•National Assembly complex, Abuja Yesterday passage of the Insurance Bill by the House of Representatives has set the stage for a new capital base for insurance companies. The newly passed Bill specifies details of insurance business in the country and how the industry will be regulated, reports The Nation. The House concurred with the Senate,...
A high-level tripartite committee of the three major regulators of the financial services sector has been formed to scrutinise new funds being raised by banks under the ongoing recapitalisation in the banking sector. Members of the committee are drawn from Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and Nigeria Depo...

