The interbank money market recorded net outflow of N262 billion in January even as oil firms boosted foreign exchange supply with $1.1 billion.

Trading on the Nigerian Stock Exchange, NSE witnessed a slight drop last week as the value of listed equities represented by the market capitalisation dipped by N4.73 billion.

Churches and mosques in Nigeria may soon be required to produce evidence of having their premises and property insured in the wake of spate of attacks by the Boko Haram sect.

Nigeria Export-Import Bank, NEXIM has earmarked N30 billion to support Nigerian exporters, just as it plans to float a shipping line to facilitate business between Nigeria and other Africa countries. NEXIM Managing Director, Mr. Roberts Orya appearing before the Senate Committee on Banking, Insurance and other Financial Institutions in Abuja also disclosed that the bank will soon float a shipping line to provide platforms for Nigerian exporters to do their businesses.

By ROSEMARY ONUOHA
NICON Insurance Plc has been suspended from the Nigerian Insurers Association, NIA, after refusing to appear before the Customer Complaint Bureau of the association.

Chairman of NIA, Mr. Olusola Ladipo-Ajayi who announced the suspension during a media parley at the NIA secretariat in Lagos last week stated that the company remains [...]

Nigeria: Good People, Great Nation’ was a slogan coined by the Federal Ministry of Information in its bid to positively project Nigeria’s image to the world and attract foreign direct investments in the process. But the Nigerian situation needed more than mere rhetoric and one man chose to take the proverbial bull by the horn by bringing in a sport hitherto the exclusive preserve of Europeans, Americans and Asians.

Katsina State is about joining some states like Delta and Rivers that have keyed into the Songhai farm philosophy as it is set to establish such farm in the three senatorial districts of the state.

Alhaji Ibrahim Shema, the state governor, has entered into talks with the management of Songhai farm in Benin Republic. In [...]

The upper chamber of the National Assembly, the Senate, has called for inputs from individuals and groups that will facilitate the formation of an effective social housing policy for the country.

The Ogun State Government is to spend 55 per cent of its budget in 2012 on capital projects. This represents an 18 per cent increase in the allocation for the previous year. The state Commissioner for Budget and Planning, Mrs. Oluwande Muoyo gave the breakdown during a breakdown session on the budget to major stakeholders in the state capital, Abeokuta.

Lagos State government has reiterated its commitment to putting up an effective mortgage scheme that will ensure that low income earners in the state can afford their own homes.