The Nigerian insurance industry contributes a ‘whooping’ one per cent to the National GDP. What a contribution from an industry! The insurance gap today is 96 per cent. In other words, one insurance scheme covers less than five per cent of the entire population. Customers tend to paint the insurance […]
Author: InvestAdvocate
Yahoo shares jump as Alibaba’s revenue surges ahead of IPO
Yahoo Inc’s shares rose as much as 9 percent in heavy trading on Wednesday, a day after Chinese internet company Alibaba Group Holding Ltd, in which it holds a 24 percent stake, reported a surge in quarterly revenue. At least nine brokerages raised their price targets on Yahoo’s shares ahead […]
Nigerian naira falls on increased dollar demand
Nigeria’s naira currency weakened against the dollar on the interbank market on Wednesday, with the dollar in demand as importers sought to meet their foreign exchange needs. The local unit closed at 162.30 to the dollar, weaker than 161.75 Tuesday’s closed. Traders said dollar supply from oil companies and offshore […]
