The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said that government increased its borrowing in securities by N700bn in four months. The governor disclosed on Thursday in Lagos that government also reduced its savings to commercial banks and with the CBN by about N1.4tn during the same period. […]
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Insurers move to increase number of policyholders
Underwriting firms appear to have seen the need to expand their market reach by introducing affordable insurance policies that can easily attract voluntary purchase and increase the percentage of policyholders from less than one to about 30, NIKE POPOOLA writes When the enforcement of the compulsory insurance policies began through […]
GTBank sacks 100 workers, promotes 500
Guaranty Trust Bank Plc has sacked 100 workers in the just concluded annual appraisal exercise of the bank for the 2013 financial year. The bank said, in a statement made available to our correspondent on Sunday, while 100 workers were sacked, 500 workers were promoted. It said, “The exercise resulted […]
