-Declares share diminutive loss  By Peter OBIORA investadvocate Sept 20 2010 07.29 GMT     Lagos–Insurance Giants Cornerstone Insurance Plc (Cornerstone) has recorded a N1.435 billion underwriting profit in its year 2009 Financial Year End (FYE), as the company declared a share diminutive loss.  Mr. […]
Author: InvestAdvocate
CBN sells $300 million foreign exchange at Dutch auction
MONDAY, 20 SEPTEMBER 2010 The Central Bank of Nigeria (CBN) offered $300 million (about N45 billion) worth of foreign exchange for sale at the Wholesale Dutch Auction System (WDAS). In a statement recently, the apex bank said that the foreign exchange was completely subscribed to at the 49th […]
Inflation rises to 13.7% year-on-year in August
MONDAY, 20 SEPTEMBER 2010 01:00    Consumer inflation rose to 13.7 percent year-on-year in August from 13.0 percent the previous month, the National Bureau of Statistics said weekend. Growth in food prices, which form the bulk of the inflation index basket, also rose to 15.1 percent […]
