Business News

Insurance: Why huge unpaid premiums persist

  By Friday, 25 Jun 2010    The inability of insurance operators to have a good check-process that will enable them to know whether a customer has paid his premium or not has been identified as a major reason for the huge unpaid premiums in the industry.This is because a […]

BP shares down, spill-related legal battles rage

  Reuters On Thursday June 24, 2010, 11:00 pm EDT By Ernest Scheyder VENICE, Louisiana (Reuters) – The Gulf of Mexico oil spill entered its 67th day on Friday with BP’s New York share price at year lows and bad weather looming that could hamper clean-up and containment efforts. The […]

FG sells N80bn in sovereign bonds

Friday, 25 Jun 2010      The Federal Government auctioned N80bn worth of 20-year, five-year and three-year sovereign bonds at its sixth debt auction of the year.   The Debt Management Office said on Thursday that it sold N20bn of the 20-year paper, N30bn of the five-year instrument and N30bn of […]