It is a welcome idea , provided the CBN in its investigation has discovered that the former management of these five banks were not capable to lead the bank to greater height. Our shareholders’ group is in support of the sale of the shares to be created following the bail out of N400 billion given to these banks. But if the move by the CBN is to sell the entire banks, that is, selling both existing shares and the new ones to be created to foreign investors, then we would resist it to the fullest.

Olive Microfinance Bank Limited has entered into a strategic partnership with Titanium Standard Resources in its pursuit of grassroots development, as it is committing about N20 million start-up loan to empower graduates of a vocational institute in the country.
The company also introduced a new product that is designed to cater for the needs of artisans and cooperative societies in the country.

The 3rd Enterprise Exhibition organised by the Bank of Industry (BOI) and Compass Consulting UK Ltd has been scheduled to take place from September 7 to 11, 2009 in Abuja and Lagos.

Investors’ woes were heightened last week, as the value of their investment in quoted securities on the Nigerian Stock Exchange (NSE), dipped by N334.89 billion.

The global economy is emerging from a deep downturn but the recovery will be sluggish and unwinding stimulus measures too soon could derail an upswing, IMF Managing Director Dominique Strauss-Kahn said on Friday.Speaking at a Bundesbank conference in Berlin, Strauss-Kahn expressed concern about the risks of a rise in unemployment, which he said could lead to a decline in potential growth and social consequences he said were “even more worrisome”.”