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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 […]

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 […]