Second National telecommunications operator, Globacom said its presence at the Port Harcourt International Trade Fair has made the event a beehive of activities.

THE joy of 1200 youths knew no bounds penultimate week, as the Lagos state government, under its ministry of science and technology graduated 1200 unemployed youths from across the state, on various computer skills and competencies for self actualization and financial independence.

Less than one year after take-off, the microfinance interbank money market has collapsed following default by participating microfinance banks.

African Alliance Insurance Plc is the oldest Life insurance specialist in the country yet it has weathered the storm through the years and still flourishing at 50 years.

Ogun State government has signed a Memorandum of Understanding (MoU) with an estate development firm, CMB Building Maintenance and Investment Company Limited, for the redevelopment of Ibara Government Residential Area (GRA), Abeokuta.

The Federal Mortgage Bank of Nigeria (FMBN) is set to expand mortgage loan originators to on-lend National Housing Fund (NHF) loans to include universal banks, insurance firms, pension funds administrators and micro_finance banks.

The National Housing Fund (NHF) is fundamentally unsustainable and grossly inadequate in the quest to provide housing finance on a sustainable basis in Nigeria.

Stakeholders have disagreed over the continued suspension of public ownership of the Nigeria Stock Exchange.
Stock Exchanges are traditionally privately owned by stock brokers and some individuals and the process of making a stock exchange publicly owned is called Demutualisation.

The incumbent Central Bank Governor, Lamido Sanusi, has stubbornly decided to continue the destructive and suicidal monetary and foreign exchange market policies of his predecessor. In this event, this article, which was first published in 2006, with progressive supplementary comments in this column on 23/3/2009, is today 18/1/2010 reproduced for objective public evaluation!|

The CBN said that the ongoing reform of the banking sector was to combat institutional decay and disregard for corporate governance. The CBN Governor, Malam Sanusi Lamido Sanusi, said this in Lagos at the National Conference on Corruption and Good Governance, organised by Cleen Foundation. Sanusi, who was represented by Mr Kabiru Shehu, said that it became apparent that since the banks’’ consolidation in 2006, some banks had been engaged in serious breaches of corporate governance.