July 12, 2016/AfDB/ASEA The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) signed a 5-year Memorandum of Understanding (MoU) to amplify the impact of their strategically aligned joint efforts to promote resources mobilization to fund Africa’s economic growth. This MoU will provide a collaborative framework for harmonizing […]
Updates
Nigeria’s economy likely to shrink this year –IMF
July 12, 2016/Punch Nigeria’s economy will most likely contract this year as energy shortages and the delayed budget weigh on output, the International Monetary Fund has said. “I think there is a high likelihood that 2016 as a whole will be a contractionary year,” the IMF Country Representative in Nigeria, […]
IEI Says will Divest 81% Stake in IEI-Anchor Pension Manager
By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, International Energy Insurance Plc (IEI) said it will divest its 81 percent equity stake from its pension subsidiary, IEI-Anchor Pension Manager. “We refer to Section 1.10 (b) (v) of the National Insurance Commission (NAICOM) Operational Guidelines (Insurers & Reinsurers) prohibiting Insurance companies in Nigeria from investing […]
