June 21, 2010  National Insurance Commission (NAICOM) has discovered accounting fraud in insurance annual reports. The commission has found out that most insurance companies failed to disclose their gross premium earned, reinsurance premium incurred, gross claims incurred and gross claims outstanding.  The regulatory body has also discovered […]
Author: InvestAdvocate
NBC’s turnover hits N90.2b
Jun 21, 2010 By Naomi Uzor The Nigerian Bottling Company (NBC) has announced a 13 per cent growth in its turnover to N90.2 billion in its 2009 financial statements from N80.1 billion recorded in 2008.In his statement at the 2009 annual general meeting of the company, Amb Olusegun Apata, […]
Inter-bank rates drop as FAAC disburses N207bn
 By Gbenga Agbana  Monday, 21 Jun 2010       Liquidity from the release of about N207bn from the Federation Account Allocation Committee last week, which hit the economic system crashed rates at the inter-bank market.  At the close of trading last week, the […]
