Investors on the Nigerian Stock Exchange (NSE) last week lost a reasonable value of their investment on stocks, as equities value represented by the market capitalisation depreciated by N111.25 billion.

Oceanic Bank International Plc has dedicated the Award it won in India to shareholders and customers who had contributed immensely to the turnaround effort of the Bank.

Inmobi, a mobile network research company, said the new survey it conducted recently showed that 69 per cent of African consumers are comfortable with mobile ads, which proves to be the highest in the world.

Cost managers in Nigeria, under the aegis of the Certified Institute of Cost Management of Nigerian (CICMN), last week, charged people in government, particularly those who are seeking electoral offices in the incoming 2011 elections, on the need to utilize the Nigerian resources efficiently, saying that leadership is not the birthright of a group of people, region or faith.

MISTER Abiola Popola, FCIM, is the President/Chairman of Council, Chartered Institute of Personnel Management of Nigeria, CIPM. In this interview with Vanguard’s Correspondent, Victor Ahiuma-Young, he spoke about the re-branding of the nation’s foremost HR Management Institute, the challenge posed by quacks to the profession, delay by government in accrediting the institute among others.
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Fumman Agricultural Products Industries Limited, manufacturer of the Fumman juice drink said it is taking a bold step to move its juice brand to a national player instead of its known regional player status, as Television Commercial (TVC) is Unveiled.

Oceanic Bank PLC has recorded 15.8 per cent jump in its deposit base to N644.5 billion as at 30th September 2010 from N556.8 billion in December 2009 , indicating increasing customer confidence in the bank. The improved fortunes of the Bank, one of the bailed-out banks was further confirmed by Fitch Ratings , which upgraded the bank’s individual rating from “F” to “E”.

The Securities and Exchange Commission (SEC) on Wednesday, stressed the need to exercise restraint in the proposed amendment of the Investment and Securities Commission Act 2007. The bill seeks to amend the commission’s Act to provide for greater transparency and accountability in the finances of SEC and to ensure effective legislative oversight.

The population of Lagos is estimated to reach 12.4 million by 2015, overtaking the Egyptian capital Cairo as Africa’s biggest city. According to a UN report, the number of people living in African cities will triple over the next 40 years to about 1.23 billion people and by then (2050), 60% of Africans will be city dwellers.