The Federal Government has been called upon to punish corporate organisations that default in discharging their responsibilities under the National Housing Fund (NHF) Scheme.

“The Ministry of Finance may seek parliamentary approval to alter key 2010 budget assumptions to better reflect global energy prices and the country’s crude oil output.The Minister of State for Finance, Mr. Remi Babalola disclosed this in Abuja on Thursday.

Despite the Central Bank of Nigeria’s recent pronouncement of a N500bn industry revival fund for operating industries seeking to refinance or restructure their operations, business owners still groan under the harsh and unconducive operating business environment.

Consolidated Breweries Plc has re-branded two brands in its stable, “33” Export Lager Beer and Hi-Malt non-alcoholic malt drink, both of which now adorn a new and vibrant look. With the same taste and price tag, the brands now offer greater appeal to the eye, striving for unalloyed affection of consumers nationwide.

Property developers, under the aegis of Real Estate Developers Association of Nigeria (REDAN) have identified lack of reliable market data in the country as a major hurdle in attracting offshore financing for real estate development in the country, which now requires local bank guarantee.

T he brewery industry has continued to grow in lips and bounnds, and the market growing all the same with companies improving on their product line, and strategies to scoop bigger market share are marshalled out, as well consumers satisfaction is paramount

Bulls to assume market control The decline witnessed in the equities’ segment of the Nigerian Stock Exchange (NSE) is expected to give way to a bullish run this week.

A Dubai-based real estate developer has declared that a mixed income housing scheme whereby high income earners live the same locality with middle and low income earners is the most suitable development option for Lagos and other emerging metropolis in Nigeria.

Banks are reviewing their prime lending rates downward to reflect the crash in deposit rates from 11 per cent to three per cent Vanguard survey has revealed.

National Insurance Commission has in the first quarter of this year adjudicated on five major complaints among which are complaints on transfer of life portfolios, merger & acquisition. The others are complaints on bonds, pensions and education endowment products

Omatek, the household name in computers and home entertainment products has promised to make this year’s Children’s Day celebrations memorable through a special offer for children.