By Okechukwu Nnodim Nigeria’s net foreign exchange inflow in the first quarter of 2011 amounted to $1.16bn, an improvement compared to the $2.16bn net outflow recorded in the preceding quarter. The Central Bank of Nigeria, in its Economic Report for the first quarter of 2011, said foreign exchange inflow and […]

By Ademola Alawiye Analysts have said that inter-bank rates will rise as a result of liquidity tightness in the financial market after the Eid-il-Fitr celebrations. Analysts at First Security Discount House in their weekly report said, “Transactions in the Nigerian financial market this week will be reduced to three days […]

By Nike Popoola As the era of universal banking comes to an end, the National Insurance Commission is set to reverse the bancassurance straategy, the Commissioner for Insurance, Mr. Fola Daniel, has said. Under the bancassurance strategy, an insurance company uses banking halls in different parts of the country to […]