The Central Bank of Nigeria (CBN) has disclosed that five months after unveiling the Small and Medium Enterprises Credit Guarantee Scheme (SMECGS), for which N200 billion was set aside to promote easy access to credit by SMEs in Nigeria, it is yet to receive any application from any bank for the fund.

As a rule, crime is inversely proportional to economic development. Nigeria faces the extreme end of this problem, with activity emerging as one of the biggest challenges to its economic stebility of late.

Access Bank Plc, has announced a donation of $1 million to the Global Fund’s Gift from Africa” project redeemable over a 3-year period (2010 – 2012), with the first payout due this year.

An operator in the courier industry, Mr. Siyanbola Oladapo, has pledged to revolutionise the courier industry in the country in such a way as to ensure better profitability for companies in the sector.

The Nigerian Export-Import Bank, NEXIM, has invited the Economic and Financial Crimes Commission to help in its efforts to recover about N14.6 billion owed the bank by some customers who are mainly export-oriented companies and individuals.

The Securities and Exchange Commission (SEC) has approved the allotment of Unity Bank Rights Offer following its successful conclusion.

The Naira depreciated to its lowest level in more than a year versus the dollar on speculation companies stepped up dollar purchases to repatriate profits and buy imported goods.

Experts have recommended that for a business concern to attract investors into its fold, conscious efforts must be made by the management to secure the right debt-equity mix.

Criticisms have continued to trail the recent pronouncement of the Central Bank of Nigeria (CBN) that banks operating in the country would be made to use one Registrar for their share registration, a development that operators in the capital market said contradict the SEC’s anti competitive practices.

Thirty-two staffers of the Nigerian Stock Exchange, NSE who were recently laid off due to reorganisation at the exchange have dragged the institution to court claiming that due process was not followed in the purported termination of their employments.

A new vista of investment opportunity has opened to investors who are interested in earning attractive returns in the medium to long term as BGL Asset Management Limited shops for N2.5 billion through Sapphire and Nubian funds.

Events in the Nigerian and global business world over the past three years have focused attention on various aspects and functionalities of businesses, the role of government in regulation of businesses, the role of shareholders in corporate governance, how public corporations use publicly raised funds, who determines how corporate entities function in the market place, etc.

The Federal Government has reiterated that intrastate veterinary control posts across the country are meant for disease surveillance and not revenue generating outposts as practiced by some states in the country.