New President of the Chartered Insurance Institute of Nigeria, CIIN, Lady Isioma Chukwuma has said that her administration will focus on promoting insurance awareness by increasing the visibility of insurance in national consciousness.

One of the biggest problems Presidents and Prime Ministers face, virtually all the time, is who to believe among their Ministers and Advisers – especially those who are recruited from international organisations. President Ibrahim Babangida had nothing less than four Nigerian economists who had worked for the World Bank before coming on board to help midwife the Structural Adjustment Programme, SAP, which was later to give his administration the bad name it has failed to shed till today.

Commissioner for Insurance/Chief Executive of the National Insurance Commission, Mr. Mohammed Kari has said that current developments in the country obviously call for collaborative effort to reposition the profession and the insurance industry.

POLICE in Warri, Delta State, have arrested the self proclaimed monarch of Okere-Orhobo Kingdom, Chief Kesiena Okumagba, who was declared wanted last week for allegedly instigating the attempted burning of the Warri ‘B’ Divisional Police Office.

The listing of Fidelity Bank’s N30 billion corporate bonds on the Nigerian Stock Exchange, NSE, is expected to boost liquidity in the Nigerian capital market.

The price of raw cashew nut per metric ton also recorded an increase, selling at N170, 000 during the 2015 season. The spokesman said that with the increase, farmers were ready to comply with high degree quality control procedure. “With the increased pricing that farmers recorded during the 2015 season, they are right now more ready to comply with high degree quality control procedure.

The wreckage of a passenger plane which went missing with 54 people aboard in rugged eastern Indonesia yesterday has been found by villagers, an official said, with rescuers expected to head to the crash site.

LAGOS— In an effort to efficiently improve on the processes of revenue generation and collection in the state and ensure proper accountability and transparency in all government accrued revenues, Governor Akinwunmi Ambode of Lagos State has approved the operation of a single account in the state effective September 1, 2015.

By Emeka Anaeto, Economy Editor Last week’s inflation report by the National Bureau of Statistics (NBS) appeared to have unsettled several investment houses giving the impression that the rate should have been higher than what was reported. NBS monthly inflation report had shown that the seven month steady rise in headline inflation, measured by the […]

Some witnesses of the Ogun State Peoples Democratic Party, PDP, at the Governorship Electoral Petition Tribunal sitting in Abeokuta have revealed how the April 11, election was allegedly rigged and manipulated to give victory to Governor Ibikunle Amosun of the All Progressive Congress, APC.

ELDER statesman and chairman, Itsekiri Leaders of Thought, ILoT, Warri, Delta State, Pa J.O. Ayomike, weekend, counseled natives of Ugborodo community, Warri South-West Local Government Area, Delta State, to refrain from making unguarded comments concerning the $16 billion Export Processing Zone, EPZ project in Ogidigben, Ugborodo.

Eight states of the federation are said to be threatening to drag the Nigeria Electricity Liability Management Limited to court over N6.5billion unremitted Pay-As-You-Earn, PAYE, and Withholding Tax being taxes it deducted from salaries of disengaged staff of the defunct Power Holden Company of Nigeria, PHCN, but failed to remit to the states.

The Nigerian Extractive Industries Transparency Initiative, NEITI, yesterday, promised to assist Federal Government recover the over $7 billion owed the country by oil and gas companies.

The Nigerian Stock Exchange, NSE All-Share Index and market capitalization depreciated last week by 2.34 per cent to close on Friday at 30,705.62 and N10.524 trillion respectively. Similarly, all the indices finished lower during the week under review with the exception of the NSE Industrial Goods index that chalked up 0.11 per cent higher.

‘’We spend so much and generate little revenues. We can begin to restructure our economy by fixing the revenue chain and blocking the leakages. And one way of doing that is by stopping subsidy because it gives room for corruption in our country, ‘’ he said. Sanusi urged state governments to be creative and strengthen their internal revenue generation drives to meet the demands of their people.