Inadequate power supply has chocked the development and growth of Nigeria’s economy, particularly in the last two decades. The Punch Newspapers editorial of 22/3/2010 explicitly paints this reality. That editorial specifically notes that “Poor power supply has been at the heart of the nation’s wobbly manufacturing sector whose capacity utilization has today plunged to 29 per cent.

Members of the Institute of Chartered Accountants of Nigeria are at each other’s throat over allegation of corruption, no regard for due process in the award of the Institute’s contracts, outright rejection of due process and corporate governance. Other ethical issues and suppressed anger are among the several things tearing the ICAN members apart.

EQUITIES Slow down in market indices to ease The downward trend in the equities segment of the Nigerian Stock Exchange last week is expected to ease this week, as investors take position in stocks following the attractive results released by a number of the blue chip companies and the low prices of some of the blue chips after a week of steady decline in share prices.

About two weeks ago, there was jubilation at Okota-Itire and its environs when the Okota-Itire overhead bridge was commissioned by the Lagos State governor, Babatunde Fashola. Indeed, most traders and artisans in the area did not transact businesses on that day as they thronged the venue with different placards expressing their appreciation of the good works done by the state government.

Over 700 participants from Nigeria and 54 other countries within and outside Africa, are already seated at the Sheraton Hotels, Gambia for the commencement of the 37th African Insurance Organisation (AIO) conference and general assembly.