By Nike Popoola Thursday, 17 Feb 2011 The Commissioner for Insurance, Mr. Fola Daniel, has said that the National Insurance Commission has been able to raise the level of insurance premium retained in the country by 20 per cent in the last three years. Daniel disclosed this in an exclusive interview […]
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NDIC to fund budget deficit with N28bn reserves
By Chiawo Nwankwo and Ifeanyi Onuba, Abuja Thursday, 17 Feb 2011 THE Nigerian Deposit Insurance Corporation has said it will fund its 2011 budget deficit with its N28bn reserves. The corporation has a budget outlay of N9.72bn, while its income for the year is estimated at N28.61bn. Investigation by our correspondents […]
Activities dip as index sheds 0.5%
By Udeme Ekwere Thursday, 17 Feb 2011 The downward trend recorded in equity trading on the Nigerian Stock Exchange continued after the Eid-el-Maulud break with market indicators closing lower. Analysts traced the lull in activities to the diversion of funds from the capital market to the money market due to the […]
