A High Court in the Federal Capital Territory, Abuja, has ordered AIICO Insurance Plc to refund N1.23m to a public servant named Gboyega Bello, being the premium paid for a life insurance policy. Justice Maryann Anenih of the Abuja High Court, who presided over the case, also ordered that an […]

Nigeria’s naira firmed 0.30 percent against the U.S. dollar on Monday, after one oil company sold the greenback to some lenders and the central bank intervened to prop up the currency. The local unit closed at 164.40 to the dollar, up from Friday’s close of 164.90. The naira has been […]

The uncertainty that have trailed the economy following the suspension of the Central Bank of Nigeria Governor, Mr. Lamido Sanusi, and combined effect of political tension in the country and the recent commencement of quantitative easing by the United States may lead to low subscription of Federal Government bonds in […]