Haruna Magaji, Author at Financial Watch

NAICOM issues new capital requirements for the Insurance Industry

NAICOM approves MD/CEO for FIN Insurance

October 3, 2016 Haruna Magaji

The National Insurance Commission (NAICOM), the apex regulatory authority in Nigeria’s insurance market, has confirmed the appointment of Polycarp Osee Didam as the Managing Director/Chief […]

NSE Facilitates N11tn Securities Investment in 10 Years

Why most insurance stocks trade at 50 kobo

October 3, 2016 Haruna Magaji

Equities listed on the insurance sector of the Nigerian Stock Exchange (NSE) have continued to experience low patronage from investors turning most of them into […]

CBN: 37% of Nigeria’s population remains unbanked

CBN to dismiss compliance offices of banks over performance

October 3, 2016 Haruna Magaji

Central Bank of Nigeria (CBN) has threatened to suspend and dismiss any Executive Compliance Officer (ECO) and Chief Compliance Officer (CCO) found wanting in the […]

List of Nigerian banks USSD short codes for mobile transactions

$14.52bn Loans: Banks Go After Power sector Investors

October 3, 2016 Haruna Magaji

Banks and other lenders in Nigeria are on the trail of power sector investors in a fresh loan recovery move to recoup over $12.52 billion […]

CBN Enhances Minimum Qualifications for Banks CCOs to Ensure Compliance

October 1, 2016 Haruna Magaji

In its attempt to ensure strict compliance with all extant regulations; particularly those relating to foreign exchange transactions, Financial Action Task Force (FATF) and Anti-Money […]

Diamond Bank Drags APC Chieftain to Court Over N212m Debt

Bank News: Diamond Bank Changes Products’ Nomenclatures

October 1, 2016 Haruna Magaji

Diamond Bank Plc has announced the change of names of six of its flagship financial products. According to the Bank, the name change was borne […]

The Frail Nigerian Economy and The Shortfalls of Petrochemical Industry

September 26, 2016 Haruna Magaji

BY Aniagbaoso I This short article aims at addressing the economic woes that have bedevilled our great country since the global price of oil began […]

FG Says Payment For Civil Service Jobs’ Forms Is prohibited

Fate of workers improperly recruited into Federal civil service by the Jonathan administration

September 25, 2016 Haruna Magaji

It is a worrying dimension of the so-called national question that the process leading to the employment of 4, 904 civil servants by the Federal […]

What does the President carry in his pocket?

September 22, 2016 Haruna Magaji

There is this apocryphal tale that the President of the United States of America, said to be our planet’s most powerful country, travels carrying a […]

Oni joins FirstBank Board as Odubola Retires

First Bank denies violating FG’s directive on TSA

September 18, 2016 Haruna Magaji

First Bank has denied violating the Federal Government’s directive on the Treasury Single Account in respect of a Nigerian National Petroleum Corporation (NNPC) dollar account. […]