Following the recent crash of a Dana aircraft, the Chartered Insurance Institute of Nigeria has said that insurance firms will decide on the need to raise premium. The CIIN President, Dr. Wole Adetimehin, said this during a press conference on the rescheduling of the institute’s international education conference. Adetimehin said, […]
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Inter-bank rates climb higher on cash shortage
Inter-bank lending rates climbed higher to an average of 15.66 per cent last week, from 14.5 per cent recorded the previous week, after the Nigerian National Petroleum Corporation recalled a portion of its deposits with some banks and forex purchases drained liquidity. Currency traders said the market opened with a […]
Dangote Regains Stock Exchange Presidency
Business mongul, Alhaji Aliko Dangote, will tomorrow take over as the President of the Nigerian Stock Exchange (NSE), following the ruling of the Court of Appeal in Lagos last Friday upholding his three appeals against cases that led to the nullification of his election as president of the exchange. Dangote […]
