As the dust settles following Nigeria's election in April, there is general optimism that foreign direct investment flows will pick up quickly. President-elect Goodluck Jonathan is expected to press
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NISA – FG Joins 50 Nations With Investment Plan
May 19, 2011 Comment Off 57 ViewsNISA - FG Joins 50 Nations With Investment Plan Minister of finance Mr. Olusegun Aganga has applauded yesterday's passage of the bill for the establishment of Nigerian Sovereign Investment Authority
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Nigeria Revises April Inflation Rate Down; Remains Above 10 Percent Target
May 19, 2011 Comment Off 68 ViewsNigeria revised April inflation to 11.3 percent, less than previously reported, after the National Bureau of Statistics detected a mistake in its calculation. The inflation rate fell from 12.8
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Nigeria: CBN – Laws Ahead of People
May 17, 2011 Comment Off 68 ViewsWe are under the impression the Central Bank of Nigeria, CBN, makes its policies in the interest of the people. Our shock at the haste towards a cashless economy centres on this
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Nigeria: Post-Election Rally
May 17, 2011 Comment Off 38 ViewsAs an aftermath of the 2011 elections, investors last week recovered N164 billion value of their investment in shares from the stock market. However, equities value represented by the market
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Lloyd’s of London sees $3.8 billion disaster hit
May 13, 2011 Comment Off 31 ViewsLONDON (Reuters) – The Lloyd's of London (LOL.UL) insurance market will take a $3.8 billion hit from earthquakes and floods in the first quarter, and predicted the high level of catastrophe
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Nigeria’s $30bn debt gave me grey hair – Okonjo-Iweala
May 13, 2011 Comment Off 31 ViewsLondon – Prof. Ngozi Okonjo-Iweala, World Bank Managing Director and Nigeria’s former Finance Minister, says getting the Paris club to cancel the country’s debt gave her grey
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Banks may shrink to 20, says CBN
May 11, 2011 Comment Off 70 ViewsThe number of banks (24) in the country may shrink to 21 or 20 after the reforms, the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, said yesterday. He also admitted
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Nigerian Stocks Rise to Four Month High
May 11, 2011 Comment Off 47 ViewsNigeria’s stocks gauge rallied the most in four months, led by Dangote Cement Plc (DANGCEM) and First Bank of Nigeria Plc (FIRSTBAN), the nation’s third-biggest lender, which Renaissance
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N1 trillion gross premium income for insurers
May 7, 2011 1 Comment 43 ViewsInsurers were banking on the enforcement of compulsory insurance, which is a key component of their Market Development and Restructuring Initiative (MDRI), to grow their business, but their hope
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