The National Agency for Food and Drug Administration and Control (NAFDAC) is set to commence the registration and certification of chemical manufacturers’ products and premises as part of its collaborative efforts to explore the international market to enhance the nation’s foreign exchange earnings and serve as a potent catalyst for industrial growth. The NAFDAC’s Director […]
The Debt Management Office at the weekend stated that the Federal Government of Nigeria’s (FGN’s) N150 billion bonds for subscription would be offered on Wednesday, June 25. The bonds, which have the same date for settlement, comprised three bonds worth N50 billion each. A circular issued by the DMO on the planned offer of the […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that Nigeria’s earnings from oil and gas sector rose to $34.22 billion in 2019, representing 4.88 per cent higher than the $32.63 billion earned in the preceding year. The industry monitoring agency gave this hint in its 2019 report indicated that the report covered 98 entities, […]
L-R: Member, NDIC Board, Adewale Adeleke; MD/CEO, Bello Hassan; Chairman House Committee on Insurance and Actuarial Matters, Hon. Darlington Nwokocha; Deputy Chairman, Hon. Ahmadu Jahar; ED/CS NDIC, Hon. Omolola Abiola Edewor and ED-OPs, Mustapha M. Ibrahim at the 2021 Retreat for House of Representatives Committee on Insurance and Actuarial Matters.
Russian Deputy Prime Minister, Alexander Novak, on Thursday cautioned that the European Union’s (EU’s) plans to impose carbon emission costs on imports of goods may clash with the global trade rules and threaten the safety of energy supplies worldwide. Reuters reports that a draft document indicated that the EU planned to impose carbon emission costs […]
Indications that cryptocurrency investment is gaining traction across geo-political zones globally have further been demonstrated as crypto asset ownership in the UK surged by a fifth to 2.3 million people from 1.9 million last year. Findings by the Financial Conduct Authority (FCA), UK financial regulator, showed that awareness about cryptocurrency trading and investments were also […]
The Centre for the Study of Economies of Africa (CSEA) has charged the federal and sub-national governments in Nigeria to improve the nation’s business climate as a strategic option of boosting Value Added Tax (VAT) collection and growing key sectors of the economy on a sustainable basis. The leading non-for-profit research think tank gave this […]
The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Composite Price Index (CPI), which measures inflation, dropped marginally to 17.93 percent year-on-year (YoY) in May 2021 from 18.12% recorded in the preceding month. The May rate represented 0.19% points lower than the rate recorded in April The official statistical data producing and publishing […]
Britain and Australia on Tuesday announced a free trade deal which the British government described as an important step towards building new trade relationships following its departure from the European Union (EU). By its projection, the British government believes that cars, Scotch whisky and confectionery would be cheaper to sell in Australia because of the […]
Researchers at Morgan Stanley have projected a slowdown in property and casualty (P&C) insurance rates as lines begin to approach pricing adequacy. Currently, overall rate increases continue to remain positive and above loss trend, as evidenced by improvement in Q1 commercial lines margins. However, analysts at Morgan Stanley, one of the global leaders in executing […]