In line with its tight monetary policy regime, the Central Bank Nigeria (CBN) at the weekend withdrew a total of N127.97 billion naira from the system, through sale of treasury bills (T-bills). The CBN sold N32.488 billion of 91-day T-bills at a yield of 11.95 percent. The central bank also […]
Author: InvestAdvocate
Linkage Assurance to issue 2.897 billion ordinary shares
Board of Linkage Assurance Plc has said that it plans to raise 2.89 billion ordinary shares in the authorised share capital of the company, through a special placement, at a price of 50k per ordinary share. During an extraordinary general meeting of the firm in Lagos, the shareholders endorsed this […]
Dana: ‘Letter of Administration needed for claims settlement’
The Managing Director, Prestige Assurance, Mr. Anand Mittal, has said that the underwriters of the Dana Aircraft that crashed in Iju Ishaga, Lagos in June will commence the payment of the remaining 70 per cent of the insurance claims to the relatives of the victims when they produce letters of […]
