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NAICOM Boss Tasks Insurers On Customer Satisfaction, Professionalism

The National Insurance Commission (NAICOM) has charged operators in the nation’s risk underwriting sector to prioritise improved service delivery as a strategic option of satisfying customers and by implication, grow the industry and improve its contributions to the Gross Domestic Product (GDP). The Acting Commissioner for Insurance, Mr. Sunday Thomas, gave the charge in his […]

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Board Of Governors Approves New $115Bn Capital For AfDB

Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution at an extraordinary shareholders’ meeting held Thursday in Abidjan,.the Ivory Coast capital. The capital increase, the largest in the history of the development finance institution since its establishment in 1964, demonstrated […]

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Again, LCCI Harps On Imperative Of Investment-Friendly Policies For Growth

The Lagos Chamber of Commerce and Industry (LCCI) on Friday reiterated the need for the Federal Government to show more commitment to the promotion of investment-friendly policies as a strategic option of attracting capital into the economy and positioning it on the path of sustainable growth. The President of the organized private sector (OPS) group, […]

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Capital Market Crucial To Our Future Devt – Ahmed

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has described the the nation’s capital market as crucial to Nigeria’s sustainable development. Ahmed stated this in a keynote address at the Investing and Capital Market conference held on Thursday in Abuja, She said: “We want a vision for a future Nigeria where the […]

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Lack Of Audit Act Constraining Audit Institutions’ Work – Auditors-General

Auditors General in the country have identified the absence of an enabling law that will guarantee administrative and financial autonomy for the Office of the Auditor-General for the Federation, and enhance its efficiency and effectiveness, as the most critical challenge currently facing audit institutions in the country. The professionals raised this issue at the the […]

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Nigeria Up 15 Spots In Global ‘Ease Of Doing Business’ Ranking

The World Bank has reported that Nigeria now ranked 131st position in the global Ease of Doing Business, indicating that the country moved up by 15 places from the 146 position it was ranked in 2019. The Breton Wood institution stated this in its latest Ease of Doing Business ranking report published on Thursday. The report indicated that amongst the factors that influenced the country’s […]

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SEC Working on Crowdfunding Regulation – Uduk

The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, at the weekend hinted of arrangements being made by the commission to design a framework that would regulate the use of crowdfunding by small businesses to raise capital in the Nigerian Stock Exchange. Uduk, who gave this hint while interacting with […]

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BPE Generates N135Bn Revenue In Fiscal 2019 – DG

The Director General of the Bureau of Public Enterprises (BPE) Mr. Alex A. Okoh, on Sunday confirmed that the privatization agency had so far generated N135 billion out of the N220 billion set for it as revenue target for 2019 fiscal year. Okoh, who disclosed this during an interactive forum with the Senate Committee on […]

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IMF Endorses CBN’s Policy Initiatives To Grow Economy

The International Monetary Fund (IMF) has reiterated its support for the Central Bank of Nigeria’s (CBN’s) sustained tight monetary policy and other measures being implemented to stabilize the Nigerian financial system and improve the nation’s economic growth. The support was expressed by the multilateral financial institution’s  Chief Economist and Director of Research Department, Gita Gopinath, […]