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Emefiele Vindicated as IMF says Currency Devaluation Gains Limited
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Nigeria’s Central Bank Governor Godwin Emefiele will be vindicated by new research by the International Monetary Fund (IMF), which suggests that the prevalence of...
Lagos 3rd Mainland Bridge Closure to Take Massive Toll On Businesses, Economy
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Lagos residents may be in for more hard times, as they gear up for the proposed 6-month long closure of the 3rd mainland bridge...
AIICO, AXAMansard, NEM Lift Insurers’ Premium Income 16 % in Q1
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AIICO Insurance, AXAMansard Insurance, NEM Insurance Plc, and Mutual Benefit Assurance Plc have helped to lift listed insurers premium income in the first quarter...
MTN Nigeria Eclipses Dangote, Regains Position as Nigeria’s Largest Listed Firm
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In a confirmation of the coronavirus social distancing economy where Technology firms are set to outperform industrial and other real sector firms, MTN Nigeria...
NSE Listed Manufacturers Can Meet Debt Obligations, For Now
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Interest coverage ratio for manufacturer’s listed on the Nigerian Stock Exchange (NSE) has strengthened, which means they can make good on their interest payments...
Pension Funds Boost Holdings of Money Market Notes to Record High
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Nigerian Pension Fund Administrator’s (PFA’s) boosted their holdings of local money market securities to an all-time high, in a sign that policy measures that...
Nigerian Insurers post Real Underwriting Loss of N12.44bn
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In general sense, Nigerian insurers are not making money for their shareholders as spiraling operating and claims expenses combined with weak revenue growth continues...
Savers, Investors are Biggest Losers from CBN Engineered Financial Repression
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Nigerian Savers and investors are getting the short end of the stick, while the Federal Government feeds fat off their sweat, through a Central...
Insurers Expenses Surge as Profits Hit by Slowing Economy
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The average expense ratio for insurers in Africa’s largest economy hit 83.33 percent as at December 2019, albeit lower than 2018’s 92.21 percent, according...
Nigeria Spent N609bn to service Domestic Debts in Q1
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The Nigerian Federal Government (FG) spent a total of N609 billion to service its domestic debt obligations in the first quarter (Q1) of 2020,...