Cardoso puts Nigerian financial markets at centre of deeper investment ties with China
CBN Governor Cardoso has identified investment in Nigerian financial markets, including naira-denominated instruments, as a key opportunity to deepen financial ties with China.
Banks borrow N52tr from CBN as liquidity pressure intensifies
BANKS’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016, due to pressure to survive the impact of high interest rate regime and ceaseless liquidity mop-up, driven by the tight monetary policy of the apex bank
Analysts rate UBA ’s 2017 financial performance as impressive
ANALYSTS have rated the United Bank of Nigeria, UBA Plc 2017 financial performance as impressive following improvement in key line items as gross earnings and Profit After Tax, PAT showed relative improvement, just as the bank’s African subsidiaries’ contribution improved significantly.
‘No premium, no cover’: NCRIB rules out insurance benefits for deceased civil servants
PRESIDENT of the Nigerian Council of Registered Insurance Brokers, (NCRIB), Mr. Sola Tinubu, has said that all civil servants that died last year will not get benefit from group life insurance cover as the federal government did not pay premium for the cover.
Obasanjo endorses AnchorLoEIS
FORMER President Olusegun Obasanjo has endorsed Anchor Insurance Loss of Employment Insurance Scheme (AnchorLoEIS).
Improved power supply will enable industries do business better — Guinness MD
The Managing Director, Guinness Nigeria Plc, Peter Ndegwa, in this interview, speaks on challenges confronting the beer industry, especially impact of the economic downturn, and how operators are responding to them.
