Insurance intermediaries in the country have accused underwriters of deliberately withholding some of their commissions thereby contributing to the slow growth of their businesses.

Nigerian workers world-wide are expected to remit N3.27 trillion ($21 billion) back home in 2012, almost a 100 per cent increase above N1.65 trillion ($10.6 billion) recorded in 2011, according to a new World Bank brief on global migration and remittances.

The Federal Capital Territory Administration (FCTA) has began the process of tracking infrastructural facilities and social amenities in the six Area Councils and Satellite Towns in the Territory. The Administration has established a Ministerial Committee on Baseline Data Surveys for the Planning and Development of the Area Councils and Satellite Towns in the FCT.

The value of listed equities on the Nigerian Stock Exchange, NSE, continued on a downward trend last week, as price losses in highly capitalised stocks resulted in N32 .62 billion depreciation.

National Pension Commission,PenCom has indicated intention to come up with proposals to amend the enabling Act of the new Contributory Pension Scheme (CPS) in response to growing calls for the investment of some part of the N2.9 trillion pension assets in infrastructure development.