The Federal Government has approved the sum of $2.3bn for the development of a coastal rail…
Business & Economy
We are long overdue for national fleet – NIMASA DG
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said…
Insurers’ paid-up share capital may likely rise to N666bn
The new capital regime announced by the National Insurance Commission (NAICOM) may shore-up the paid-up share…
Oil prices drop 3% to $70
Oil futures sank yesterday as an unexpected build in United States (U.S.) crude stockpiles compounded investor…
London Stock Exchange seeks listings from Africa
The London Stock Exchange is looking for new listings from African countries. The Exchange is banking…
Emefiele urges private sector to look inwards in developing economy
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has asked public and private sector operators to…
FG targets four million Jobs from oil palm production
The Federal Government aims to create no fewer than four million new jobs across the country…
Old Mutual moves to increase insurance penetration in Nigeria
In a move to increase insurance acceptance and penetration in Nigeria, Old Mutual General Insurance Company…
Total assets under CPS now stands at N8.9tn
Total assets under the Contributory Pension Scheme stood at N8.9tn as of the end of February…
Nigeria, Belgium to partner on investment in maritime sector
Matthew Otoijagha As part of efforts to boost trade and encourage foreign direct investment in the…
Insurers set for legal tussle over new recapitalization
Matthew Otoijagha Insurance shareholders are opposing the move by the National Insurance Commission (NAICOM) to recapitalize…
Nigerian firm set to export fish butter
The federal government has begun efforts to return Nigeria to the international fish market, just as…
NIMASA targets maritime tourism to grow Nigeria’s economy
The Nigerian Maritime Administration and Safety Agency, NIMASA, is targeting maritime tourism as a means of…
Mutual funds net assets rise by N64.9b in Q1
The net value of all registered mutual funds in Nigeria rose by N64.9 billion to close…
Infrastructural development: Nigeria to raise $140bn loan from US, others
Vice President, Yemi Osinbajo says Nigeria is looking to secure a $140bn loan from US and…
CBN, AACN woo investors to Nigeria
The Central Bank of Nigeria Governor, Mr Godwin Emefiele, has said that the bank will continue…
CBN keeps MPR constant at 13.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), maintains a hold in…
NAICOM release minimum paid-up share capital policy for insurance firms
Matthew Otoijagha The National Insurance Commission (NAICOM) today released the minimum paid-up share capital policy for…