Reps Order NAICOM To Postpone Insurance Industry’s Recapitalisation Deadline       The House of Representatives has directed the National Insurance Commission (NAICOM) to suspend the December 31, 2020 deadline given to insurance and reinsurance firms to increase their minimum paid up capital. The House resolution followed a motion...

CBN Sets Standard For Banks On Compliance Officers         The Central Bank of Nigeria has given a directive to merchant banks and regional banks to appoint chief compliance officers on a grade not below an assistant general manager. It said this in an administrative letter to all...