CIIN and insurance CEOs have endorsed the Senate’s passage of a bill to rename the National Insurance Commission as the Insurance Regulatory Commission.
The government urged the bidders to develop the assets rather than treat the licences as investment trophies or merely use them to seek technical or financial partners.
Heirs General Insurance has urged policymakers, developers and other stakeholders to make insurance protection a central part of Nigeria’s housing agenda.
The Kaduna government says its ultra-modern Eastern Terminal, designed like an airport terminal, will transform transportation and create thousands of jobs upon completion.
The naira on Tuesday appreciated at the official market, trading at N1,375.30 to a dollar.
A total of 143 companies submitted 200 bids for 37 of the 50 oil and gas blocks originally put on offer.
The performance marked the third consecutive trading session of gains.
The ICPC handed over 27.92 hectares of forfeited land linked to a diverted $65 million housing project to the Federal Mortgage Bank of Nigeria.
Speaker Mudashiru Obasa referred both requests to the Joint Committee on Economic Planning and Budget and the Committee on Finance for detailed scrutiny.
She said the gesture was to support the development of the Akwete production site, with a view to creating more jobs and boosting the state’s economy.
