By Nike Popoola The National Insurance Commission has set up an Anti-Money Laundering and Combating Financing of Terrorism compliance unit to eliminate money laundering and terrorism financing in the insurance industry. The Commissioner for Insurance, Mr. Fola Daniel, disclosed this during the AML/CFT directors’ awareness workshop in Lagos on Thursday. […]

By PAMELA SAMPSON – AP Business Writer BANGKOK (AP) — Asian stock markets were sharply lower Friday amid signs of a possible U.S. recession and renewed worries over the health of Europe’s banks. Oil prices fell to near $81 a barrel in Asia, extending a major sell-off fueled by investor […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christians may be gearing to endorse the proposed Islamic or Non Interest banking by the Central Bank of Nigeria (CBN). Muda Yusuf, the Director General (DG) of the Lagos Chamber of Commerce and Industry (LCCI) made this disclosure recently in a forum organised by ValueFronteira […]