It is the second time the U.S. bank has stepped aside from a Chinese IPO candidate while U.S. securities regulators look into whether JPMorgan violated federal laws in hiring the relatives of current or potential clients with the sole purpose of winning business from them. JPMorgan has ended its IPO […]
Tag: Underwriters
NAICOM warns insurance firms against late account submission
The National Insurance Commission has warned insurance firms against delay in submission of their 2012 IFRS compliant audited financial statement. In a circular to the 31 underwriters listed on the Nigerian Stock Exchange, the commission observed that most of them were yet to submit their audited financial reports. It stated […]
Underwriters spend 80% of income on management –NAICOM
An average of 80 per cent of the total income of insurance companies in Nigeria is expended on management financing, which makes them to have the highest operational cost among their counterparts in Africa . The Deputy Commissioner, Technical, National Insurance Commission, Mr. Ibrahim Hassan, disclosed this during a workshop […]
