President Goodluck Jonathan has said his administration is aware that insurance is an essential ingredient of economic growth and development of any country and will support the insurance sector in Nigeria.

We featured in this column last week the first part of a consideration of the 2012 annual report and accounts of FBN Holdings Plc, FBNH. Our primary conclusion is that FBNH is under-performing. We then asked the question, why is the recovery of FBNH slow post the 2008 market crash.

The Central Bank of Nigeria (CBN) has stated that the Chief Executive Officers (CEOs) of banks in the country have indicated their preference for high interest rate rather than the devaluation of the naira.

The Federal Government earned about N522.1billion from Petroleum Profit Tax, PPT, royalties and domestic crude oil and gas sales in May 2013, according to data released by the Central Bank of Nigeria, CBN.

THE immediate past Chairman of the Association of Nigerian Licensed Customs Agents, (ANLCA), Apapa Chapter, Mr. Kayode Farinto has protested the outcome of the biometric exercise carried out by the group’s current national executive.

The Nigeria LNG Limited, NLNG, the nation’s foremost liquefied natural gas, producer, may have lost about $525 million as a result of the ongoing dispute with the Nigerian Maritime Administration and Safety Agency, NIMASA, over levy.

By Sebastine Obasi Nigeria lost about 11.75 million barrels of oil from 2010 to 2012, due to crude oil theft, the Group Executive Director, Refining and Petrochemicals, Nigerian National Petroleum Company, NNPC, Mr. Anthony Ogbuigwe, said. Ogbuigwe disclosed this at the Petroleum Policy Roundtable, held in Lagos, last week. According to him, 2.31 million barrels […]

To ensure that electricity consumers are adequately metered in the country, two indigenous firms, MOMAS System Nigeria Ltd, and MOJEC International, have thrown their weight behind the Credited Advance Payment Implementation, CAPMI Scheme, in collaboration with the Eko Electricity Distribution Company.

By nature, the capital market is highly risky. And that is why some people call it a gambling exercise, but I am telling you that every investment, be it in the capital market, in housing, construction and others are kinds of gamble.

The Deputy British High commissioner for Nigeria, Peter Carter, has identified science and innovation as key elements for Nigeria’s economic growth.

Chevron Nigeria Limited, CNL, said it is sponsoring qualified young graduates to a training course on Remotely Operated Vehicle, ROV, overseas, as part of its efforts to assist Nigerians acquire necessary manpower in the deep water sector of the oil and gas industry.

The Nigeria LNG Limited, NLNG, the nation’s foremost liquefied natural gas, producer, may have lost about $525 million as a result of the ongoing dispute with the Nigerian Maritime Administration and Safety Agency, NIMASA, over levy.

IPWA Plc, HIS Plc, Forte Oil Plc, MRS Oil Nigeria Plc, PZ Cusson Nig Plc, and UTC Nig Plc were among the stocks that garnered enough investors’ patronage last week to make it to the top ten gainers chart. Others are Champion Breweries Plc, Julius Berger Plc, 7-Up Bottling Company and ABC Transport Plc.

One of the most powerful channels of investment is cooperative societies. Many people have heard about them, but only few understand them and the immense opportunities they offer. As a result, only a fraction of the society are tapping into and enjoying these opportunities. Even the government is yet to realise how powerful cooperative societies can be, especially in eradicating poverty and improving welfare of the citizens. Fully exploited, cooperatives can enhance job creation and national productivity.

The United States of America Coast Guard has indicted the Nigerian government over the confusion at the nation’s ports, as to who has the authority to implement the International Ship and Port Facility Security (ISPS) Code in the country among the various government agencies.