Oceanic Bank has unveiled two Television Commercials (TVCs), built around the projects financed by the bank over the years.

Zain, Middle East and Africa mobile commerce service product, Zap, has won the inaugural Global System for Mobile Award (GSMA) 2010 ‘Mobile Money for the Unbanked Service’ award.

TO improve the profes sional knowledge and practice for gym instructors and impact positively on physical fitness programs for fitness conscious Nigerians, Lucozade sport, the first specialized sport drink in Nigeria has kicked off its gym instructors’ forum.

Advertising Practi tioners Council of Nigeria (APCON), Chairman, Prof. Chris Doghudje, and other brand experts have commended Unity Bank for the implementation of its new corporate identity programme.

The nation’s curren cy appreciated by another 12 kobo at the official segment of the foreign exchange market on Monday.

The Grameen Foun dation has announced an innovative, two-year initiative that is designed to help African microfinance institutions (MFIs) better target poor clients and track how they are moving out of poverty.

Oceanic Bank International Plc has elevated 730 staff across various grades in keeping with its policy on staff motivation and reward.

JAPAUL Oil and Maritime Services Plc has assured its shareholders of improved returns on their investment in its 2010 financial year.

The Minister of Finance, Dr Mansur Muhtar, has said that the challenges faced by Africa in terms of skills and knowledge gap are enormous. The minister spoke at the launch of the AfDB $15 million support for the Network of African Institutions of Science and Technology (AUST), the International Institute for Water and Environmental Engineering and ECOWAS.

IFC, a member of the World Bank Group, has disclosed that it will invest in Nigerian fast food restaurant Tantalizers to help the company expand operations and improve environmental and safety standards, increasing the availability of convenient and affordable food in the country’s fast-growing urban areas and enhancing industry standards.

Mr Rong Yansong, China’s Economic and Commercial Counsellor in Nigeria, says that the trade volume between China and Nigeria hit $6.5 billion in 2009. Yansong said this on Friday at a news conference in Kaduna. He said that the Chinese Embassy specified the amount in the trade statistics it compiled during the trade review for the year.

Warri was a beehive of activities on Thursday the 18th of February. It was the day the Delta state government unveil to the public and investors its pent project, the Warri Industrial business Park. Many Nigerians travelled from far and near to give support to the state government. On the morning of the event the governor had an interactive session with Business Editors from Lagos.

Banks are now battling with money deposited by customers in their vaults which they are either not ready to give out as loans or nobody is coming forward to take. This is a fall out of the over N400 billion in the system more than the banks needed to hold in cash, which has brought the need for banks to lend to each other in the interbank money market to zero level.

This week, this column will take a break from its characteristic advocacy on the national economy and instead review the case of the young Nigerian, Farouk Muttalab who is currently facing trial in the United States for his failed attempt to blow up a US bound Trans Atlantic Aircraft flight on Christmas eve last year!

Investors have blamed the Nigeria Stock Exchange (NSE), and the Securities Exchange Commission (SEC), for the increasing number of complaints against the poor services and sharp practices of Registrars.