The state-controlled insurer said its first-quarter profits jumped by 45% year-on-year.

The Central Bank of Libya has published a response to recent comments by Abdullah al-Thanay, who accused the bank's governor of "overstepping his competencies".

The company says it earned around LD40.7m ($32.6m) in insurance premiums during the first quarter of 2014.

Figures from the country's largest insurer suggest margins narrowed in the first three months of the year.

Libya's largest bank says its first-quarter profits dropped by more than a third, with the sector undergoing a significant downturn.

The interim prime minister has accused the governor of the Central Bank of Libya (CBL), Sadeeq al-Kabir, of acting beyond his jurisdiction and obstructing the government’s work.

Another major bank heist is reported to have taken place, this time in Tripoli, highlighting ongoing security worries.

The Libyan Stock Market (LSM), which runs the Tripoli bourse, saw its first-quarter loss increase by around 5% year-on-year.

First-quarter figures report that net profits fell by more than 50% year-on-year.

The Central Bank is holding more awareness-raising events about the transition to sharia-compliant banking.

Gumhouria Bank, Libya's largest lender by asset size, has opened its 155th branch.

Sahara Bank has reportedly closed all its branches for the second day running after the Central Bank levied a fine of LD100,000 ($80,000) for failing to adhere to regulations.

The general manager of the Libyan Foreign Bank says it plans further investments in Jordan, citing the country's "political and economic stability."

The chairman of the Libyan Investment Authority (LIA) says the fund plans to hire external investment firms to manage about $11bn (LD13.8bn) of its assets under a restructuring plan.

A Benghazi branch manager says there is no shortage of cash in Gumhouria's branches in the city, attributing long queues to the recent closure of banks due to "civil disobedience" and strike action.