Insurance Sector Records 35.7% Growth In A Decade   The insurance sector has in the past ten years achieved an average growth rate of 35.7% in both life and non-life classes of business. A breakdown of this showed that life business recorded a higher growth rate of...

Financial Statements: 38 Firms Get N429.5m NSE Fines   The Nigerian Stock Exchange imposed a total of N429.5m in fines on companies that failed to file their financial statements as and when due last year. The latest data obtained from the NSE by our correspondent showed that...

In January, Stock Market Investors Lost N326m   Investors in the nation’s stock market lost a total of N326bn in January as bearish sentiment persisted. The equities market opened the year on a negative note as investors lost N134.4bn at the close of trading on the first...

Report Says "CBN Recorded $40.9bn Forex Inflow In 9months"   Between January and September last year, a total foreign exchange inflow of $40.93bn was recorded by the Central Bank of Nigeria. The inflow of $40.93bn, when compared with the $27.95bn recorded in the first nine months of...

Stock Market Sheds N102bn, Ends Gaining Streak The nation’s stock market reversed its gaining streak on Monday on the back of weaker tech, industrial and oil and gas stocks. Sell-offs in the stocks sent the equity benchmarks lower, with losses amounting to N102bn. The market, which gained...

IMF Predicts Slower Economic Growth In 2019, As GDP Drops To 2% Against the backdrop of the recent drop in global crude oil prices, the International Monetary Fund said on Monday that Nigeria’s economy would expand more slowly in 2019 than previously predicted. The IMF, in...