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 […]
Tag: Nigeria
Nigeria’s Central Bank Retains Rate at 12%
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-Again Nigeria’s Central Bank Tuesday retained its Interest Rate at 12 percent (12%) as part of the decisions taken at its Communiqué No. 88 of the Monetary Policy Committee Meeting of Monday and Tuesday March 18-19 2013. The CBN retained MPR at 12% with interest […]
Naira Slips 2nd Day Before Nigerian Central Bank Rate Decision
Nigeria’s naira weakened a second day against the dollar as reduced demand for the West African nation’s bonds put pressure on the currency before a central bank meeting where the key rate will probably be maintained. The currency of Africa’s biggest oil producer fell as much as 0.1 percent […]
