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Loan default: MFBs laud CBN’s special court plan

By Agency Reporter Thursday, 24 Feb 2011 The National Association of Microfinance Banks has commended the Federal Government over its new plan to establish a special court to try loan defaulters. Officials of the association gave the commendations in separate interviews with the News Agency of Nigeria in Lagos on […]

NAICOM suspends IAA’s management

By Agency Reporter Thursday, 24 Feb 2011 The National Insurance Commission, acting in accordance with its statutory powers under (part V11) of the NAICOM Act 1997, has suspended the management of Investment and Allied Assurance Plc from office with immediate effective. According to a statement by NAICOM on Wednesday, in […]

GM seen posting first full-year profit since 2004

  By Bernie Woodall and Deepa Seetharaman DETROIT (Reuters) – Back from the brink with the help of U.S.taxpayers, General Motors Co is expected to report its first annual profit since 2004 with fourth-quarter earnings curbed by rising commodity costs and the drag from its European operations. GM’s results, due […]