Management of the Central Bank of Nigeria (CBN) and the Nigerian Shippers’ Council (NSC) have joined forces in a bid to curb the huge some of funds leaving the country as capital flight. This was disclosed by a Director in NSC, Dabrey Shall-Holma, in Abeokuta while speaking at a one-day workshop on Shipping and Trade Facilitation.

Operators in the insurance industry have been called upon to champion constructive campaigns for the development of the infrastructural base in the country.

The Nigerian Aviation Holding Company, NAHCO PLC, recorded a turnover of N6.3 billion, in 2010 representing a 5 per cent increase over the previous year’s figure of N6.06 billion. Disclosing this in Abuja during its 30th Annual General Meeting, AGM, the Chairman, Board of Directors of the company, Major-General Ike Nwachukwu, Rtd, said the operating profits dropped by 13% from the N1.9 billion in the previous year to N1.7 billion, while profit-after- tax also dropped by 8% to N800 million from the N869 million in the previous year.

COMRADE Sunday Olusoji Salako, is the President of the Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, umbrella body for senior workers in the nation’s financial sector. It is a body of bank senior workers who have access to facts and figures in the banking sector of the Nigerian economy. In this interview with Financial Vanguard, he examines the tenure of the Central Bank of Nigeria, CBN- appointed management of the rescued banks, Mallam Sanusi Lamido Sanusi as the Governor of CBN, among others.

The newly introduced non-interest banking especially Islamic banking, can lead to financing of religious fanaticism and terrorism, says economic experts.

Twelve insurance companies owe the Nigeria Police Force N63.9million claims on Group Personal Accident (GPA) account for 2008/2009.The 12 insurance companies led by Industrial and General Insurance (IGI), Vanguard investigations reveal, are yet to settle the Police Force on batch 10 and batch 11 claims for that year.

As part of his administar-tion’s policy to assist traders in Borno State, Governor Kashim Shettima has pledged to release the sum of N2 billion interest-free loans to over 10,000 market women and traders at the Maiduguri Monday Market (MMM)

Mirror Suites, the latest addition to the nation’s booming hospitality industry has opened for operation as it promises quality services delivery.

The Nigeria Institute of Management (NIM) has renewed its call for effective utilisation of the nation’s resources and pledged her commitment to ensuring that qualified managers are put in charge of administration both in public and private concerns.

CR Services, the nation’s foremost credit bureau has introduced Portfolio Monitoring, a special product which would help banks to boost lending.

FAO has announced the launch of a major new initiative intended to produce more food for a growing world population in an environmentally sustainable way.