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World Bank continues war against poverty at Spring Meeting

World Bank continues war against poverty at Spring Meeting

By Kingsley Igomwenghian Deputy Editor (Washington DC)   Again, the World Bank Group, at its just concluded Spring Meetings in Washington DC, U.S., deliberated extensively on what should be done…

Rebasing: Experts call for better functioning economy

Rebasing: Experts call for better functioning economy

By Kingsley Igomwenghian Deputy Editor   Finally, the Federal Government through the Federal Ministry of Finance, the National Planning Commission and National Bureau of Statistics (NBS) released the result of…

FirstBank celebrates low-keyed 120th anniversary

By Kingsley Ighomwenghian Deputy Editor The television commercial opened with “man pass man, bank pass banki ooo… FirstBank, na you be number one… the bank wey stand well for ground gidigba,…

Africa accounts for 0.7% of global losses

In spite of the fact that natural and man-made disasters caused over $140 billion worth of damage in 2013, with global insurance companies paying claims worth over $45 billion, Africa…

GNI grows profit by 119%

The shareholders of Great Nigeria Insurance Plc (GNI) have authorised the directors of the insurance company to raise additional capital via the issue of equity, debt or a combination of…

Fears, expectations, tasks before Emefiele at CBN – Experts

Fears, expectations, tasks before Emefiele at CBN – Experts

By Kingsley Igomwenghian Deputy Editor The Senate, exactly a week ago, approved the appointment of Godwin Emefiele, as Governor, Central Bank of Nigeria (CBN) from June 1, 2014 to May 29,…

Insurers told to stop concentrating on oil business

Nigerian insurance companies have been charged to stop concentrating their efforts in pursuing opportunities in the oil and gas market, but should rather invest in retail business as a way…

Nigeria is underinsured considering its population – A.M. Best

By Sola Alabadan Senior Correspondent Nigeria is underinsured considering its population of 174 million people and very low insurance penetration of less than 1 per cent, whereas countries like Kenya and…

CBN shelves further withdrawal of public sector funds

CBN shelves further withdrawal of public sector funds

By Kingsley Igomwenghian Deputy Editor   • Raises CRR on private sector deposits to 15% • Analyst warns of persistent reserves pressure The Monetary Policy Committee (MPC) of the Central…

Jonathan unveils NHF e-card

Jonathan unveils NHF e-card

By Bamidele Ogunwusi -  Lagos After several years of waiting for its actualisation, an electronic collection card platform introduced by the Federal Mortgage Bank of Nigeria (FMBN) has been launched by…

Sanusi: Seeming end of a controversial tenure

Sanusi: Seeming end of a controversial tenure

By Kingsley Ighomwenghian The biggest news about Nigeria, both in the local and foreign media last week and over the weekend was Thursday’s early morning’s solemn Presidential declaration on behalf…

Stakeholders call for NHF retooling

Stakeholders have canvassed ways to retool the NHF, and make it more result-oriented in the onerous task of providing Nigerians with sufficient mortgages to bridge the country’s estimated deficit of…

2013: Nigeria earned N9.036tr in 11 months – CBN

2013: Nigeria earned N9.036tr in 11 months – CBN

By Kingsley Ighomwenghian Not even the impressive results for the third quarter (Q3) ended September 2013, reported by most of the quoted firms beginning from October, seems to have made…

CBN move to rid banks of cheap govt funds

CBN move to rid banks of cheap govt funds

By Kingsley Ighomwenghian Exactly one week ago, the Monetary Policy Committee (MPR) of the Central Bank of Nigeria (CBN) voted to further hike the Cash Reserve Requirement (CRR) of public…

Jonathan, Sanusi standoff and an election year

Jonathan, Sanusi standoff and an election year

By Kingsley Ighomwenghian It is no longer news that an air of uncertainty pervades the nation’s financial system and economy, following the planned exit of Lamido Sanusi from the Central…

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