence Unit in line with the provisions of the Money Laundering (Prohibition) Act, 2004. The operators are also to report to […]

ByAdemola Alawiye Thursday, 3 Feb 2011 Following the expiration of the deadline given to customers of commercial banks to update their accounts, the various Deposit Money Banks have said that they are waiting for the next line of action from the Central Bank of Nigeria. Some bank officials told our […]

By Ademola Alawiye Thursday, 3 Feb 2011 Shareholders of Sterling Bank Plc on Wednesday approved the decision of the board that the financial institution should operate as a national bank. The decision follows the new guidelines by the Central Bank of Nigeria, which categorises banks into three segments. The apex body […]