archiveJune 22, 2016

The Federal High Court in Lagos has dismissed the claim by the suspended Nigerian Maritime Administration and Safety Agency (NIMASA), Executive Director, Maritime Safety and Shipping Development, Captain Ezekiel Agaba, that the Economic and Financial Crimes Commission (EFCC) forced him to make a statement against his will. In a ruling...

Investors on the Nigerian Stock Exchange (NSE) continue to enjoy price appreciation that has been their lot since the commencement of the new forex policy by the Central Bank of Nigeria, even as they gained  N242 billion in Wednesday transactions. From N10.105 trillion on Tuesday, the Market Capitalisation rose to...

  Niger Delta militants on Wednesday alleged that the Federal Government was deliberately not making efforts to enter into round-table discussion with them since they announced a two-week ceasefire to halt further hostilities in the region. The militants speaking under the umbrella of Ultimate Warriors of the Niger Delta (UNWD)...

The Federal Government has introduced a new debt management strategy expected to be in operation from 2016 to 2019. It is targeted at a marginal increase in external borrowing and increased commitment to capital projects execution. According to a press statement from Debt Management Office (DMO) its Director General, Dr....

Foreign investors have praised Nigeria’s decision to adopt floating currency policy, but most of them nonetheless will stay away until the country shows signs of recovering from damage inflicted by the 16-month old exchange rate peg. Nigeria this week finally ditched the peg that had throttled foreign exchange markets, led...

It is a good news that the review committee on the revised insurance (consolidated) bill concluded its job and recently submitted the new revised bill to the Finance Ministry, experts as well as insurance operators feel that this is the starting point to overhauling the current Insurance Act 2003, hoping...