Some finance experts have said that the plan by the Central Bank of Nigeria (CBN) to kick-off its cashless society pilot scheme in Lagos State might not be easy as it could slow down business activities in the state. According to them, one of the major...
The Nigeria Deposit Insurance Corporation has said that effective inclusive financial system with broad based provision of financial services would reduce poverty in the country. The Managing Director of the corporation, Alhaji Umaru Ibrahim, who made ...
FinBank has set a strategic plan to increase its profit after tax of N2.42 billion for its financial year ending December 31, 2011. The bank also planned to raise its gross earnings to N43.35 billion within the same period. The bank had earlier project...
Professionals in the nation’s housing and construction sub-sector have tasked the federal government to stand strong and tackle the challenges posed by inadequate housing. They noted recently in Lagos that vibrant government policies in the secto...
The Lagos State Government has said it would require N109 billion to fix roads in Ikeja, the state capital and its environs to facilitate free vehicular movement. Commissioner for Works and Infrastructure, Dr. Obafemi Hamzat, said this at the end of an...
Following criticisms from political opponents that the Fashola government was only concerned about developing roads in highbrow areas, the administration has mobilised contractors to fix inner roads in the state . Confirming the present change of polic...
A regime of internationally acceptable standards adopted for construction works is to be observed and implemented by all contractors working with the Lagos State Ministry of Works and Infrastructure. According to the Commissioner for Works and Infrastr...
World Bank has expressed its readiness to work in close relations with the Real Estate Developers Association of Nigeria (REDAN) as a way of assisting the federal government in the housing reform agenda. In a roundtable session with top executives of R...
The National Insurance Commission (NAICOM) is set to enforce compulsory insurance under the Market Development and Restructuring Initiative (MDRI) in September. The Director, Research, Statistics and Information Technology (R,S&IT) of the commissio...
Law Union and Rock Insurance Plc recorded a 14.65 per cent growth in gross premium for the financial year ended December 31, 2010. According to the financial results announced by the management at its 42nd Annual General Meeting in Lagos, the company r...
Continental Reinsurance Plc has posted a 36 per cent decline in profit after tax during second quarter ended June 30, 2011. In filings from the Nigerian Stock Exchange(NSE), the unaudited result for the second quarter showed a profit after tax of N540....
Nigeria and Chelsea star John Obi Mikel's father has been kidnapped , according to his management. Michael Obi has not been seen or heard from since he failed to return home from work on Friday in Jos, Plateau State. "John Obi Mikel's fath...
Presidency has finally given approval for the payment of housing allowance to all registered ex-militants that have passed through the Amnesty non violence training programme in Obubra, Cross River.This was disclosed in Obubra, Cross River State by the...
Hypertension has killed lots of Nigerian over theyears, both adults and young people. But how can it be treated? A family health physician, Dr. Sunny Ekwunife was of the view that high blood pressure is poorly diagnosed by doctors. According to him, th...
Three years ago, precisely on August 14, 2008, 11.00am, Nigerian government handed over Bakassi Peninsular to Cameroon following a ruling by the the International Court of Justice at the Hague, The Netherlands. The victims of that singular action have ...