Oil companies lift forex market with $435m in July
Foreign exchange demand fell by one third in July while the naira recorded its highest appreciation against the dollar for the year following $435 million supply from oil companies during the month, says Financial Market Dealers Association of Nigeria.
NIA equip self for fake VISER operators
Nigerian Insurers Association (NIA) has gone back to the drawing board with the aim to block all leakages that had in time past exposed the industry to fake insurance stickers and its perpetrators.
AMCON, distressed assets, and the future of investing
The proposed Asset Management Corporation of Nigeria (AMCON) represents Nigeria’s response to the problem of troubled assets or non-performing assets within our financial institutions (mostly commercial banks).
Minister absolves self of alleged housing budget fraud
For seven good years,Nigeria battled to have its airspace covered by radar. It took this long to have the Total Radar Coverage of Nigeria, TRACON, in place because of problems of finance.
Where are the coins?
Nigerians will recall the extensive and certainly expensive media blitz for the promotion of public acceptance of the new generation of coins introduced into our currency profile in the first quarter of 2007!
In Imo, it’s now war on crime
For some time now, Nigeria has been grappling with the challenges of violent crime, including armed robbery and kidnapping. At a point, no day passed without reports of either either armed robbery or kidnapping renting the air. Precious lives were sadly lost in these beastly acts.
