Author: InvestAdvocate

Fitch: Nigerian Insurance Industry Ready for Further Consolidation

26 March 2014: Fitch Ratings says in a new report that it believes that the Nigerian insurance market is ripe for further consolidation as insurers seek to increase scale and investor interest develops. Fitch expects foreign investors seeking an entry point to the market to continue to do so through […]

CBN Confirms Fire Incident at Lagos Office

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Following yesterday evening’s fire outbreak at the Lagos office of the central bank of Nigeria (CBN), the CBN in a statement Wednesday evening confirmed the incident; but assured stakeholders and the general public that all is under control. This is contained in a statement Wednesday […]

Suspicious Fire Guts CBN Lagos Office

The office of the Central Bank of Nigeria (CBN) at Tinubu Square in Lagos Island, Lagos was on Tuesday gutted by fire, an incident that has triggered lots of suspicious suggestions. While some CBN staff attributed the source of the fire, which began at exactly 5.40pm, to a power surge, […]