Inter-bank lending rates inched higher last week to an average of 15.83 per cent, from 15.66 per cent the previous week, after a large cash withdrawal by the Nigerian National Petroleum Corporation and a tax remittance by telecoms company MTN drained liquidity from the system. NNPC, a major dollar supplier […]
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CBN sells N100bn in T-bills
The Central Bank of Nigeria has sold N100.62bn ($619.0m) in treasury bills with 91-day and 182-day maturity at its bi-monthly auction, with mixed yields compared with the previous auction. A statement by the bank on Friday said it sold N37.49bn worth of the 91-day paper at a return of 14.05 […]
Mergers will boost loss adjusting businesses  Mgbojikwe
The immediate President, Institute of Loss Adjusters of Nigeria, Mr. Darlington Mgbojikwe, speaks with NIKE POPOOLA on the relevance of loss adjusting profession in the insurance industry, and other related issues. What do loss adjusters do in insurance? The duties of loss adjusters include the inspection and investigation into the […]
