Category: Business

Pros And Cons Of FG’s Bail-Out For States

President Muhammadu Buhari on Monday last week approved a package of measures to bail out cash-strapped states to enable them to pay public sector workers, some of whom have not received salaries for up...

PPP: A Failed Initiative At Affordable Housing

The Public Private Partnership (PPP) in housing provision started in Nigeria in the early 90s, after the 1991 National Housing Policy, which supported and promoted private sector participation in housing provision. This is also...

Foreign Reserves Rise By $719m In Eight Days

Nigeria’s foreign exchange reserves which stood at $29.00 billion as at June 30 rose to $29.719 billion on July 8, indicating that it grew by $719 million during the eight day period, data from...

Insurers To Lose Licence For Non-Payment Of Claims

The National Insurance Commission (NAICOM) is to begin sanctioning insurance companies that refuse to pay genuine claims to their policyholders from October 1 this year. From that date, defaulting insurers will be made to...

State Of Nigerian Roads: Pains, Losses To Economy

The state of oil producing communities in the Niger Delta region and the Apapa/Oshodi express Way, serving as main access road to the two seaports in Lagos state, presents clear examples that government often...

NCRIB Spits Fire Over Corporate Governance Code

The Nigerian Council of Registered Insurance Brokers (NCRIB) has vowed to ensure that the interest of its members is not in any way emasculated by the Code of Corporate Governance being proposed by the...

Switzerland Tests Postal Deliveries By Drone

The Swiss postal service has started testing the use of drones to make deliveries, a move it says will help in emergencies and allow items to reach isolated areas.  Footage released by Swiss Post...