National Insurance Commission, NAICOM, has issued new guidelines to oversee the operation of takaful industry in Nigeria. Takaful is a type of Islamic insurance, where members...
By Omoh Gabriel African Development Bank is exploring how structured finance techniques can mobilize African domestic capital to support economic infrastructure projects and economic growth. The...
By Omoh Gabriel The World Bank yesterday disclosed that 1.2 billion persons are living under $1.2 a day of which sub-sahara Africa accounts for one-third of...
By Omoh Gabriel Business Editor in Washington D.C The Minister of Finance and Coordinating Minister of Economy Dr. Ngozi Okonzo-Iweala said in Washington that the ability...
By Omoh Gabriel The International Monetary Fund and the World Bank Group yesterday said that Urbanization helps pull people out of poverty and advances progress towards...
Investors on the Nigerian Stock Exchange (NSE) staked N5.85 billion on 573.76 million shares traded in 7,232 deals on Wednesday. The volume increased by 40.56 per...
Naira lost 10k to the dollar at the Central Bank of Nigeria (CBN) biweekly Wholesale Dutch Auction System (WDAS) on Wednesday. The apex bank disclosed this...
Nigeria’s stock exchange is reviewing applications from some leading global investment banks to join its trading floor, as reforms aimed at improving liquidity and transparency bear...
Carlyle Group is looking at a number of banks in east and West Africa for a potential investment, its Africa co-head said, as the U.S. private...
The Central Bank of Nigeria (CBN) said on Monday that it sold foreign exchange worth $300 million in the 26th Wholesale Dutch Auction System (WDAS). The...
The rebasing of Nigeria’s GDP, which is expected to increase the estimated size of Nigeria’s economy by around 40 per cent, is likely to be delayed...
Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a positive note with market capitalisation appreciating by N163 billion due to...
The Nigerian Export-Import (NEXIM) Bank said on Wednesday that it would execute a 60 million dollar Regional Sealink Project for West and Central Africa. The project,...
By Omoh Gabriel Lagos Chamber of Commerce and Industry, a body of organised private sector operators in the Nation’s commercial center, weekend said that though the...
By Omoh Gabriel The International Monetary Fund IMF has asked the Federal Government to reduce poorly-targeted fuel subsidies, adopt a rule to set the reference oil...