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Capital market operators should be bracing up for recapitalisation programme as indications emerged that the Securities and Exchange Commission (SEC) may introduce new minimum capital requirements.
The Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for its recent extension of deadline for recapitalisation of insurance and reinsurance companies in the country, describing it as a step in the right direction.
The National Insurance Commission (NAICOM) says 2020 is a year to turn around the fortunes of the insurance industry.
The National Insurance Commission (NAICOM) has extended the recapitalisation deadline for Insurance and Reinsurance Companies earlier slated for June 30, 2020, to December 31, 2020.
The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.
Mr. Umar Dankane, Executive Director, Business Development and Portfolio Management of the Federal Mortgage Bank of Nigeria has said that the bank needs a N500 billion recapitalisation fund for optimal performance.
The National Insurance Commission (NAICOM) has restated that the recapitalisation of insurance companies has the huge potential to cause a positive shift in the market and overall economic health of the country.
Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk at the weekend assured that the 10-year developmental master plan of the commission will be reviewed and tailored to totally align with the current economic realities.
In the bid to restructure the Bank of Agriculture (BOA) for efficiency, the Federal Government has moved to divest 60 per cent of its stakes in the bank.
The Federal Government says it will finalise the recapitalisation of the Bank of Agriculture (BoA) in 90 days, in collaboration with the Bureau of Public Enterprise.
The Central Bank of Nigeria says the revised categories of MicroFinance Banks, which give them up to April 2020 to recapitalise, is to ensure their continued operations in the economy.
The managing director/CEO, Consolidated Hallmark Insurance Plc, Mr. Eddie Efekoha, has charged his colleagues in the business of insurance to shore up their capital base, irrespective of the cancellation of the recapitalisation exercise by the National Insurance Commission (NAICOM).
Mohammed Magaji, the National Publicity Secretary, All Farmers Association of Nigeria, has called on the Federal Government to recapitalise the Bank of Agriculture for effective farming activities in the country.
Shareholders on Monday commended the National Insurance Commission (NAICOM) over the cancellation of the Tier Based Solvency Capital recapitalisation.
The controversial recapitalisation exercise in insurance industry, tagged Tier Based Solvency Capital increase, initiated by the insurance industry regulator, the National Insurance Commission (NAICOM), has been cancelled. The commission officially announced the cancellation at the weekend through a circular dated Novermber 23, 2018 circulated to all insurance companies.
The Central Bank of Nigeria (CBN) has urged media practitioners to collaborate with financial regulators in the country to educate depositors on financial literacy and inclusion. The Head, Financial Inclusion Secretariat, CBN, Mrs Temitope Akin-Fadeyi...
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