The Central Securities Clearing System (CSCS) Plc, which is the clearing house for the Nigerian capital market will settle and clear N11.4 trillion Federal Government of Nigeria (FGN) bonds at the over the counter (OTC) market this year. This projection shows 54 per cent increase over the N7.4 trillion FGN […]
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Corruption, insecurity threaten economic growth –Sanusi
The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Tuesday said high level of corruption, insecurity and “mixed signals in power and petroleum reforms†would affect the country’s economic growth. Sanusi said this while addressing journalists shortly after the Monetary Policy Committee’s meeting held at the apex […]
Underwriters spend 80% of income on management –NAICOM
An average of 80 per cent of the total income of insurance companies in Nigeria is expended on management financing, which makes them to have the highest operational cost among their counterparts in Africa . The Deputy Commissioner, Technical, National Insurance Commission, Mr. Ibrahim Hassan, disclosed this during a workshop […]
