Nigeria’s foreign reserves to increase by $150 billion in 10 years – FG 

The Federal Government of Nigeria (FGN) has disclosed that the country’s foreign reserve is expected to increase by $150 billion in the next 10 years through the ‘Zero oil plan’ initiative. This is contained in the report presented to the National Economic Council (NEC), chaired by the Vice President, Prof. Yemi Osinbajo, on Friday. Click here for more.

Power generation falls to 2,970MW on Discos’ demand

The amount of electricity generated by the nation’s 27 power stations fell below 3,000 megawatts on Sunday as low load demand by distribution companies continued to limit generation. Click here for more.

Nigeria to Restructure Police Force to Tackle Insecurity

Nigeria is restructuring its police force to tackle rising insecurity by acquiring modern equipment, recruiting new staff and building community intelligence, President Muhammadu Buhari said Friday in Abuja, the nation’s capital. Click here for more.

FG to sanction banks, oil companies, as employment opportunity becomes family affair

The Federal Government (FG) has warned Deposit Money Banks, other financial institutions and oil companies against unjust termination of their workers’ contracts. Speaking on behalf of President Buhari’s administration, Chris Ngige, the Minister of Labour and Employment, said it was discovered that some banks and companies. Click here for more.

Investors Gain N403.24bn WoW As NSEASI Inches Up By 3.25% To Close The Week Positive

Equities market closed Friday on a positive note, as NSEASI appreciated by +0.62% to close at 27,800.17 points as against +1.01% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -11.55%. Click here for more.

Total loans in Nigeria’s banking sector hit N15.35 trillion

The total loans in Nigeria’s banking sector hit N15.35 trillion as at the end of March 2019. This is according to the latest report released by the National Bureau of Statistics (NBS). According to the report, about 3,891 firms and other debtors took individual loans above N1 billionin the banking sector. Click here for more.

Forex ban on food import has commenced – CBN

The Central Bank of Nigeria (CBN) has disclosed that the policy to stop Foreign Exchange (Forex) for the importation of food into the country has since commenced. This is contrary to widespread speculation in the public domain that the CBN is yet to work out modalities and timeline for the implementation of the new policy regime on the food import restriction. Click here for more.

FG should increase FMBN capital base to N100bn – REDAN president

Although the real estate industry in Nigeria has a lot of potential of being used as a desired vehicle for employment generation, socio-economic growth, increased Gross Domestic Product and bigger multiplier growth in the local economy, unfortunately it is still at the lowest stage. This is because the road map. Click here for more.

NIA seeks NSE’s support for recapitalization

The Nigerian Insurers Association (NIA) has implored the Nigerian Stock Exchange (NSE) to assist the insurance companies in their bid to meet the new capital level prescribed by the National Insurance Commission (NAICOM). Click here for more.

Where Are The Insurance Amendment Bills Of 2008 And 2018?

In all climes, the connection between the government and the people is the LAW! So it is in different circumstances that connects one group to another and the insurance sub-sector is not an exemption. Click here for more.

SON to Review Standards on Cereal Products

As part of efforts to boost breakfast meals with high dietary value especially for children, a Technical Committee Meeting recently met in Lagos to develop new Nigeria Industrial Standards for Cereal and Cereal products. Click here for more.