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NAICOM threatens prosecution of collapsed building owners

    Thursday, 19 August 2010 00:00 From Abosede Musari, Abuja     INSURANCE industry regulator, National Insurance Commission (NAICOM), has threatened to prosecute the owner of the uncompleted four-storey building that collapsed off Gimbiya Street in Area 11, Abuja. The threat to prosecute the owner of the building, who […]

Insurers target robust industry to maximize benefits of local content law

      Thursday, 19 August 2010 00:00 By Joshua Nse   THE nation’s insurance industry must come together and harmonise strategies to actualise the objectives and challenges in the Nigeria Oil and Gas Development Act 2010. At a one-day seminar in Lagos on “Nigeria oil and gas Development Act […]

N400bn Banks’ Funds Idle at CBN

  By Emele Onu and Obinna Chima, 08.19.2010    Banks are said to have stacked an average of N400 billion at the Central Bank of Nigeria (CBN), over the past four months, in response to the operating environment that seems to discourage lending.   President of the Chartered Institute of […]