Former Minister of State for Finance, Dr Remi Babalola has urged the Nigerian Council of Registered Insurance Brokers (NCRIB) to stop unregistered brokers from grabbing government business and other large accounts only to dent the image of the sector in the process.

Despite the massive devaluation of the Naira, foreign portfolio investors have continued to adopt a wait and see attitude toward Nigeria hoping for further devaluation of the naira. Investigation showed that foreign investors relatively showed more interest in government bonds compared with their interest in shares. Across the economy, interest in direct investment from foreign investors is low, primarily due to foreign exchange volatility and Nigeria’s weak macro-economic outlook.

The authenticity of the 17 million housing units deficit figure in Nigeria being bandied about is in doubt, not being backed up by any proven data, Prof Mohammed Al-Amin, Managing Director, Federal Housing Authority (FHA) has said.

Real estate experts who gathered at a stakeholders’ forum organised by Pertinence Real Estate Development Company Limited, a Lagos-based developers and promoters of ABC estates across Nigeria, have argued that contrary to belief that the ongoing recession in the country has hampered growth of businesses, the recession is actually a blessing in disguise to those who know what to do, just as it affords opportunities to think outside the box and makes people to be innovative.

The Christian Council of Nigeria, CCN, has called on the President Muhammadu Buhari’s administration to shelve its plan on securing the controversial $30 billion foreign loan.