Page 3 - பெருநிறுவன தகவல்தொடர்புகள் துறை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Ndubuisi Francis in Abuja
The National Insurance Commission (NAICOM) has approved the new boards and managements of NICON Insurance Limited and Nigeria Reinsurance Corporation (Nigeria Re).
That was as Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, lamented what he described as the decay at NICON insurance, saying the company is one of the few bad cases of privatisation in the country.
Head, Corporate Communications Department, Asset Management Corporation of Nigeria (AMCON), Jude Nwauzor, disclosed the approval to the change of NICON Insurance and Nigeria Reinsurance boards in a statement. The statement said the changes were to enhance the smooth running, efficient and effective management of the two firms.
The Central Bank of Nigeria has asked the banking public to disregard any report alleging insolvency in the Nigerian banking sector, insisting that the Nigerian Deposit Money Banks and other financial institutions under its supervision are resilient, safe and sound.
This was disclosed by the apex bank via a statement issued by the Acting Director, Corporate Communications Department of the Bank, Osita Nwanisobi, in Abuja ahead of the Monetary Policy Committee meeting on Monday and Tuesday.
What CBN is saying
“The Nigerian banking system had proved to be very sturdy in spite of the global challenges posed by the coronavirus pandemic, in response to certain false and unfounded stories circulating in the social media attacking the soundness and safety of some Nigerian banks.
Nigerian banks resilient, safe, sound, CBN insists
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