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Sanusi’s Monetary Policy Salvos

Sanusi, Lamido Sanusi, the new Central Bank helmsman has since his appointment made it clear that he was dissatisfied with the laissez fair approach of the apex bank’s supervision and regulation of the monetary market. Sanusi had similarly decried the commercial lending rate of 22% plus, as being inimical to investment, industrial consolidation and expansion and also frowned at the poor culture of transparency in the banking sector.

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IT’S TIME TO GET BACK INTO EQUITIES

Markets are consumer driven and the beauty of free market economies is in the level of confidence that consumers and investors repose in the system. The most conclusive economic lesson of the 20th century is that command economies do not work and it is only when free markets thrive that economies expand. Successful democracies are those that understand the intricate workings of the free market and the role of government as a market participant, even though market regulatory authority is vested on the government.

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NAICOM Will Induce Voluntary Merger and Acquisition

The Commissioner for Insurance, Mr. Fola Daniel, is not a man that tints or minced words to impress or suppress anyone but like a prophet with a vision to take insurance industry to the promise land, he subtly passes a message that is enough for the wise to act on. Fola Daniel in this interview with Patience Saghana speaks on several sectors in the insurance industry. Excerpts

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A Clamour for more Information

Banks shareholders are agitating for detailed disclosure, in precise term, of how much contribution their off-shore subsidiaries are making to the overall performance of the group given the huge shareholders’ funds deployed in setting them up, Lucky Fiakpa writes

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