Central Bank of Nigeria, Brief History
Banks worldwide simply refer to a central monetary authority or
an apex financial institution within the entire financial structure
promoting monetary stability and a sound financial system. The world
of Central Banking is one of a variety of structures, functions
and powers, which are in themselves by-product of the economic,
political and other realities prevailing in a society.
Minister of Egypt Dr. Ahmed Nazif said the new health insurance
system should be expanded to cover all citizens regardless of their
incomes or the value of subscriptions.
the text of a speech delivered by Chief O.E. Chukwulozie (Commissioner
for Insurance, National Insurance Commission NAICOM)
at the Opening Ceremony of the Cybersecurity Forum for the Financial
Services Sector held at the Sheraton Hotel & Towers, Abuja on
March 2 2005.
Finance and Economic Planning minister James Musoni has called upon
African governments to support the insurance industry grow saying
it's vital in the economy. "In the world full of uncertainties,
individuals, businesses and institutions succeed by taking risks.
Since many risks can be insured, the insurance industry actively
supports successful endeavours, businesses, and institutions in
public as well as in the private sector," he said.
and political leaders are meeting this week in the South African
city of Cape Town to seek ways to boost American investment in Africa.
But summit delegates have heard that it is often China, and not
America, that is taking the lead. For VOA, Terry FitzPatrick reports.
Chinese are latecomers to Africa, but in recent years they have
tripled their African investments to a total of nearly $12 billion.
Princeton Lyman of the Council on Foreign Relations says 800 Chinese
companies are operating in Africa.
Africans are buying property abroad, but not many foreigners are
investing here. South Africa is missing out on investments because
of high interest rates, legislation and crime perceptions. A recent
global survey of 15 markets conducted by DTZ JP Morgan Asset Management
found South Africa only attracted 0.2 percent of global invested
stock worth 10-billion (R67-billion).
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