The National Automotive Design and Development Council (NADDC) said Nigeria now has the capacity to produce 384,000 units of vehicles annually. Director, Policy and Planning, NADDC, Mr. Luqman Mamudu, made this known at an interactive session with Commerce and Industry Correspondents Association of Nigeria ( CICAN) in Lagos, lamenting that out the 384,000 capacity, only 25,000 was produced in 2015.

Royal Exchange Plc has announced that it has generated a Gross Written Premium of N8.43 billion from its business activities in the first half of the 2016 financial year, representing an increase of 34 percent over the figure of 2015, which stood at N6.28 billion. Gross Premium Income also witnessed a growth of 17 percent over the 2015 figures, with the 2016 figure standing at N6.46 billion, compared to the N5.50 billion generated in the corresponding period in 2015.

Dr. Amy Jadesimi, Managing Director , Lagos Deep Offshore Logistics Base , the 100-hectare free zone and logistics hub, talks to MEET THE BOSS on advantages in the low oil price environment, best practices in the Free Zone and how the private port facility could help in bringing in FDIs into the country.

Managing Director of FBN Insurance Limited, Mr. Val Ojumah has said that the company has continued to thrive on challenges which have brought it thus far in so short a period of six years of operation. Ojumah made the assertion while receiving the award for Insurance Company of the Year organised by Inspenonline Media in Lagos. Also, Ojumah won the Insurance Man of the Year award.

In its bid to deliver unparalleled comfortable living experience within the most affordable and cost effective means to subscribers, Realty Point Limited, a Lagos-based real estate firm has launched her brand of home ownership scheme tagged ‘Cedar Homes’ aimed at providing access to quality and affordable housing for middle income earners.