The Pension Fund Operators Association of Nigeria (PenOp) has reiterated the need for proper investment of pension funds, noting that careless deployments could wipe the gains already achieved in an instant. Chairman of PenoP, Mr. Eguarekhide Longe, who said this at the association’s 4th annual general meeting in Lagos, noted that the call to invest a greater portion of the pension funds in infrastructure require clear, calm, incisive and strategic thinking to achieve any notable success.

To boost Nigeria’s housing sector which currently suffers a deficit of about 18 million housing units, a renowned Lagos-based real estate development firm, Deluxe Residences Limited, has introduced “The Empire Estate” in Victoria Island, Lagos. The project comprises of a choice of two super luxury apartments known as The Empire Royale Apartments and The Empire Vogue Apartments. The apartments consist of 280 unit housing types. Located specifically on Water Corporation Drive, Off Ligali Ayorinde, both apartment complexes, are iconic structures that offer panoramic views of the Atlantic Ocean and the nearby Eko Atlantic mega project currently under development.

Providing real skills for unemployed graduates in the country will halt unemployment crisis and create more jobs, Founder/CEO, Centre for Values and Leadership (CVL) Prof. Pat Utomi has said. Utomi pointed out that it is important for the country to take advantage of its demographic dividend taking cue from China and India. Utomi said this at a Graduation Ceremony for about 100 CVL Young Entrepreneurs in Lagos, saying, “If we can take our unemployed graduates, put them together and provide them with real skills, it will be much easier for them to create more jobs because their mind has been broaden by education. This will help other people and add value to the economy and improve the quality of life of the people.

Femi Otedola, Mike Adenga and three other entities quoted on the Nigerian Stock Exchange, NSE, lost N265.4 billion in the first half of 2016. However, other investors on the Nigerian Stock market regained over N314.74 billion in the six months trading as the Year to Date, YtD, return on market value as at 30th June, 2016 appreciated by 3.20 per cent to close at N10.165 trillion from N9.850 trillion it closed on December 31, 2015. Meanwhile, shareholders of quoted companies reacting to the dwindling performance of the stock market decried neglect of retail investors by regulators of the market.

The Lagos Chamber of Commerce and Industry, LCCI, has said the role of the insurance sector in the growth and development of the economy represents the backbone of risk management systems but that performance indicators of the insurance sector in Nigeria are still below average and contributes less than 1 per cent to the Gross Domestic Product (GDP).