The takeover of Destination Inspection (D/I) function by the Nigeria Customs Service (NCS) earlier this month, has caused the revenue collected by the Service to rise from about N500 million to N1billion daily.

Pension Fund Operators of Nigeria, PenOp, has said that many employers have refused to buy group life insurance policy for their employees as mandated by the Pension Reform Act, 2004.
According to PenOp, many families of employees who died in active service have become impoverished because their employers refuse to take up the group life insurance cover.

The reforms and tighter regulations introduced in the Nigerian capital market continued in the year 2013 leading to improvement in market activities, with the equities and bond markets on the upsurge when compared to the preceding year.

Bayelsa State has been organising international events and still counting. The latest is the Bayelsa International Jazz Festival.
Ebizi Ndiomu-Brown, Director General of the Bayelsa State Tourism Development Agency, in this interview, gives an insight into why the state administration has decided to promote massive tourism in the state.
She also speaks about other issues affecting the sector.

Chief Solomon Ogbonna, is one of the foremost building developer in Lagos, particularly Lekki/Ajah axis, where he has developed a lot of properties with first class building materials equal to international standard. In this interview with Moses Nosike, he reveals why cost of developing properties is high in Nigeria, blaming government for its inability to promulgate housing policies that could enable the masses afford and own houses in Nigeria

Over a year after the announcement by the Minister of Finance and the Coordinating Minister of Economy, Dr. Ngozi Okonjo-Iweala, that Value Added Tax and stamp duty would be removed from transactions in the secondary segment of the Nigerian Stock Exchange, NSE, nothing has been done.

Researchers at the International Institute of Tropical Agriculture (IITA) have come up with soilless yam propagation as they have successfully grown seed yams in the air using aeroponics technology.

Nineteen thousand, four hundred and thirty nine federal civil servants have benefited from the staff housing loan scheme by the Federal Government to solve housing deficit in the country.

Phones and Allied Products Association of Nigeria have appealed to the Consumer Protection Council, CPC, for more time to withdraw fake phones from the market before January 20thnext year.

Crude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season.

The Nigerian Insurers Association, NIA, said that the insurance sector may witness reduced profitability in the next financial year due to the implementation of the ‘no premium, no cover’ policy of the National Insurance Commission, NAICOM.

The Securities and Exchange Commission, SEC, has approved Oando Plc’s N30.7 billion fund raising through a special placement exercise.

Law Union & Rock Insurance Plc, recorded N4.16bn gross premium in 2012 financial period.

Shareholders of Unity Bank have authorized directors of the bank to raise additional capital of N40 billion through Rights issue and Special/Private placement of its shares.

With only seven days to the end of the year, some insurance companies are still foot dragging in submitting their 2012 financial results to the National Insurance Commission, NAICOM, because the penalty for late submission of results is mild, experts have said. Accordingly, there should be stiffer sanctions meted out to companies for submitting their financial results late, according to experts.