06.29.2010    Standard & Poor’s (S&P) has said that Nigerian banks continue to look extremely risky, despite a bailout of the sector last year.Reuters quoted the Managing Director for Financial Institutions at S&P, John Gibling, as telling a Nigeria conference yesterday :”The Nigerian banking system is very high risk.” […]

  Lagos, Jun 28, 2010 By Omoh Gabriel & Victor Ahiuma-Young   Indications emerged, weekend, that the Central Bank of Nigeria, CBN, has been secretly giving clearance to executive directors of  the rescued banks, raising questions as to why they were sacked in the first instance. Some top management staff […]

  Jun 28, 2010 By   Insurance companies in the country may be daring the National Insurance Commission (NAICOM) on the regulator’s resolute to ensure that underwriters meet their claims obligations as claims ratio of some insurance companies are still below 10 per cent.The claims ratios is claims payable as […]