The value of the naira dipped against the United States dollar at the three segments of the forex market Monday due to strong demand for the greenback. In fact, an intervention by the Central Bank of Nigeria (CBN), which increased dollar supply at its regulated Wholesale Dutch Auction System (WDAS) […]
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Nigerians should expect increase in inflation rate – Analysts
Financial analysts have said that Nigerians should expect an increase in inflation rate in coming months, pointing to global increase in food prices as a contributor. Analysts at Financial Derivatives Company Limited in a bulletin made available to our correspondent on Monday said, “Using trend analysis, we estimate the national […]
AIG keen to sell bank, expand mortgages: CEO
American International Group Inc is planning to sell its savings and loan business as soon as a federal panel labels the insurance giant “too big to fail,” its chief executive said on Monday. But even without a banking business, AIG is now looking more aggressively at making and purchasing mortgages […]
