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  • Investment in infrastructural development up by 85.3%

    THE Central Bank of Nigeria has disclosed that sectoral credit utilisation and loans by money deposit banks in Nigeria (DMBs) to infrastructure has increased from N363.7 billion to N1, 629 billion. This, according to the CBN Governor,...

    • Posted March 26, 2011
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  • FERMA MD lauds self over Benin-Sagamu, Ijora roads

    Despite the public outcry against the poor state of Nigerian roads, especially the Ondo State section of Benin– Sagamu expressway, which has remained dilapidated over a long time, the Managing Director of Federal Road Maintenance Agency (FERMA),...

    • Posted March 26, 2011
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  • Climate change control: Experts advocate measures

    EXPERTS in environmental studies have called for different approaches to control the current climate change in the country so as to avoid serious socio-economic consequences. A research fellow in the African Institute for Applied Economics (AIAE), Mr....

    • Posted March 26, 2011
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  • Naira recovers from 18-month low

    The naira bounced from its weakest level in 18 months on Friday, buoyed by expectations that a government agency was about to make a large dollar sale. The Naira strengthened to N155.80 against the dollar on the...

    • Posted March 26, 2011
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  • Inflation rate fell to 11.1% in Feb

    Nigeria’s  inflation rate declined to an annual 11.1 per cent in February as against 12.1 in January. However, the rate remains above the Central Bank of Nigeria (CBN)’s target rate. Experts attributed the current development to the...

    • Posted March 26, 2011
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  • Insurance growth: CIIN reels out road map

    n the aftermath of the global financial crisis, insurance operators have started strategising on modalities to cushion the effect the crisis may have on the industry. According to the President, Chartered Insurance Institute of Nigeria (CIIN), Mr...

    • Posted March 26, 2011
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  • ASSBIFI commends NAICOM on IAA takeover

    THE Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) Investment & Allied Assurance Plc (IAA) unit, has commended the action the National Insurance Commission (NAICOM) took recently to arrest the drift at Investment and...

    • Posted March 26, 2011
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  • IGI provides insurance cover for NUGA participants

    INDUSTRIAL and General Insurance (IGI) Plc, a foremost sports-friendly insurance company, in furtherance of its sponsorship of sports in Nigeria and commitment to youth development, has announced a donation of N30 million to sponsor the 2011 National...

    • Posted March 26, 2011
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  • IFRS migration: NAICOM intensifies efforts

    EFFORTS are on top gear by the National Insurance Commission (NAICOM) to enforce a seamless and cost effective transition to International Financial Reporting Standard (IFRS) among insurance and reinsurance companies in Nigeria as means to ensure compliance...

    • Posted March 26, 2011
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  • NNPC targets 250,000bpd crude oil by 2015

    The Nigerian National Petroleum Corporation (NNPC) is targeting an exploration level of 250,000 barrels  from its upstream portfolio by 2015. Speaking during a visit by the management of Technip Group led by its Senior Vice President, Mr....

    • Posted March 26, 2011
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