The Federal Government has voted N14.69 billion for group life for its Ministries, Departments and Agencies (MDAs) in the 2016 Appropriation Bill passed by the National Assembly on March 23, 2016.

Shareholders in the nation’s capital market have decried poor return-on-investment from insurance companies and called on the National Insurance Commission (NAICOM) to implement changes that will guaranty them better returns.

There are indications that the slowdown in economic growth recorded last year persisted in the first quarter of this year.

As a response to the growing need for the development of non-oil sectors in the country, over thirty-six Indonesian companies from within and outside Nigeria will feature at the maiden edition of the Indonesia Solo Exhibition billed to take place in Lagos early next month.

Lagos State Governor Akinwunmi Ambode has unveiled the Office of Overseas Affairs and Investment, otherwise known as Lagos Global. The Lagos Global, an initiative of the Ambode administration, is a one-stop shop designed to enhance ease of doing business in Lagos State and also actualize the state’s vision of becoming Africa’s model megacity and global economic and financial hub.

Shelter Afrique has received $8.2 million injection of equity from the African Development Bank (AfDB). Shelter Afrique is a pan-African finance institution which exclusively supports the development of housing and real estate sector in the continent.

Organisers of the maiden edition of the fire safety conference by the National Fire Protection Association West Africa, NFPAWA, scheduled for April 18 to 21, 2016 in Lagos, have reiterated its importance in view of fire disasters and building collapses currently being experienced across the country.

Bi-Courtney Aviation Services Limited (BASL), operator of the Murtala Muhammed Airport Two (MMA2),weekend said it is still awaiting regulatory approval from the Nigerian Civil Aviation Authority (NCAA) before commencing operations, despite obtaining authorisation from the Federal Airports Authority of Nigeria (FAAN) to commence regional operations at MMA2 as set out in the concession agreement between the two.

The president of International Civil Aviation Organisation, ICAO, Dr Bernard Aliu has stressed the need for aviation agencies in the country to imbibe the culture of development of human capacity building.

ABUJA — The Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that a number of international oil companies, IOCs, in the upstream oil and gas sector have agreed to provide foreign exchange for oil marketing companies for the importation of premium motor spirit, also known as petrol.