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New CBN report catalogues mess in power sector

  TUESDAY, 22 JUNE 2010 01:24    A new report prepared for the Central Bank and the Committee of Bankers has offered a comprehensive insight into the hapless state of Nigeria’s public power sector which has become a drainpipe into which more than one Ntrillion has been sunk, and is […]

Depositors of liquidated microfinance banks will be paid, NDIC boss

  Jun 21, 2010 By Babajide Komolafe   Last week, the Nigeria Deposit Insurance Corporation (NDIC) held a training programme for its examiners on risk based supervision.   In this interview, Alhaji Umar Ibrahim, acting Managing Director/chief executive of the Corporation, disclosed that the implementation of risk based supervision would […]

Custodian & Allied records N2.02bn profit

  Jun 21, 2010 Patience Saghana Custodian and Allied Insurance Plc recorded a gross profit of N2.02 billion for the year ended 31st December, 2009. The company’s gross premium increased by 29 per cent from N4.1billion in December, 2008 to N5.3billion in 2009.   The company holds the Nigerian National Petroleum […]