Author: InvestAdvocate

CBN clears sacked bank chiefs for new jobs

  Lagos, Jun 28, 2010 By Omoh Gabriel & Victor Ahiuma-Young   Indications emerged, weekend, that the Central Bank of Nigeria, CBN, has been secretly giving clearance to executive directors of  the rescued banks, raising questions as to why they were sacked in the first instance. Some top management staff […]

Underwriters dare NAICOM on claims payment

  Jun 28, 2010 By   Insurance companies in the country may be daring the National Insurance Commission (NAICOM) on the regulator’s resolute to ensure that underwriters meet their claims obligations as claims ratio of some insurance companies are still below 10 per cent.The claims ratios is claims payable as […]

How we returned Union Bank to the path of profitability, Osibodu

  Jun 28, 2010 By Omoh Gabriel, Business Editor   Two weeks ago, the Managing Director of Union Bank, Mrs Funke Osibodu, who was drafted for a two-year rescue mission to Union Bank, one of the eight rescued banks, had an interactive session with business editors in her office. Below […]