MTN Group’s plan to list its Nigerian unit in an initial public offering this year is under threat after the central bank ordered the South African telecoms giant to hand over $8.1 billion allegedly sent abroad illegally, sources said. Nigeria’s central bank alleged that MTN used improperly issued certificates to transfer funds out of Nigeria […]
Nigerians have been enjoined to protect themselves against unforeseen mishaps by investing in insurance products. Making this call recently in his office in Lagos was the Chief Executive, Stanbic IBTC Insurance Brokers Limited, Mr. Anselem Igbo. According to Igbo, insurance penetration in the country is too low and does not augur well for the wellbeing […]