A portal of the National Insurance Commission (NAICOM) that will integrate all insurance transactions in the insurance industry into a single hub will go live next year, its Acting  Commissioner, Mr Sunday Thomas said on Thursday. Speaking at the 2019 Insurance Professional Forum organised by the Chartered Insurance Institute of Nigeria (CIIN) in Abeokuta, Ogun […]

The local currency, naira, traded on a flat note at both the parallel market and interbank market of the Central Bank of Nigeria on Thursday. While the naira was exchanged at N306.90 to a dollar at the interbank segment of the foreign exchange market, same rate it was sold on Wednesday, the Naira was traded […]

MTN Nigeria and Nestle Nigeria Plc have supported this year’s celebration of the World Teachers Day. A statement obtained on Thursday said the companies’ sponsorship of the event held in Ota, Ogun State received the commendation of teachers in state. The state Chairman of the Nigeria Union of Teachers, Mr Titilope Adebanjo, said though the […]

The National Council on Privatisation has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation Company (Afam Power Plc and Afam Three Fast Power Limited) with a bid price of N105.3bn (about $343.6m). The council also approved Quest Electricity Nigeria Limited as the preferred bidder for the re-privatised Yola Electricity Distribution […]

FMDQ OTC Securities Exchange recorded a turnover of N179tn in nine months. Data obtained from the FMDQ on Thursday showed that the exchange recorded N15.08tn turnover in January, N19.18tn in February, and N28.98tn in March. In April, May and June, the FMDQ recorded N16.37tn, N20.49tn and N19.12tn, respectively. In July, FMDQ recorded N16.36tn turnover, which […]

The Nigerian Stock Exchange has called for an increase in collaboration with capital market operators. The Chief Executive Officer, NSE, Mr Oscar Onyema, while speaking during the closing gong ceremony of the Association of Securities Dealing Houses of Nigeria, restated the Exchange’s confidence in the association. Onyema, who was represented by the Executive Director, Regulation, […]

The United Nations Industrial Development Organisation is to invest $60m in about nine sectors in Nigeria. A statement issued in Abuja on Thursday by the Federal Ministry of Works and Housing stated that a delegation from UNIDO revealed this during a courtesy call on the Minister of Works and Housing, Babatunde Fashola. The leader of […]

The Bilateral Air Service Agreements between Nigeria and other countries around the world have risen to 92, just as there are indications some state governments are mounting pressure on the Federal Government to bring in foreign airlines into their states. Information obtained from the Nigerian Civil Aviation Authority on Thursday showed that the air agreement […]

The Federation Account Allocation Committee has shared a total of N693.529bn to the three tiers of government for the month of September 2019. The amount comprises revenue from the Value Added Tax, exchange gain and gross statutory revenue. FAAC also announced that as of October 17, 2019, the balance in the Excess Crude Account was […]