Author: InvestAdvocate

U.S. Sets 50 Bank Probes

November 17, 2010 by JEAN EAGLESHAM FDIC Steps Up Investigations at Failed Lenders; ‘These Numbers Will Increase’ The Federal Deposit Insurance Corp. is conducting about 50 criminal investigations of former executives, directors and employees at U.S. banks that have failed since the start of the financial crisis.   The agency […]

NSE to increase trading hours to 2.30pm; holds AGM on 231110

November 17, 2010   The Nigerian Stock Exchange (NSE) appear to have concluded plans to increase the trading hours from 1300hrs to 1430hrs with effect from December 1, 2010.   Proshare NI understands that this was a decision agreed to between The Exchange, SEC and the stockbrokers and should encourage […]

Insurance sector recorded N50bn premium growth in 2009 – Investigation

By Nike Popoola Wednesday, 17 Nov 2010 Despite the devastation inflicted by the global economic meltdown on many world economies, the Nigerian insurance industry was largely unaffected. Investigation by our correspondent showed that the industry’s premium grew by 33.5 per cent or N50bn from N150bn in 2008 to N200bn in 2009. […]