Investors lose N124bn on NSE
A bearish trend was recorded on the secondary segment of the Nigerian capital market, last week, as investments on the Nigerian Stock Exchange (NSE), represented by the market capitalisation of listed equities, dipped by N142.34 billion.
NIA bungles VISER, hides under ICT
The dream of the Nigerian insurance industry to hit N1trilion income by 2012 may just be far-fetched if frantic efforts are not stirred by insurance companies to re_activate the Vehicle Insurance Sticker (VISER) which the Nigerian Insurers Association (NIA) has bungled.
PMIs, developers differ on CBN’s proposed reforms
Primary Mortgage Institutions (PMIs) under the aegis of Mortgage Banking Association of Nigeria (MBAN) and developers under the umbrella of Real Estate Developers Association of Nigeria (REDAN) have reacted differently to the draft review of universal banking recently released by the Central Bank of Nigeria (CBN), as it affects activities allowable by the mortgage operators especially regarding property development.
Rivers commences computerisation of land registry
The Rivers State government has commenced the computerisation of land registry in the state as well as the implementation of the cadastral information system, with a view to ensuring reliable and quick accessibility to land register and cadastral information.
Niger terminates housing contracts
The Niger State government has terminated the contract for housing projects at Bida and Kontagora areas in the state occasioned by the failure of the contractors to meet specifications and deadline.
Info Minister challenges Ad regulators on consumer protection
The Minister of Information and Communication, Prof. Dora Akunyili, weekend challenged advertising regulators and practitioners in the country to initiate fresh policies aimed at consumer protection against commercial abuse.
