The Nigerian Accounting Standards Board (NASB), has identified amendment of incompatible financial legislations and collaboration among financial regulators in the country as conditions for effective implementation of International Financial Reporting Standards (IFRS) in the country.

The Central Bank of Nigeria (CBN) has released N96.8 billion to finance 86 agricultural projects across the country under the N200 Commercial Agricultural Credit Scheme (CACS).

Great Nigeria Insurance (GNI) Plc says it has put in place a risk inspection and survey unit that will enable it assess and settle small to medium sized claims with out delay.

National Insurance Commission (NAICOM) has approved a total of 15 new products for Capital Express Assurance Limited for deployment into the market in 2011.

Anchor insurance company Limited in the financial year ended December 31, 2009 posted grew its total income to N788.5 million as against N495.5 million in 2008, showing a 59 percent growth.

The management of Niger Insurance plc has assured the esteemed shareholders of better returns on their investment in the years ahead.
The company’s Managing Director, Clinton Uranta, who gave this assurance during a chat with journalists in Lagos recently, stated that having witnessed a challenging year in 2009, things can only get better in the coming years.

Meanwhile the Institute has opened a New Office in Abuja as a major step aimed at strengthening the Institute’s presence in the Federal Capital Territory .

The Chartered Insurance Institute of Nigeria has threatened to withdraw the Fellowship and Associateship certificates issued by the body to some members if the institute has good reasons to do so.The Institute recently awarded twelve Fellows and One Hundred and Fifty Eight Associates.

Imo state governor, Chief Ikedi Ohakim has congratulated the Director General, National Sports Commission (NSC), Chief Patrick Ekeji over the sports excellence award being bestowed on him by the Sports Writers Association of Nigeria (SWAN),
Imo state chapter.

A turnover of 20.85million unitsworth N19,155.65million in 24 deals was recorded last week in the Over the Counter (OTC) market , in contrast to a total of 124.66 million units valued at N128,971.29 million exchanged in 221 deals recorded penultimate week , ended Thursday, December 23, 2010.