The poverty level in the country is preventing the insurance sector from assuming its pride of place in the economy; experts are of the opinion that government has a major role to play in bringing about a paradigm shift.

The Federal Government has embarked on thorough and comprehensive survey and data collections in order to determine the accurate level of unemployment statistics in each state of the federation.

Nigeria should look beyond micro-finance institutions to achieve the goal of financial inclusion and poverty reduction says Mr. Laoye Jaiyeola, immediate past president, Chartered Institute of Bankers of Nigeria (CIBN).

Consolidated Breweries Plc has recorded a turnover of N27. 9 billion for the financial year ended December 31, 2011, representing a growth of 14 per cent from N24.5billion in 2010.

Shareholders of Omatek Ventures Plc have commended its Board of Directors for its effort in keeping the company afloat and surviving the harsh operating environment that prevailed during the last two years.

LiveWell Initiative, LWI, a Non-Governmental Organisation, has expressed its readiness to partner and encourage financial institutions and other blue chip companies in Nigeria to increase their social sector investment and support for the health sector.

Many people do not insure their homes built with millions of naira, and in the case of the businessmen among them, the business premises are largely uninsured. It thus became important to further help the industry, which is why the industry regulator, National Insurance Commission introduced the Market Development and Restructuring Initiative.

A recent collection of essays on entrepreneurial innovation in developing economies, titled ‘Lessons from the Poor’, mentions an aspect of Nigerian clothing design. Examining the traditional adire dye industry, author Thompson Ayodele informs that the bottom 19% of entrepreneurs polled for the study earned more than state and federal civil servants.

In a bid to attract real estate investors and boost housing development, the Oyo State government is set to issue Certificate of Occupancy (C of O) to applicants in the state within 90 days.

African leaders and mayors will this month converge for two days in Lagos to tackle issue of urbanization which has become the bane of the continent.

Insurance operators have decried the low level of trust on the sector from the public saying that such attitude is crippling the growth of the industry in the country.

Nigeria is to switch to the satellite based navigation system also known as the Performance Based Navigation (PBN) soon. This is coming as airline operators and pilots have been urged to key into the satellite based navigation system.