By Rosemary Iwunze The fate of over ten thousand life policyholders in Niger Insurance Plc and Standard Alliance Insurance Plc are now hanging in the balance as the National Insurance Commission, NAICOM, has issued 30 days’ notice to both companies to close shop over their inability to settle pending claims. Vanguard investigation reveals that NAICOM […]

*Demand for bonds, TBs up 75% to N4trn *Banks idle cash with CBN up by 126% By Babajide Komolafe In continuation of efforts to fund the N6.4 trillion deficit spending in budget 2022, the Federal Government borrowed N2.2 trillion from local investors in the first quarter of the year, Q1’22, through FGN Bonds, treasury bills […]

By Peter Egwuatu Analysts have projected that the second quarter 2022, Q2’22, is expected to record mixed trend in stock market outlook due to rising inflation and global oil prices occasioned by the ongoing Russia and Ukraine war. The analysts further opined that they expect trading in stock market this week April 2022 to close […]

By Peter Egwuatu Pension Funds Administrators, PFAs, investments into federal government securities increased by 6.3 per cent to N25.6 trillion in the fourth quarter 2021, Q4’21, from N24.1trillion in the corresponding period of 2020. This comes at the backdrop of increased yields in fixed income securities, an asset class that includes federal government securities such […]

By Prince Okafor In line with its moves to attain 94 per cent financial inclusion by 2024, the Central Bank of Nigeria, CBN, and the World Savings and Retail Banking Institute (WSBI) have outlined financial inclusion measures the formal financial sector operators should take to provide convenient products for the informal sector. This is coming […]