By Nike Popoola The insurance industry in West Africa requires a high level of technical support to handle emerging risks, particularly in the oil and aviation sectors. The Commissioner for Insurance, Mr. Fola Daniel, said this during the West African Insurance Companies’ Association’s educational conference in Lagos on Monday. He […]

By Yemi Kolapo Following the almost concluded merger and acquisition deals between the rescued banks and core investors, a formula for establishing the percentage ownership of all the parties to the recapitalisation deals may be approved on Thursday. Investigation by our correspondent revealed that the ownership structure would be determined […]

By Ademola Alawiye The Central Bank of Nigeria on Monday intervened in the foreign exchange market as it offered $400m for sale at the foreign exchange auction. The CBN, in a statement on its website, said, “Further to our circular Ref. FMD/FED/CIR/GEN/01/082/10 of December, 29 2010, the CBN hereby intervenes […]