Author: InvestAdvocate

I H S Nigeria Plc: Equity Investment with International Finance Corporation

By investadvocate Feb 17 2011 19.59 GMT Lagos (INVESTADVOCATE) The company has notified The Exchange that it has concluded agreement with Investec Asset Management (via its African private equity funds) the International Finance Corporation (IFC) a member of the World Bank Group, and the Netherlands Finance Development Company (FMO) for US$79 million […]

Insurance: Premium retained in Nigeria rises by 20%

By Nike Popoola Thursday, 17 Feb 2011 The Commissioner for Insurance, Mr. Fola Daniel, has said that the National Insurance Commission has been able to raise the level of insurance premium retained in the country by 20 per cent in the last three years. Daniel disclosed this in an exclusive interview […]

NDIC to fund budget deficit with N28bn reserves

By Chiawo Nwankwo and Ifeanyi Onuba, Abuja Thursday, 17 Feb 2011 THE Nigerian Deposit Insurance Corporation has said it will fund its 2011 budget deficit with its N28bn reserves. The corporation has a budget outlay of N9.72bn, while its income for the year is estimated at N28.61bn. Investigation by our correspondents […]