The local underwriting firms that insured the crashed Dana Air plane have told the National Insurance Commission that the aircraft was insured for a combined limit risk of $350m (N54.95bn). The local underwriters, who disclosed this to officials of the commission during a meeting on Wednesday, also expressed their readiness […]
Author: InvestAdvocate
Compulsory leave: Oteh meets Okonjo-Iweala
The Director-General, Securities and Exchange Commission, Ms. Arunma Oteh, has met the Minister of Finance, Dr. Ngozi Okonjo-Iweala, over her suspension by the SEC Board. A source close to Oteh , told our correspondent on Wednesday, “Well, the DG has already taken the case to her direct supervisor on Wednesday […]
Forex auction: CBN increases dollar sales to $400m
In a bid to reduce the pressure in the foreign exchange market, the Central Bank of Nigeria on Wednesday increased its dollar sales to $400m at the bi-weekly auction of the apex bank, from $300m sold on Monday. The CBN sold $400m at N155.90 to the United States dollar, compared […]
