As at the end of the day we are able to close on a very sound note. We increased the premium income from $33.5million in 2015 to $49.6million in 2016 which is about 35 percent growth.Read More
The Central Bank of Nigeria (CBN) yesterday dismissed the call for further devaluation by the Emir of Kano, and immediate past Governor of the bank, Mallam Muhammad Sanusi II, saying there would be no further devaluation of the naira.Read More
There has been pressure in recent times from within and outside the country for Nigeria to devalue the Naira for the third time this year.
The call is in every sense of the word self-seeking for investors who want to take advantage of Nigeria. The most recent is that coming from JP Morgan which from the look of it, is outright blackmail.
With rising inflation, unemployment, tightening of operational credit, and diminishing domestic consumption, the Brazilian government had to devalue its currency, the Real, in order to facilitate trade and market access. Her Excellency, Maria Auxiliadora Figueiredoá, the Brazilian Consul-General in Lagos stated this at the quarterly breakfast meeting of the Nigerian-Brazilian Chamber of Commerce and Industry (NBCCI).Read More