Shareholders of Union Bank Nigeria Plc have commended its Board of Directors for escaping the wrath of the Central Bank of Nigeria (CBN) over its plan to nationalize the bank.

The 2008 global financial crisis spared no nation. It impacted every country with ferocious intensity, spiraling into lukewarm confidence and untold economic misery for people across the globe. Yet, for each country, depending on the potency of its unique counter prescription, the aftermath differed vastly.

Empower a woman and you have empowered the nation,’ so goes a saying. In line with this saying, and to ensure a better society for Nigerians, the President/Chief Executive Officer of Morgan Smart Development Foundation, Dr. Evelyn Omawumi Urhobo has said that her foundation will do its best to continually empower women to enable them impact the society positively.

Operators of primary mortgage banks (PMBs) in Nigeria, under the aegis of Mortgage Banking Association of Nigeria (MBAN), have opposed a call to scrap the National Housing Fund (NHF) scheme due to its apparent inefficiency at facilitating the provision of affordable housing to Nigerians.

The Managing Director of UTC Nigeria, Mrs. Folusho Olaniyan, said the company has been able to achieve a sustainable commercial recipe for White Bread and Wheat Grain Bread, with 20 percent high quality cassava.

Abia State government has unfolded plans to ensure development of houses across the state and indicated readiness to partner with credible private investors.

Nigeria remains the most difficult country to register property in the whole of Africa, according to a report on Doing Business 2012 by the World Bank.

Shareholders of Dangote Sugar Refinery Plc, DSR, has approved the company’s backward integration strategies, authorising it to acquire Savannah Sugar Company, SSC.

Taxation in its strictest sense is much broader than tax on income, capital gains and stamp duties. It also covers tax on property, consumption and products, hence the source of confusion and legal action which has not helped in the development of the tax regime in Nigeria.

The global financial meltdown which started from the US, in 2006 as a result of the glut in the mortgage industry, spread like a contagion to Europe, Asia, and then to the emerging markets in Africa, including Nigeria. That ill wind got to Nigeria in 2008 and no stock market was spared of the catastrophic meltdown, just like the Great market crash of 1929.

Even though it was a global financial meltdown, the Nigerian market was insulated until about 2008. The effect was mainly in the banking sector.