The nation’s external reserves have risen by $4.7bn or 20 per cent in the past three months, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website on Sunday revealed that the foreign exchange reserves increased from $24.0bn on November 9, 2016 to $28.7bn on February 9, 2017. The data also showed that within …

The Niger Delta Indigenous Movement for Radical Change (NDIMRC) has rained heavy knocks on the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside over his recent statement that the agency would not fund the Maritime University, Okerenkoko, Delta State. Dr Da­kuku Peterside, recently declared that the agency will continue to fund the Maritime Acad­emy …

Nigerian insurance firms, whose financial accounts are yet to be summited before March 31, 2017, would be barred from engaging in further business activities, industry regulator, National Insurance Commission (NAICOM), has revealed. The Commission affirmed that it would take action against officials responsible for financial reporting, as well as publish the compliance status of insurance firms on its website for …