Foreign investors acquiring insurance firms over recapitalisation
Businessam StaffAugust 14, 2019
Many indigenous underwriting firms have been taken over by foreign investors since the last recapitalisation that took place in the
‘Nigeria’s forex market has potentials to eradicate poverty, reduce unemployment’
Businessam StaffAugust 13, 2019
Maxwell Odum, the managing director and chief executive officer, MBA forex and capital investment Limited, says the potential in
CBN injects $280.04m, CNY 28.3m into retail SMIS
Businessam StaffAugust 12, 2019
The retail Secondary market intervention sales on Friday received a boost of $280.04m from the Central Bank of Nigeria. It also
Trump says U.S. economy ‘handcuffed’ by Fed, wants further rate cut
Businessam StaffAugust 9, 2019
Donald Trump, U.S. president, on Friday called on the Federal Reserve to lower interest rates by a full percentage point, saying the
Dollar, yuan stronger as risk sentiment improves
Businessam StaffAugust 8, 2019
The dollar index inched higher on Thursday and the Chinese currency strengthened after the Chinese central bank fixed the yuan at a
CBN auctions N115bn treasury bills to boost dollar liquidity
Businessam StaffAugust 8, 2019
The Central Bank of Nigeria sold a total of N114.6 billion worth of treasury bills Wednesday, in its first of such auction since
CBN intervenes with $210m in forex market
Businessam StaffAugust 6, 2019
The Nigerian inter-bank foreign exchange market received another boost with an injection of about $210 million from the Central Bank
China says U.S. currency manipulator labeling could cause chaos in financial markets
Businessam StaffAugust 6, 2019
China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage
Naira closes at N362.57 to dollar at investors window
Businessam StaffAugust 5, 2019
The naira on Monday traded at N362.57 to the dollar at the parallel market in Lagos. Turnover at the window stood at 293.60 million
CIIN committed to duty of raising insurance professionals – Efekoha
Businessam StaffAugust 1, 2019
Eddie Efekoha, president of the Chartered Insurance Institute of Nigeria, CIIN, has lauded the Institute’s commitment to its duty as