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Again, Brokers Threaten To Sue NAICOM Over SIP Policy
Barely one month after it released the proposed State Insurance Producer, SIP policy, the National Insurance Commission of Nigeria (NAICOM), is facing another hurdle in its planned implementation of the policy as insurance brokers have threatened to challenge the policy in court. This is coming barely three months after some industry operators also approached the […]
World Bank Forecasts 40-Year Low Per Capital Income For Nigeria
The World Bank on Monday predicted that Nigeria’s per capital income could ebb to its lowest value in 40 years as the volatility of the oil market globally continues to take huge toll on government’s earnings and overall performance of the nation’s economy. World Bank Country Director for Nigeria, Mr. Shubham Chaudhuri, made the latest […]
CBN Injects $210m Into Inter-Bank Segment of Forex Market
The Central Bank of Nigeria (CBN) has injected $210 million into the Inter-Bank segment of the Foreign Exchange (Forex) market to boost its liquidity. Figures released by the Bank on Tuesday showed that the Wholesale sector of the market got $100 million while the Small and Medium Enterprises (SMEs) and invisibles sectors each of which […]