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NGX Capitalization Dips N464.3Bn, As Russell Downgrades Rating
Investors in Nigeria’s equities market on Monday lost about N464.3 billion as the market reacted to the downgrade of the Nigerian Exchange Limited (NGX) by FTSE Russell, a global index issuer. FTSE Russell, UK-based firm, had downgraded the Exchange from “Frontline” to “Unclassified Market” and hinted that the NGX would be reclassified by September 18, […]
CSEA Urges FG On Review Of Debt Mgt Procedures, Framework
Researchers at the Centre for the Study of Economies of Africa (CSEA), a leading economic research firm with primary focus on developments in African economies, have advocated the need for the Federal Government to review its debt management procedures and framework to ensure that borrowing is resorted to only when necessary and that borrowed funds […]
China Tasks Insurers On Disaster Insurance Products Devt
As the ravaging impact of flooding continues to take huge toll on China’s economy, the Chinese government has charged risk underwriting experts and insurance companies to develop appropriate disaster insurance products that would help in mitigating the losses associated with the catastrophic flooding witnessed in the country in recent weeks. Specifically, the government, in a […]