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Elumelu Proposes N50m Capital Base for Insurance Brokers Tony Elumelu, Chairman, Heirs Holdings, on Thursday proposed N50 million as capital base for insurance broking firms operating in Nigeria. Elumelu, also…
LASACO Assurance Financial Strength Upgraded after Capital Injection GCR Ratings has upgraded Lasaco Assurance Plc.’s national scale financial strength rating to A (NG) from A-(NG), with a stable outlook, which…
Kenya Hikes Interest Rate to 8.25% The central bank of Kenya raised its benchmark interest rate by 75 basis points to 8.25% at its September 2022 meeting, surprising markets that…
Brent Crude Inches Near $89 Per Barrel Brent crude futures were trading around $89 per barrel on Thursday, bouncing off their daily lows of about $87 amid growing speculation that…
Unity Bank, Lagos Food Bank Partner to Donate Items to Community In a massive collaborative initiative to support and promote interventions targetted to addressing hunger and malnutrition in communities, Agric…
Nigeria’s LPG Production Hits 5 mln Tonnes The Federal Government says Nigeria currently produces about five million tonnes of Liquefied Petroleum Gas (LPG) annually and only eight per cent of…
Sterling Slides after Recovering from Multi-Year Low On Thursday, Sterling GBPUSD fell by about one percent after British Prime Minister Liz Truss defended economic plans that have triggered chaos in…
Yields Mixed as Market Sets to Price in Policy Tightening The average yields across government instruments were in a mixed direction on Wednesday as fixed income market participants begin to…
No fewer than four members of the National Working Committee Peoples Democratic Party have returned N122.4 million paid into their accounts by the main opposition party leader. There had been…
In his final remarks, the Speaker of the House, Gbajabiamila appealed to ASUU to interface with the accountant general in the interest of the students, assuring that the parliament would…