By InvestAdvocate Lagos (INVESTADVOCATE)-Transnational Corporation of Nigeria (TRANCORP) Tuesday posted a 71.8 percent (71.8%) growth in Profit After Tax (PAT) for the Period Ended June 30 2012. This is contained in the Second Quarter (Q2) 2012 Report of the Conglomerate Giant to the Nigerian Stock Exchange and made available to […]
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Nationalisation of PHB, Spring, Afribank fraudulent – Reps panel
The House of Representatives Ad-Hoc Committee on the Near-Collapse of the Capital Market, has said that the nationalisation of Afribank Plc, Bank PHB and Spring Bank by the regulatory authorities was fraudulent. The committee listed Sanusi and Oteh among other officials to be investigated by the Economic and Financial Crimes […]
NAICOM cancels 32 insurance brokers’ licences
The National Insurance Commission has cancelled 32 licences of insurance brokers and suspended two others for various infractions. The Commissioner for Insurance, Mr. Fola Daniel, stated this, in a presentation to the House of Representatives in Abuja. He said, “32 licences of insurance brokers have been cancelled, while two licences […]
