The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Tuesday said high level of corruption, insecurity and “mixed signals in power and petroleum reforms†would affect the country’s economic growth. Sanusi said this while addressing journalists shortly after the Monetary Policy Committee’s meeting held at the apex […]
Author: InvestAdvocate
Underwriters spend 80% of income on management –NAICOM
An average of 80 per cent of the total income of insurance companies in Nigeria is expended on management financing, which makes them to have the highest operational cost among their counterparts in Africa . The Deputy Commissioner, Technical, National Insurance Commission, Mr. Ibrahim Hassan, disclosed this during a workshop […]
NSE stops operators from distributing market information
The Nigerian Stock Exchange has ordered operators in the Nigerian capital market to stop daily distribution of capital market information to clients and investors. This directive was part of the licensing directive given to market operators late last week. A source from the NSE who confirmed this to our correspondent […]