Author: InvestAdvocate

50% insurance firms yet to submit 2009 accounts to NAICOM

    MONDAY, 04 OCTOBER 2010 01:00  MODESTUS ANAESORONYE     Exactly three months after June 30 statutory deadline given to insurance companies by the National Insurance Commission (NAICOM) to submit their full year audited financial result only about 50 percent of the over 49 firms have complied with the directive. […]

UBA launches three new products

  MONDAY, 04 OCTOBER 2010 00:00 BY FAITH OPARAUGO   United Bank for Africa (UBA Plc), has launched three trade’s related products designed to boost trade and commerce in Africa.Basically, the products, AfriTrade, AfriCard and AfriCash, which were launched in Lagos recently, will leverage on the growing continental presence of […]

Rescued banks recover N540.7bn bad loans – Investigation

    By Ademola Alawiye  Monday, 4 Oct 2010   The special audit by the CBN and the NDIC may be over but the struggle by the rescued banks to recapitalise and recover bad loans is still on. Ademola Alawiye examines how far the banks have gone in recovering bad […]