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Spring Bank post 136.25% loss in 2009 FYE, no dividend

  By investadvocate June 21, 2010- 12:20 GMT   Spring Bank Plc (Springbank) has posted a loss of 136.25 percent (136.25%) in its 2009 Financial Year End (FYE) released on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria. The bank made the loss when its Profit/Loss after […]

NAICOM discovers fraud in insurers’ annual reports

  June 21, 2010   National Insurance Commission (NAICOM) has discovered accounting fraud in insurance annual reports. The commission has found out that most insurance companies failed to disclose their gross premium earned, reinsurance premium incurred, gross claims incurred and gross claims outstanding.   The regulatory body has also discovered […]

Diamond Bank Grooms Capacity of SMEs

    Diamond Bank Plc is building the managerial capacity of entrepreneurs to the level they can easily succeed in their respective businesses.    The bank’s Head, Retail Banking and New Products Developments, Mr. Garry Marsh, reiterated the commitment of the bank to impact positively on small and medium enterprises. […]