The number of passengers patronising the Lagos to Kano inter-city rail service has significantly declined.

Nigeria is on the verge of losing its prestigious ‘Africa’s biggest oil producer’ as Angola drew level with it in May, with daily oil production at 1.97 million barrels per day.

There are different types of collective investment schemes (mutual funds) for different investment purposes. It is important that you understand the purpose or investment objectives of a mutual fund before deciding to participate or not.

Every investment is a risk, especially in this part of the world. I think investment in mutual funds is good and can be undertaken considering the benefit that comes with it; which includes, help from the group when a member is in financial problem

Chevron Nigeria Limited said it has invested about $4 billion (N640 billion) in the Nigerian economy as at the end of 2012.

Leading telecoms operator, Airtel Nigeria has refurbished the Faculty of Education’s auditorium of the University of Lagos, Akoka with top-of-the-range air conditioners as it also commissioned a customer experience centre at the university to cater to the needs of the university community and the Akoka environs.

Access Bank UK Limited, the wholly-owned subsidiary of Access Bank Plc, has declared that its Assets Under Management, AUM, in the private banking and asset management business has increased by over 200 percent to US$18.5 million by the end of 2012.

Nigerian National Petroleum Corporation, NNPC, Monday, said it will acquire the divested assets of International Oil Companies, IOCs, in Nigeria.

A crisis of Integrity and leadership is currently tearing the Institute of Chartered Accountants of Nigeria apart. Members are angry over what they see as deceit and concealment of facts by the ICAN leadership, a body set up to regulate accounting practice in Nigeria.

More than 5.73 million Nigerians have now embraced the mobile banking platform which took off in the country two years ago.

The lack of a robust mortgage financing system in Nigeria has made rate of home ownership in the country one of the lowest in Africa.

THE Director-General, Securities and Exchange Commission, SEC, Ms Arunma Oteh has said that the Nigerian economy will continue to be weak as long term investments in the economy is absent.

The Central Bank of Nigeria (CBN) has said that there would be a constant review of the prescribed minimum capital requirement for Microfinance Banks (MfBs) in the country.

Petroleum Industry, PIB, Lead Team, which put together the proposals contained in the Petroleum Industry Bill, PIB, has clarified certain issues raised by the Chairman, Nigerian Extractive Industries Transparency Initiative, NEITI, Mr. Ledum Mitee, on Friday.

Contributions into the National Housing Fund (NHF) scheme rose to N22 billion in 2012 from N17 billion in 2011, accounting for about 40 per cent of total collections since inception about 21 years ago.