World Bank is ready to collaborate with property developers in Nigeria, under the aegis of Real Estate Developers Association of Nigerian (REDAN) to boost the housing reform agenda of the federal government.

Having adequate knowledge about customers and reporting suspicious transactions to the National Insurance Commission (NAICOM), will aid the fight against money laundering and financial terrorism, the Commissioner for Insurance, Mr. Fola Daniel has said.

There is need for government for offer incentives that would encourage usage of electronic payment card so as at enhance the effectiveness of the proposed cash limit policy and other efforts to reduce use of cash for transactions in the country, says outgoing Managing Director/Chief Executive, Valucard, Mr. Bukar Kyari

The Bureau of Public Entreprise (BPE) has released the industry agreements in line with the revised transaction timeline for the privatisation of the successor companies created from the Power Holding Company of Nigeria (PHCN).

China’s five biggest banks posted first-half profits that surpassed the total of their 14 largest U.S. and European rivals, highlighting the Asian nation’s financial power as other economies falter.

At the administrative level, Nigeria needs radical changes in fiscal, monetary and industrial policies to both promote new enterprises and aid existing ones. The bulk of the problem is the impaired access for small and medium enterprises to capital markets.

Bilateral trade between Nigerian and United Kingdom has increased by 80 per cent in the last four years, British High Commissioner to Nigeria, Mr Andrew Lloyd told Vanguard.

Quarter 4 of 2011 will see Euro Global Foods & Distilleries Limited, maker of Braveheart rum expand its production plant in preparation for the introduction of new spirits and wine brands into the market.

The federal government has been called upon to set aside 25 percent of the nation’s Pension Fund through bonds for the development of low-cost housing in the country.

An appeal has gone to the House of Representatives to pass legislations that will facilitate the creation of mortgages and thus help increase the rate of housing delivery in Nigeria.