Insurance companies in the market are gearing up for market challenges with new search for higher capital, coming barely one year after the official closing of the 18 months industry recapitalisation and consolidation that took place between September 6, 2005 to February 27, 2007.
Like what happened in the banking industry when it had [...]
Archive for March 19th, 2008
Market induced consolidation begins in insurance industry
March 19, 2008CBN defends naira value as dollar continues to bow to market forces
March 19, 2008Local currency the naira continues to have an easy ride over the United States dollar as it marginally appreciated to N116.75 to the dollar last week.
The continued appreciation of the dollar, experts say, is not unconnected with the Central Bank of Nigeria (CBN) defending the worth of the naira in the foreign exchange [...]
