The difficulties encountered in building capacity in the hitherto neglected small, medium enterprises, SMEs, sector may soon be a thing of the past with the planned introduction of a compendium of all SMEs in the state by the Lagos State Ministry of Commerce and Industry.

Against all odds and forces that had over the years deterred the growth of insurance industry, National Insurance Commission (NAICOM) has recounted the sector’s achievements in recent years.

“The Senate President is reported to be earning N250m quarterly or N83.3m per month while his deputy earns N50m monthly.

The Central Bank of Nigeria (CBN) says its interest in the energy sector is to use monetary policy to fasttrack economic growth and create jobs. The CBN Governor, Malam Lamido Sanusi Lamido, said this on Thursday in Lagos in a paper entitled: “Funding of Power Projects: The Role of CBN” at a conference organised by the National Association of Energy Correspondents.

The waning economic downturn is forcing companies to look hard at their costs in terms of human capital and cut low on excessive expenditures as they re-brand for enhance performance.

For airlines having problems with rising aviation fuel prices, hedging of fuel remains the best way out, British Airways has said.

Against all odds and forces that had over the years deterred the growth of insurance industry, National Insurance Commission (NAICOM) has recounted the sector’s achievements in recent years.

The new interest rate pricing model announced by the Central Bank of Nigeria (CBN) is yet to take off four months after it was announced. The apex bank has also reversed itself on the requirement that banks should publish risk criteria for determining their interest rates as earlier announced.

Insurance companies’ chief executives are crying out for a long lasting solution to the menace of outstanding premium in the sector against the massive abuse of Section 41 of Insurance Act 2003.

Olusegun Aganga, the Minister of Finance, has appealed to stakeholders in the construction, entertainment and ICT industries in the country to make meaningful contributions toward enhancing the growth of the nation’s economy.

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, on Thursday said local demand for natural gas was expected to reach 1,140 million cu metres per day by December.

There are indications that the Central Bank of Nigeria (CBN) has rejected the request that the capital base of primary mortgage institutions (PMIs) be pegged at N3 billion.